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Windsor Terrace Apartments 3333 Grand Ave 136 Unit Apartment Building For Sale Des Moines, IA 50312
INVESTMENT HIGHLIGHTS
- $300+ RENT PREMIUMS
- DEMONSTRATED RENT GROWTH IN THE INGERSOLL/ GRAND CORRIDOR
- LOCATED IN THE HIGHLY DESIRABLE INGERSOLL/ GRAND CORRIDOR
- DOUBLE-DIGIT CASH-ON-CASH RETURN UPON STABILIZATION
- EXCEPTIONALLY WALKABLE DES MOINES LOCATION
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 5.06 AC |
| No. Units | 136 | Building Size | 119,039 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1963 |
| Building Class | B | Parking Ratio | 1.2/1,000 SF |
| Zoning | R-4 | ||
| Sale Type | Investment |
| No. Units | 136 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 5.06 AC |
| Building Size | 119,039 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built | 1963 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | R-4 |
AMENITIES
UNIT AMENITIES
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Courtyard
- Property Manager on Site
- Trash Pickup - Curbside
- Community-Wide WiFi
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 15 | - | 447 |
| 1+1 | 104 | - | 684 |
| 2+1 | 16 | - | 846 |
| 3+1 | 1 | - | 1,160 |
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Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 090-06460001000 | Improvements Assessment | $6,360,000 |
| Land Assessment | $930,000 | Total Assessment | $7,290,000 |
PROPERTY TAXES
Parcel Number
090-06460001000
Land Assessment
$930,000
Improvements Assessment
$6,360,000
Total Assessment
$7,290,000
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Windsor Terrace Apartments | 3333 Grand Ave
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