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31849384
31849383

3307 Windsor Ave, West Palm Beach, FL 33407

ER
FL FL SL3134745
Marcus & Millichap - Fort Lauderdale
CS
FL SL-3605832
Marcus & Millichap - Fort Lauderdale
DC
FL SL 3234051
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale
$2,595,000
235 days on market
Updated 50 days ago
Opportunity zone

Windsor Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,800
Net Rentable (SqFt) 7,800
Units 12
Cap Rate 8.16%
NOI $211,637
Occupancy 100%
Pro-Forma Cap Rate 8.58%
Pro-Forma NOI $222,619
Price per SqFt $333
Broker Co-Op Yes
Class C
Year Built 1972
Buildings 4
Stories 1
Acreage 0.570
Investment Type Value Add
Ownership Fee Simple

Multifamily | 12 Units | $216,250/unit

Marketing description

Marcus & Millichap is pleased to present Windsor Apartments, a stabilized 12-unit multifamily property located at 3307 Windsor Avenue in West Palm Beach, Florida. The property consists of four buildings totaling 7,800 gross square feet, situated on a 0.57-acre parcel. Built in 1972, Windsor Apartments features all new roofs, reducing near-term capital expenditure requirements.

The unit mix is comprised of twelve (12) two-bedroom/one-bathroom apartments, each averaging 650 square feet. Half of the units are equipped with central air conditioning, while the remaining units utilize wall-mounted systems. The property is currently stabilized with Section 8 tenants, providing ownership with consistent, government-backed rental income.

Ideally positioned in West Palm Beach, the property benefits from proximity to Downtown, major employment hubs, and key amenities including Palm Beach International Airport, St. Mary’s Medical Center, and local retail corridors. The area continues to see redevelopment and investment, fueling long-term demand for workforce and affordable housing.

With its stable Section 8 tenancy, recent capital improvements, and strategic location, Windsor Apartments represents a reliable investment opportunity with steady cash flow and minimal immediate capital needs.

Investment highlights

  • Brand New Roofs (Currently Being Installed)

  • Predominately Section 8 Tenants Providing Guaranteed Income

  • All 2 Bedroom Floorplans

  • 1972 Concrete Block Construction

  • Located Just Minutes From Downtown West Palm Beach

Listing Contacts

ER
FL FL SL3134745
Marcus & Millichap - Fort Lauderdale
CS
FL SL-3605832
Marcus & Millichap - Fort Lauderdale
DC
FL SL 3234051
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$211,637.00
$17,636.42/mo

Valuation Metrics

0
DSCR
8.16%
Cap Rate
8.16%
ROI

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Additional Information

Name
Evan Richardson
License
FL SL3134745
Name
Cory Sanchez
License
SL-3605832
Brokerage
Marcus & Millichap
Title
Associate
Brokerage Address
5900 North Andrews Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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