704-560-1412
1603 Victory, Valdosta, GA for Sale
Apartments - FOR SALE
1/8
null | Request Cap Rate

1603 Victory
Valdosta, GA 31601


HIGHLIGHTS

  • Well-Maintained Asset with Minimal Deferred Maintenance
  • Strategic Location Near VSU & Major Retail Nodes
  • Strong Occupancy & Collections
  • Offered Well Below Replacement Cost
  • Substantial Rent Upside

OVERVIEW

Waterstone Multi-Housing Advisors is pleased to present Chimney Creek — a well-maintained, garden-style apartment community located at 1603 Victory Street in Valdosta, Georgia. Built in 1985, the property features 20 units and offers an attractive investment opportunity in a stable and growing South Georgia market. Chimney Creek presents a strong value-add opportunity, with select interior upgrades already yielding positive rent growth. New ownership has the potential to further drive performance through unit renovations, operational efficiencies, and strategic management enhancements. Located just minutes from downtown Valdosta, the property offers residents convenient access to major employers, retail centers, and Valdosta State University. The Valdosta market continues to show healthy multifamily fundamentals, with steady rent growth, limited new supply, and consistent demand from both students and local workforce housing. With its proven upside, accessible location, and market resilience, Chimney Creek stands out as a promising investment for value-driven multifamily buyers.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

20

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1993

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

M-F

APN/PARCEL ID

0082D-158

ASK ABOUT THIS PROPERTY

Tucker BartleyWaterstone Multi-Housing AdvisorsMore Info
704-560-1412

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

Tucker BartleyWaterstone Multi-Housing AdvisorsMore Info
704-560-1412

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