145 Gross Rd, Kingsland, GA 31548-6250
- Commercial real estate
- 4,656 SF
- 3.93 lot acres
Current Use by Public Records
- Camden Way Apartments / Apartment Building / Apartment Complex
Property Details for 145 Gross Rd
- Year built
- 1984
- Construction
- WOOD
- Lot size
- 3.93 lot acres
- Zone code
- R-3
- Property type
- Commercial real estate
- APN
- 107 016
- APU
- 107016
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 24, 2025 | $8,675,000 | Camden Way Apts Ga LLC | Jars At Camden Way LLC | Deed | — |
| Sep 14, 2022 | $7,200,000 | Jars At Camden Way LLC | Camden Way Apartments LLC | Warranty Deed | $4.8M · Berkeley Point Capital |
| — | — | Camden Way Apartments LLC | — | Deed Of Trust · related | $2.6M · Berkeley Point Cap |
Description
This exceptional 118-unit apartment building in Kingsland, Georgia presents a compelling value-add investment opportunity. Built in 1985, the property comprises 74,625 square feet across 16 buildings, each one story high. Currently boasting a 98% occupancy rate and an average rent of $928, the property offers significant upside potential. The current owners have invested approximately $690,000 in deferred maintenance, including roof and subfloor replacements, minimizing future capital expenditures for the new owner. A comprehensive value-add program is recommended, focusing on interior renovations to 104 of the units (88%). These upgrades, including luxury vinyl plank flooring, updated cabinetry and appliances, and fresh paint, are projected to increase rents by $100-$200 per month, depending on unit size, aligning with comparable properties averaging $1,155 in rent. This strategic renovation plan, coupled with the property's strong occupancy and prime location near major employment centers and retail amenities, is poised to deliver exceptional returns. Financial projections indicate a year-one leveraged cash-on-cash return of approximately 7.5%, with unleveraged and leveraged IRRs ranging from the mid-teens to over 20%. The property's location in a high-growth region, minutes from Kingsland's employment centers and within commuting distance of Jacksonville, Florida, further enhances its appeal. This is a rare opportunity to acquire a well-maintained multifamily asset with substantial value-add potential in a desirable market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $7,935,000
- ML approach
- $7,655,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Kingsland
- County
- Camden
- State
- Georgia
- Longitude
- -81.6429
- Latitude
- 30.7896
- CBSA code
- 41220
- CBSA name
- ST. MARYS, GA MICROPOLITAN STATISTICAL AREA
