Windwood Oaks

About Windwood Oaks

The Florida Multifamily Advisory Group of Cushman & Wakefield is proud to present the exclusive offering of Windwood Oaks Apartments, a 352-unit value-add community in Tampa, FL.The property features a clearly defined renovation program targeting approximately 343 units at an average cost of ~$8,835 per unit, providing a scalable and efficient path to continued value creation. Based on current underwriting, renovated units are projected to achieve average rent premiums of approximately $157 for studios, $164 for one-bedroom units, and $194 for two-bedroom units, equating to a weighted average premium of ~$174 per unit. This translates to an estimated $61K monthly rental increase, generating approximately $736,000 of incremental annual revenue and supporting an attractive ~22% return on cost.

A meaningful portion of classic and partially renovated units remains, providing new ownership with the ability to continue the proven upgrade program and drive mark-to-market rent growth. This upside is further complemented by the opportunity to implement institutional ancillary income streams, including bulk internet, washer/dryer rentals, and technology packages, creating a clear and executable path to NOI growth.