5984 Windsor Forest DrJacksonville, FL 32210

Property Details for 5984 Windsor Forest Dr

Year built

1966

Lot size

1.63 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.2515

Longitude

-81.739

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].