8710 Research Dr, Charlotte, NC 28262-8570

This exceptional 96-unit apartment building, located at 8710 Research Drive in Charlotte, North Carolina's University City submarket, presents a compelling investment opportunity. Originally constructed in 2000 and extensively renovated in 2023, this Class-A property boasts modern luxury finishes and an expansive amenity package. The recent conversion from a hotel to multifamily residences has resulted in impressive property performance and strong organic rent growth. Situated within two miles of Vanguard's new 91-acre campus and Charlotte's second-largest employment center, the property benefits from its proximity to thousands of jobs and a thriving, dynamic neighborhood. While offering upscale living comparable to newer constructions, it provides a significant discount on rental rates compared to other Charlotte submarkets like Uptown, South End, and South Park, making it highly attractive to young professionals and students. The building's location within Mecklenburg County, zip code 28262, offers convenient access to employment opportunities and a vibrant urban lifestyle. This boutique living experience combines luxury finishes with a prime location, presenting a strong investment prospect with significant potential for continued growth. The property's positive lease-up trends and strong rent growth further solidify its position as a desirable investment in a rapidly developing area.