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32803783
32803777

100 Karima Circle, Rincon, GA 31326 For Sale

RL
SC 118061
Marcus & Millichap - Charleston
PB
SC 137927
Marcus & Millichap - Charleston
WG
Marcus & Millichap - Charleston
Listed by Marcus & Millichap - Charleston
$5,000,000
59 days on market
Updated 34 days ago

Carlisle Village

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 28,600
Net Rentable (SqFt) 38,600
Units 26
Cap Rate 5.8%
NOI $290,198
Price per SqFt $175
Year Built 2008
Year Renovated 2025, 2026
Acreage 0.980
Ground Lease No

About This Property for Sale

Marketing description

Marcus & Millichap is pleased to present Carlisle Village, 26 condos comprising a portion of a larger multifamily community in Rincon, Georgia. The property consists entirely of spacious two-bedroom, two-bathroom units and was constructed in 2008–2009, with Recently completed renovations in 2025/2026. Offering a relatively modern vintage within the local submarket. The property is within a well-maintained suburban community with professional HOA oversight. Carlisle Village benefits from functional unit layouts that aligns well with renter preferences in suburban Savannah-area markets.

Rincon, located in Effingham County, continues to experience steady residential growth as households are drawn to its affordability, strong school systems, and convenient access to employment centers throughout the Savannah MSA. The area has evolved into a key suburban housing destination, supported by its proximity to Savannah’s industrial, logistics, and port-driven economy. As home prices and development costs across coastal Georgia have increased, Rincon has remained an attractive alternative for renters seeking more attainable housing options within commuting distance of major job hubs.

The broader Savannah market is anchored by one of the most active port economies in the Southeast, along with growing tourism, manufacturing, and distribution sectors. Continued investment in logistics infrastructure and industrial expansion has supported sustained job creation and population inflows throughout the region. This dynamic has helped reinforce consistent rental demand in surrounding suburban submarkets such as Rincon, where newer-vintage workforce housing remains limited in supply relative to demand.

Investment highlights

  • 26 Condos Located Within an Established Residential Community.
  • All Units are Separately Parceled for Individual Residential Sale, Supporting Higher Per-Unit Returns
  • 100% Two-Bedroom, Two-Bathroom Unit Mix Suited for Workforce Housing Demand.
  • Strong School District with Close Proximity to Savannah and Hyundai Major Georgia Plant, $7.6 Billion Electric Vehicle (EV) and Battery Manufacturing Facility.

Listing Contacts

RL
SC 118061
Marcus & Millichap - Charleston
PB
SC 137927
Marcus & Millichap - Charleston
WG
Marcus & Millichap - Charleston
Listed by Marcus & Millichap - Charleston

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$290,198.00
$24,183.17/mo

Valuation Metrics

0
DSCR
5.8%
Cap Rate
5.8%
ROI

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Additional Information

Name
John Leonard
License
GA 252904
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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