1 Bruce Dr Florissant, MO 63031

Located on a quiet cul-de-sac in Florissant, Missouri, this four-family building is part of a larger 44-unit apartment complex. The complex consists of seven buildings within the same cul-de-sac, offering the opportunity to acquire multiple buildings. The four-family buildings can be purchased separately or together, and the 32 additional units can also be purchased with the four families if desired. The building contains 3,536 square feet and features 2-bedroom units, a pitched roof, and central heating and cooling. Each four-family building includes five off-street parking spaces. The complex has undergone extensive renovations between 2023 and 2026, with over $2.2 million in capital improvements, including upgrades to electrical systems, common areas, windows, water heaters, furnaces, and condensers. Units offer washer and dryer hookups, with additional potential to add shared laundry facilities. All four units feature similar updates, providing consistency in layout and finishes. Current rents are below market, 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. At least one unit per building may be available for showings or potential owner-occupancy. The property is conveniently located near Lambert International Airport and major employers such as Boeing and Amazon. 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 lot size is approximately 0.1994 acres.