Value-Add Four-Family Property with Option to Acquire Up to 44 Units in Florissant

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, offering investors the opportunity to acquire multiple buildings within one cohesive community. 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 complex has undergone extensive renovations between 2023 and 2026, with more than $2.2 million in capital improvements completed throughout the property. Upgrades include improvements to electrical systems, common areas, windows, water heaters, furnaces, and condensers. This building features 2 bedroom units with 3,536 square feet and features a pitched roof, central heating and cooling, and spacious common areas. Each four-family building includes five off-street parking spaces. Units 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. 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. 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.

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