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The Windsor Hotel Apartments 401 Pine St

81 Unit Apartment Building For Sale Abilene, TX 79601

Investment Highlights

  • Unbeatable Location with Proximity to all Major Retail & Employment Opportunities
  • Convenient Access to Interstate 20 and the Regional Airport
  • Value-Add Opportunity through Improved Operations/Management
  • $3.25M in Recent Capex Invested into the Asset
  • Attractive In-Place Yield

Executive Summary

The Windsor Hotel Apartments is a distinguished mixed-use apartment and re-tail community situated in Abilene, Texas. Originally built in 1926 and recently transformed into luxury residences, The Windsor Hotel Apartments features 80 residential units alongside nine retail tenants. The apartments are available in four carefully selected floor plans, ranging from 413 to 885 square feet, each offering high-end finishes and unobstructed views of the city. This boutique, hotel-style community blends luxury living with convenience, offering easy
access to a spacious lobby with a double-height skylit ceiling, surrounded by ground-floor commercial spaces. These include a shopping boutique, coffee bar, home goods market, and cocktail lounge.
Residents benefit from a range of top-tier on-site amenities, such as a collaborative workspace lounge, laundry facilities, a business center, package services, and a state-of-the-art fitness center. Each unit boasts a newly renovated full-size kitchen, walk-in closets, and high-speed internet access. The Windsor is dedicated to providing its residents with a comfortable and convenient home in the heart of downtown Abilene.
In addition to its first-class amenities, the property’s central location offers residents quick interregional access to Interstate 20 and U.S. Highway 277. It is also just steps away from a variety of downtown Abilene’s boutiques, restaurants, coffee shops, and galleries, and less than half a mile from Hendrick Medical Center. Furthermore, the property is within a 5-minute drive of local elemetary, middle, and high schools.

Data Room Click Here to Access

Property Facts Under Contract

Sale Type Investment
No. Units 81
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class B
Lot Size 1.28 AC
Building Size 95,827 SF
Average Occupancy 95%
No. Stories 10
Year Built 1926
Parking Ratio 1.57/1,000 SF

Unit Amenities

  • High Speed Internet Access
  • Refrigerator
  • Views
  • Walk-In Closets

Site Amenities

  • 24 Hour Access
  • Business Center
  • Fitness Center
  • Laundry Facilities
  • Property Manager on Site
  • Package Service
  • Planned Social Activities
  • Trash Pickup - Curbside
  • Lounge

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 2 - 320 - 501
1+1 33 - 631
2+1 8 - 820
2+2 38 - 868

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
24562
Land Assessment
$118,125
Improvements Assessment
$1,191,411
Total Assessment
$1,309,536

zoning

Zoning Code Commercial
Commercial
  • Listing ID: 33383457

  • Date on Market: 10/2/2024

  • Last Updated:

  • Address: 401 Pine St, Abilene, TX 79601

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