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3307 Windsor Ave - Windsor Apartments 12 Unit Apartment Building Offered at $2,795,000 at a 7.21% Cap Rate West Palm Beach, FL 33407

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INVESTMENT HIGHLIGHTS

Brand New Roofs (Currently Being Installed)
All 2 Bedroom Floorplans
Located Just Minutes From Downtown West Palm Beach

Predominately Section 8 Tenants Providing Guaranteed Income
1972 Concrete Block Construction

EXECUTIVE SUMMARY

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.

Offering Memorandum

PROPERTY FACTS

Price	$2,795,000	Apartment Style	Garden
Price Per Unit	$232,917	Lot Size	0.58 AC
Sale Type	Investment	Building Size	7,800 SF
Cap Rate	7.21%	Average Occupancy	100%
Gross Rent Multiplier	8.69	No. Stories	1
No. Units	12	Year Built	1972
Property Type	Multifamily	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$2,795,000
Price Per Unit	$232,917
Sale Type	Investment
Cap Rate	7.21%
Gross Rent Multiplier	8.69
No. Units	12
Property Type	Multifamily
Apartment Style	Garden
Lot Size	0.58 AC
Building Size	7,800 SF
Average Occupancy	100%
No. Stories	1
Year Built	1972
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.