100 Karima Cir - Apartments FOR SALE


Rincon, GA 31326
$5,000,000 USD
843-952-2295
100 Karima Cir, Rincon, GA for Sale
$5,000,000 USD
Apartments - FOR SALE
1/7
null | 5.8% Cap Rate

100 Karima Cir
Rincon, GA 31326


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, $7.6B Electric Vehicle (EV) & Battery Manufacturing Facility.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$36 USD /SF

# OF UNITS

26

PRICE/UNIT

$192,308

CAP RATE

5.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carlisle Village Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

PARKING SPACES

60

LAND DETAILS

LAND ACRES

9.25 AC

LAND SF

402,930 SF

ZONING

R-11

APN/PARCEL ID

R2670-00000-001-A00,R2670-00000-001-A01,R2670-00000-001-B00,R2670-00000-001-C00,R2670-00000-001-D00,R2670-00000-001-E00,R2670-00000-001-F00,R2670-00000-002-B00,R2670-00000-002-C00,R2670-00000-002-D00,R2670-00000-002-E00,R2670-00000-002-F00,R2670-00000-003-A00,R2670-00000-003-B00,R2670-00000-003-C00,R2670-00000-003-D00,R2670-00000-003-E00,R2670-00000-003-F00,R2670-00000-005-000,R2670-00000-006-000,R2670-00000-007-000,R2670-00000-008-000,R2670-00000-009-000,R2670-00000-010-000,R2670-00000-011-000,R2670-00000-012-000,R2670-00000-013-A00,R2670-00000-013-B00,R2670-00000-013-C00,R2670-00000-014-A00,R2670-00000-014-B00,R2670-00000-014-C00,R2670-00000-014-D00,R2670-00000-014-E00,R2670-00000-015-000,R2670-00000-016-000,R2670-00000-018-000,R2670-00000-020-000,R2670-00000-021-A00,R2670-00000-021-B00,R2670-00000-021-C00,R2670-00000-021-D00,R2670-00000-022-B00,R2670-00000-022-C00,R2670-00000-022-D00,R2670-00000-023-000,R2670-00000-024-000

ASK ABOUT THIS PROPERTY

Price BrazzelMarcus & MillichapMore Info
843-952-2295

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Price BrazzelMarcus & MillichapMore Info
843-952-2295

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.