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1603 Victory 20 Unit Apartment Building For Sale Valdosta, GA 31601
INVESTMENT HIGHLIGHTS
- Well-Maintained Asset with Minimal Deferred Maintenance
- Strong Occupancy & Collections
- Substantial Rent Upside
- Strategic Location Near VSU & Major Retail Nodes
- Offered Well Below Replacement Cost
EXECUTIVE SUMMARY
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.
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.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
PROPERTY FACTS
| Sale Type | Investment | Building Size | 19,888 SF |
| No. Units | 20 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1993 |
| Apartment Style | Garden | Parking Ratio | 1.66/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 0.96 AC | ||
| Zoning | M-F - Multi Family | ||
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.96 AC |
| Building Size | 19,888 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1993 |
| Parking Ratio | 1.66/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | M-F - Multi Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 20 | - | 850 - 900 |
1 1
PROPERTY TAXES
| Parcel Number | 0082D-158 | Improvements Assessment | $586,290 |
| Land Assessment | $48,000 | Total Assessment | $634,290 |
PROPERTY TAXES
Parcel Number
0082D-158
Land Assessment
$48,000
Improvements Assessment
$586,290
Total Assessment
$634,290
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1603 Victory
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