16-Unit Opportunity in Florissant

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.

Search The MLS

Search the MLS below using the city, postal code, address or listing id of the desired property.

Four-Family in 63115

This property is in need of a full rehab, but once completed, it has endless potential to become a great investment property. Large brick 4-family with a detached garage structure ready for renovations and 1 bedroom 1 bathroom units. There is the potential to convert this into a large duplex as well, let your imagination soar!