5984 Windsor Forest DrJacksonville, FL 32210

The Windsor Arms, a 47-unit apartment building in Jacksonville, Florida, presents a compelling value-add investment opportunity. This garden-style community comprises six two-story brick buildings, each boasting newly installed roofs. The property features a desirable mix of 46 two-bedroom, 1.5-bathroom units and one one-bedroom, one-bathroom unit, currently operating at 94% occupancy. The 42,727 square foot complex sits on a 1.63-acre lot, zoned CRO, and was built in 1966. The property's pro-forma NOI is $455,938, with an asking price of $5,400,000. Its convenient Westside location offers residents easy access to major shopping centers (including Publix, Target, Walmart, and Winn-Dixie within a 2.5-mile radius) and significant employment hubs such as Downtown Jacksonville, Cecil Commerce Center, and the Jacksonville Naval Air Station. On-site amenities include a swimming pool, a shaded courtyard, laundry facilities, and an office. The property's strong unit mix and location in a market projected for significant rent growth (RealPage projects 4.9% annual effective rent growth for 2025-2027 in the Westside submarket) offer substantial upside potential. With all units being candidates for upgrades and untapped potential for additional income streams, new ownership can potentially increase topline revenue by 25% or more within the first two years through strategic renovations and operational improvements. Detailed operational and financial information is available upon request. Jacksonville's ranking as the #1 city for domestic net migration in recent years further underscores the property's investment potential.