Northmarq’s Multifamily Investment Sales team arranges $7.1M sale of The Village on Hill Street in Raleigh, NC

RALEIGH, N.C. — Northmarq’s Carolinas Multifamily Investment Sales team led by Ron Corrao, James Dorsett, Matthew Weinstein, Eric Liebich, Dane Lozier and Scott Fuller successfully completed the $7.1 million sale of The Village on Hill Street, a 48-unit multifamily community located at 2404 Hill St. in Raleigh, North Carolina.

Northmarq represented the seller, Saratoga Capital Inc. The buyer was D3 Real Estate Group.

“We were happy to facilitate a transaction for The Village on Hill Street that aligned with the goals of both D3 Real Estate Group and Saratoga Capital,” Corrao said. “This deal reflects the continued strength of the Raleigh multifamily market and the demand for high quality assets in the market.”

Built in 1995 and comprised of six garden buildings and an office/laundry building, The Village on Hill Street features two- and three-bedroom floorplans and 122 parking spaces. Units feature carpet and vinyl plank hardwood, patio or balcony, washer/dryer connections, wood cabinets, laminate counters, and white or black appliances.

Community amenities feature mature landscaping, a pet-friendly environment, leasing office, laundry center, surface parking lot and direct Hill Street Park access.

The Village on Hill Street is nestled right off of Capital Boulevard and is just minutes from Raleigh’s top retail destinations including downtown, North Hills and Midtown East. It sits blocks away from the Interstate 440 and U.S. Hwy 401 interchange.