3333 Grand Avenue

• Windsor Terrace offers significant value-add potential through targeted interior renovations. New ownership can enhance rents by cosmetic upgrades including stainless steel appliances, new countertops, new cabinets, new lighting fixtures, and updated bathrooms. The effectiveness of this strategy has been consistently validated by the current owner
• Located just minutes west of Downtown Des Moines, Windsor Terrace Apartments offers exceptional walkability and convenience. The Ingersoll/Grand Corridor is a sought-after neighborhood with easy access to downtown, grocery stores, pharmacies, shopping, and dining options. Directly across the street are a full-service grocer and Walgreens pharmacy, enhancing the property’s appeal. This prime location provides true walkability in Des Moines, with numerous national and local restaurants, coffee shops, nightlife venues, and boutique stores in close proximity.
• Windsor Terrace Apartments is ideally situated in the Ingersoll/ Grand Corridor, an area flanked by two new construction projects commanding some of the highest rents in the Des Moines market. Notably, 4000 Ingersoll is just 0.6 miles west, while Soll Apartments is 0.8 miles east. Additionally, recently renovated properties like The Reagan House and Bryn Mawr further illustrate the submarket’s potential. These properties have successfully executed both property-wide and interior unit upgrades. By implementing similar enhancements to Windsor Terrace—such as unit upgrades, exterior improvements, and upgraded amenities—the property can achieve rental rates comparable to The Reagan House and The Treehouse.

Property Description