Renovated 32-Unit Apartment
For Sale
$1,995,000
4-16 Bruce Drive, Florissant, MO 63031
Four eight-unit one-bedroom buildings totaling 32 units, renovated 2023–2026, 93.75% occupied and in lease-up.
Days on Market8
Property Features for 4-16 Bruce Drive
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
94%
Additional Details
Multifamily Units
32
Amenities
common areas
off-street parking
washer/dryer hookups
Building Details
Year Built
1963
Tenancy
Multi
Listing Agency:
Invest St. Louis
(314) 255-5117
Listed By:
Jordan Schoen · License #MO #2009024331
(314) 255-5117
Source:
Investstl
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 30 at 4:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Invest St. Louis
Investment Insights
Based on property information with market context.
This offering includes a 32-unit multifamily investment opportunity comprised of four eight-family buildings at 4–16 Bruce Drive. The property was built in the 1960s and features one-bedroom units. Renovations and capital improvements have been completed between 2023 and 2026, totaling almost $1.6 million, with updates including electrical system upgrades, central air installation, and modernization of building infrastructure. The property is currently 93.75% occupied and described as being in lease-up.
Additional physical features include pitched roofs, spacious common areas, and ample off-street parking. Washer/dryer hookups are available in each building, with the potential to add shared laundry facilities.
The offering is part of a larger seven-building apartment community that has undergone extensive renovations. The property is conveniently located minutes from Lambert International Airport and major employers including Boeing and Amazon, with nearby land planned for future city park development.
Additional physical features include pitched roofs, spacious common areas, and ample off-street parking. Washer/dryer hookups are available in each building, with the potential to add shared laundry facilities.
The offering is part of a larger seven-building apartment community that has undergone extensive renovations. The property is conveniently located minutes from Lambert International Airport and major employers including Boeing and Amazon, with nearby land planned for future city park development.
Key Highlights
- 32‑unit multifamily in Florissant, MO: four 8‑unit buildings on 4–16 Bruce Drive (one‑bedroom units).
- Renovated with nearly $1.6M in capital improvements (2023–2026), including electrical system upgrades and central air installation.
- Currently 93.75% occupied and in lease‑up; rents are positioned below market levels for potential value‑add as leases renew.
Property Analytics
Current Use
Lease Details
32
Residential units
93.8%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
Explore this area
Business Placement
Demographics for 63031, MO
47,609
Population
21,159
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
3,153
Density / Sq Mi
$71,783
Median Household Income
$42,920
Median Earnings
$1,351
Median Rent
$144,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Four eight-unit one-bedroom buildings totaling 32 units, renovated 2023–2026, 93.75% occupied and in lease-up.
Where is this apartment building located?
The property is located at 4-16 Bruce Drive Florissant, MO.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 32‑unit multifamily in Florissant, MO: four 8‑unit buildings on 4–16 Bruce Drive (one‑bedroom units).; Renovated with nearly $1.6M in capital improvements (2023–2026), including electrical system upgrades and central air installation.; Currently 93.75% occupied and in lease‑up; rents are positioned below market levels for potential value‑add as leases renew.
