803 S Satila St

Property Description

Modus Capital is pleased to present the exclusive listing of Pine Haven, a 27-unit, 1985-built apartment community located in Kingsland, GA (Camden County). The subject is situated in an affluent coastal market where average HHI exceeds $75K. Additionally, Camden County offers many of the highest ranked schools in the state. Pine Haven offers residents immediate connectivity to over 20K jobs within Camden County. This asset is situated in the high barrier-to-entry submarket, characterized by limited new deliveries and strong organic rent growth. With such limitations on new multifamily, occupancy and rent have continued to climb, leading to a strong historical property performance. Pine Haven has recently received an extensive renovation, overhauling unit interiors and updating the exterior. New ownership can expand upon the renovation and further increase rents to compete with the market leaders.