Northmarq is pleased to present the exclusive offering of The Village on Hill Street, a 48-unit community in Raleigh, NC. Built in 1995, the property is situated just off Capital Boulevard, providing direct access to more than 280,000 jobs within 15 minutes and prime retail destinations only a short drive away. The surrounding area reflects an affluent renter base with an average HHI of $109,000 (3 mile radius) and projected growth of 14% over the next five years, supporting strong leasing fundamentals and positioning the property for sustained rent growth. New ownership has the opportunity to execute a market-supported Value-Add 2.0 strategy. With $7,500 per unit in renovations, investors can capture $160-$300+ rent premiums over today’s lease rents while unlocking additional operational efficiencies to further enhance revenue. The property also participates in the North Carolina Tax Abatement Program, generating annual savings of approximately $50K. Situated in one of Raleigh’s most dynamic growth corridors, The Village on Hill Street represents a compelling opportunity to acquire a well-located, income-producing asset with meaningful upside potential. https://my.rcm1.com/handler/modern.aspx?pv=ZPVw-zSB3gfVaLImNdU2dtNTymNPzTBSTtSIqQBXO8flcPyMmSB6n4EmmsskHjTsetmJhJU_TmwAaS9iiV1Mgw#_top