Village on Hill Street

2404 Hill Street, Raleigh NC 27604

Village on Hill Street

2404 Hill Street, Raleigh NC 27604
ASSET TYPEGarden Apartments
SOLDJuly 28, 2016
PRICE$ 3,175,000
PRICE PER UNIT$ 66,000
TOTAL UNITS48
YEAR BUILT1995
MARKETRaleigh-Durham

DEAL Highlights

● Seller was transitioning from Affordable Housing to Market Rate, while considering whether to sell before or after the rehabe and transition

● We determined that seller's return would be greater by selling prior to completion of transition

● Strategic campaign yielded a multiple offer situation

● Sold during the transitioning stage for 97% of asking price

● APARTMENT CORE represented the Seller

Contact Info

Mike Siciliano

919.861.9730 x2
Mike@ApartmentCore.com