Opportunity To Purchase 3 Large Renovated 4 Families Invdivdually, Or As A Package

1, 2 & 3 Bruce Dr., Florissant, MO 63031

Each individual 4-plex offered at: $375,000

Investment Opportunity:

Investors and owner-occupants should take note of this opportunity at 1, 2, and 3 Bruce Drive in Florissant. These three four-family buildings sit on a quiet cul-de-sac and can be purchased individually or together. Additionally, they are part of a larger 44-unit apartment complex that spans seven buildings.

Renovations and Capital Improvements:

The ownership group completed extensive renovations between 2023 and 2026. In total, the project includes more than $2.2 million in capital improvements across the 44 units. These upgrades improved building systems and modernized the units.

Prime Location:

The property benefits from a strong location in Florissant, Missouri. It sits only a short drive from Lambert International Airport. Furthermore, the area provides convenient access to major employers such as Boeing and Amazon. As a result, the surrounding rental market continues to show strong demand.

Rental Upside Potential:

Current rents remain below market levels, which creates a clear value-add opportunity. Some apartments leased during the winter months when rental demand typically slows. Therefore, new ownership may have the ability to increase rents over time. Market data shows the average rent for two-bedroom units within a five-mile radius is approximately $1,050 per month. Additionally, each building currently has one unit available. These units allow buyers to tour the property easily. They also provide an option for owner occupancy if desired. The buildings sit within a designated flood zone. However, the City of Florissant recently purchased nearby land along the creek. The city plans to develop the land into a future park, which may enhance the surrounding area.

Property Features:

Each building offers 3,536 square feet and consistent upgrades across the units. This consistency helps simplify management and maintenance.

Additional features include:

• Newer pitched roofs
• Large open common areas
• Central heating and cooling in all units
• Washer and dryer hookups in units
• Potential to add shared laundry facilities for additional income
• Five parking spaces per four-family building
• Updated electrical systems
• Updated windows, water heaters, furnaces, and condensers
• Flood Zone and Future Development

Virtual Tours

Explore the property through the Matterport virtual tours below:

• 1 Bruce Dr.
  https://my.matterport.com/show/?m=2BBEU5zHtXq
• 2 Bruce Dr.
  https://my.matterport.com/show/?m=Mb554CUEkxY
• 3 Bruce Dr.
  https://my.matterport.com/show/?m=g7eXY6g24qk