Stabilized Multifamily Property in
3307 Windsor Ave West Palm Beach, FL 33407
3307 Windsor Ave, West Palm Beach, FL, 33407
$2,595,000
For Sale
$2,595,000
Stabilized 12-unit multifamily property with government-backed rental income.
Property Size7,800 SF
Lot Size0.57 Acres
Price / SF$332.69
Days on Market92
Property Features for 3307 Windsor Ave
General Information
- Standard status
- Active
- Size
- 7,800 SF
- Lot size
- 0.57 Acres
- Property subtype
- Multifamily
Listing agency
Fort Lauderdale Office
(954) 245-3584
Listed by
Daniel J. Cunningham · License #License(s): FL: SL3234051
(954) 245-3584
Source
Marcusmillichap
Added: Apr 22 Updated: Jul 10 at 1:16PM Checked: Jul 22 at 2:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fort Lauderdale Office
Investment Insights
Based on property information with market context.
Windsor Apartments, a 12-unit multifamily property, is located at 3307 Windsor Avenue in West Palm Beach, Florida. Constructed in 1972, the property includes four buildings with a total gross area of 7,800 square feet, situated on a 0.57-acre parcel. The unit mix consists of twelve two-bedroom, one-bathroom apartments, each averaging 650 square feet. Half of the units have central air conditioning, while the others use wall-mounted systems. The property has new roofs, reducing near-term capital expenditure requirements. The property is currently stabilized with Section 8 tenants, providing consistent, government-backed rental income. The property is located in West Palm Beach, near Downtown, major employment hubs, and key amenities such as Palm Beach International Airport and St. Mary’s Medical Center, as well as local retail corridors. The area is experiencing redevelopment and investment, which is expected to increase long-term demand for workforce and affordable housing. Windsor Apartments represents a reliable investment opportunity with steady cash flow and minimal immediate capital needs.
Key Highlights
- Great Location on Major Hwy
- Rustic and Ready
- Various types of businesses will fit
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $259.3k | $33.24 |
| − Vacancy | −$12.4k | −$1.60 |
| EGI | $246.8k | $31.64 |
| − OpEx | −$111.1k | −$14.24 |
| NOI | $135.8k | $17.40 |
7,800 SF · lease $33.24/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.94M
$1.70M – $2.26M
NOI $135,755 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.49M
$4.81M – $6.41M
NOI $384,524 @ 7.0% cap · market cap 14.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Stabilized 12-unit multifamily property with government-backed rental income.
Where is this apartment building located?
The property is located at 3307 Windsor Ave West Palm Beach, FL.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Great Location on Major Hwy; Rustic and Ready; Various types of businesses will fit
