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$375,000
26013467 MLS ⋅ ACTIVE Status
Four-family building located on a quiet cul-de-sac in Florissant, Missouri. This property is part of a larger 44-unit apartment complex consisting of seven buildings within the same cul-de-sac. This building features 2 bedroom units with 3,536 square feet and features a pitched roof, central heating and cooling, and spacious common areas. The building recently underwent renovations, with approximately $175,000 spent on unit interiors, HVAC, plumbing, electric, and common areas. The basements offer washer and dryer hookups, with additional potential to add shared laundry facilities. All four units within the building feature similar updates, providing consistency in layout and finishes across the property. The Current rents are below market at $999, $900, $895 presenting an opportunity for future rent growth. Market data indicates average rents of approximately $1,050 for two-bedroom units within a five-mile radius. One unit could be available for showings or potential owner-occupancy. Conveniently located near Lambert International Airport and major employers such as Boeing and Amazon, the property benefits from strong employment drivers in the surrounding area. The buildings are located within a designated flood zone. The City of Florissant has acquired adjacent land for a planned future park development, which will further enhance the surrounding area. The four family shares a recorded maintenance agreement with the three fourplexes in the cul-de-sac, covering common areas, landscaping, lawn care, snow removal, parking, and shared electric. Costs are split by unit count, with 2 Bruce responsible for 9.09% of shared costs, with an estimated annual budget of approximately $1,700 annually for the 4 units.

2 Bruce Dr, Florissant
$1,995,000
26013512 MLS ⋅ ACTIVE Status
This offering presents a 32-unit multifamily investment opportunity in Florissant, Missouri, consisting of four eight-family buildings located at 4–16 Bruce Drive. Built in the 1960s, the property features one-bedroom units and is part of a larger seven-building apartment community that has undergone extensive renovations between 2023 and 2026 totaling more than $1.6 million in capital improvements. Updates include electrical system upgrades, central air installation, and modernization of building infrastructure. The property is currently 93% occupied, with rents positioned below market levels, creating a clear value-add opportunity as leases renew and units stabilize. Select units have been intentionally left vacant to accommodate showings. Market data indicates average rents of approximately $942 for comparable one-bedroom units within a three-mile radius. Additional property features include pitched roofs, spacious common areas, ample off-street parking, and washer/dryer hookups in each building, with the potential to add shared laundry facilities for additional income. The property is conveniently located minutes from Lambert International Airport and major employers such as Boeing and Amazon, with nearby land planned for future city park development. The property has a shared maintenance agreement with the 3 four families in the cul de sac, with control of the budget and vendors. It covers exterior common areas, landscaping, lawn care, snow removal, parking, and shared electric. Costs are split by unit count, with the 32 units responsible for 72.73% of shared costs across the 44 total units.

4 Bruce Dr, Florissant