1603 Victory Street
Valdosta
31601
About this property
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.
Amenities and Features
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