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406 W 9Th St Charlotte, NC 28202

For Sale
$2,500,000

Ten Class A apartments in Uptown Charlotte's central business district.

Building Details

Year built
1983

Source: Anna Rohde Yuan Agent Anna Rohde Yuan

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Uptown Charlotte Class A Apartments

This proposed acquisition features 10 Class A apartments, each with one bedroom and one bathroom, situated in the central business district of Uptown Charlotte. The location offers walking distance access to numerous high-paying white-collar jobs within a high-growth, high-demand market characterized by near-zero vacancy rates. The property is positioned to provide immediate cash flow and appreciation, benefiting from market dynamics that favor landlords, including limited new supply and accelerating population growth. The property is located within a short distance of hundreds of thousands of high paying white collar jobs in the 2nd largest banking Center in the U.S. Current in place rents are below market. This is a rare 10-unit apartment building in Uptown Charlotte, generally considered one of the best apartment markets in the U.S. The average household income for the property’s zip code, 28202, is $135,216, while the adjoining zip code, 28203, reports an average of $159,604.
Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Charlotte
County
Mecklenburg
State
North Carolina
Longitude
-80.8408222
Latitude
35.2340008

FAQs

What type of property is this?
Apartment building - Ten Class A apartments in Uptown Charlotte's central business district.
Where is this apartment building located?
The property is located at 406 W 9Th St Charlotte, NC.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: - 10 Class A apartments in a rare 10-unit building in Uptown Charlotte.; - Walking distance to hundreds of thousands of high-paying jobs in Uptown Charlotte.; - Located in a high-growth, high-demand market with near-zero vacancy.
More about this property
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