16-Unit Opportunity in Florissant

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Located in historic Old Town Florissant with shopping, dining located in historic buildings.
On Rue St. Francois there are annual events and festivals including the Valley of Flowers Festival, Fall Festival and Wednesday night out parties.
Florissant has been previously ranked as the #1 best small city to retire in and #2 safest in Missouri.
Complex built in 1986.
Easy to maintain solid brick building with pitched roof, built on a slab.
All apartments have central heat and air conditioning and updated electric.
Rents can be raised considerably as is and additionally with minor cosmetic upgrades.
Two apartments for rent just rented for $775 in 2 days, the last apartment for rent will be marketed at $800.
Rents for similar size 1 bedroom apartments rent as much as $800 nearby.
Units have washer/dryer hookups in all units and vinyl windows.
Building is a 55+ senior building with many long term tenants.
There is shared parking next door in the rear.
Located next to a restaurant with seating adjacent to the building.
Seller is encouraging offers.

Property Location

1295000 | 309 Rue St. Francois, Florissant, MO 63031

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Property Details:

Square Footage: 10,240 County: St. Louis County Units: 10+ Condition: Rehab Needed Occupancy: Some Units Vacant Parking: Off Street Parking Heating: Electric Heat Cooling: Central Electric Construction: Brick Basement: Concrete Block

Home Amenities:

Vinyl Windows
Washer/Dryer Hookup

Agent Details:

Owner / Broker: Jordan Schoen Phone: (314) 255-5117 Fax: (314) 480-7053

Contact Agent: Please use the form below to contact agent Jordan Schoen about this listing.

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