32 Units In Florissant 4-16 Bruce Dr.

Experience the vibrant 63031 neighborhood near the property in Florissant, MO, offering multifamily and high-rise investors access to historical charm, shops, restaurants, and cultural experiences in Old Town Florissant. Bangert Park, just moments away, provides lush green spaces and recreational facilities, ideal for relaxation and outdoor enjoyment. This harmonious blend of community spirit and modern conveniences presents an appealing investment opportunity in the heart of Florissant.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 almost $1.6 million in capital improvements, which is nearly the asking price for the property. Updates include electrical system upgrades, central air installation, and modernization of building infrastructure. The property is currently 93.75% occupied and in lease-up, with rents positioned below market levels, creating a clear value-add opportunity as leases renew and units stabilize. 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.