Extensive Renovations & Capital Investment: These buildings are in the final stages of complete gut renovations (2023-2025) with $2.2 million in capital expenditures invested. A breakdown of the capital expenditures can be provided upon request.

Unit Mix & Construction: 1960s construction featuring 12 two-bedroom units and 32 one-bedroom units.

Prime Location: A short drive to Lambert International Airport and close to major employers, including Boeing and Amazon.

Updated Systems & Features: Buildings feature central air, updated electrical, and modernized systems.

Lease-Up Status & Completion Timeline: Currently in lease-up, with 19 of 44 units occupied. Buildings at 5 and 16 Bruce Dr. are approximately 90% complete and available for lease-up in April.

Seller’s Delivery Options: The seller will deliver the complex fully renovated and leased but is open to allowing the buyer to complete the renovations and lease-up if preferred.

Efficient Property Layout: Side-by-side buildings provide ease of maintenance and leasing.

Flood Zone & Nearby Development: Buildings are located in a flood zone. Five buildings closest to Coldwater Creek have been purchased by the City of Florissant for future park development.

Value-Add Opportunity: Units are currently leased under market rent, allowing a buyer to increase rents upon lease expiration. Market rents are validated through leases in Buildings 1 and 2 Bruce Dr.

Market Rent Comparisons:

• The average rent for 12 two-bedroom, one-bath units within a one-mile radius over the past 12 months is $1,079.
• The average rent for 20 one-bedroom, one-bath units within a three-mile radius over the past 12 months is $924.

Additional Property Features: Buildings have pitched roofs, large open common areas, and ample tenant parking. Washer/dryer hookups are available, with potential to add laundry facilities for additional income.

Attractive Pricing & Offer Flexibility: Priced at $75,000 per unit and open to offers, including pre-completion and lease-up negotiations.

This 24-unit apartment complex, built in 1986, has been meticulously cared for over the years. It consists of two buildings featuring a total of 16 two-bedroom units and 8 one-bedroom units. Each apartment is equipped with baseboard heating and window air conditioning, providing reliable and efficient comfort for tenants.

All-brick four-family building located in the Dutchtown neighborhood, just a short walk from Mount Pleasant Park. This 3,456 sq. ft. property sits on a .100-acre lot and features four 1-bed, 1-bath units. While the building requires some work, it offers excellent income potential. Sold as-is.

Seize the opportunity to own this fully occupied, cash-flowing property, currently generating $2,035/month with potential for increased rents.

• This solid brick building features central heating and air conditioning in all units, including one newly renovated unit and two long-term tenants.
• Major updates include a new roof and sewer laterals in 2021 and 2024, new appliances, two new furnaces in 2021, a new AC unit in 2023, and a new fence in 2024.
• With its strong return on investment and room for rent growth, this property is a valuable addition to any investment portfolio.
• Offered at a 9% cap rate, with modest rent increases, this can easily exceed a 10% cap rate.

Don’t miss out—make your offer today and capitalize on this outstanding opportunity!

Paying buyers agent 2%.

This brick 4-family is situated between Lafayette Park and the Compton Hill Reservoir in The Gate District, one block off Lafayette Ave where extensive new construction/development has taken place.

• • Updated systems (see photos) include central heating and air conditioning throughout, and newer water heaters.
  • All units have newer kitchens, bathrooms, flooring, paint, etc. Some units have in-unit laundry.
  • Each unit boasts spacious 2-bedroom, 1-bathroom layouts with 1,234 square feet per unit. The upstairs units have a bonus room suitable for a small office space.  All units are fully occupied.
  • Video walkthrough of all four units, basement, and exterior: https://youtu.be/Xz-SGuzXUnk
  • Link to a Google Drive folder with disclosures, rental verification, leases, and other supplemental documents: https://bit.ly/3xYhpTA
  • Unit/property photos: https://bit.ly/3y47OdW
  • Complete 3D scan / virtual tour of unit 2823: https://bit.ly/3UIHm2n

Paying buyers agents 2.7%

Unique 4-family property on South Grand less than a 5-minute walk from the iconic Carondelet Park in South City and across the street from Holly Hills.

• This stucco building encompasses 3,536 square feet on a 5,084 square foot lot.
• Units feature spacious 5 room units including a sunroom off the bedroom in the rear,  and large windows in the living room that let in a lot of light.
• Off-street parking is available for tenants (~4-5 spots, see photos).
• All units have central heating and central AC.
• Basement laundry facilities are available for tenant use.
• Some property and system updates have already been completed.
• Two lower level units are currently occupied with rents set at $860 and $650. The unit rented at $650 is due for a rent increase with the next lease renewal. 
• The two upper level units are vacant and available for viewings. Unit 2N has a lease in process for $1,000/month.
• There is the potential for the units to be converted into 2-bedroom unit layouts by changing the apartment entrance door location.
• Property to be sold as-is.
• See additional property media, including a video walkthrough of the two upper units, the basement, and the building exterior, here: https://photos.app.goo.gl/7FUapr1xAPdN94q29
• A virtual walkthrough tour of unit 2N is available here: https://bit.ly/44W52Ue
• Supplements (leases, disclosures, etc.):  https://bit.ly/3wTAplZ

Nice income producing duplex with townhome style units in Gravois Park area! Each of these units have 3 bedrooms and 1 bathroom with nice hardwood floors and central air. Built in 1903, the duplex has a total building size of 3,234 square feet, situated on a 5,363 square foot lot.

This 4-family building is located in unincorporated Jefferson County outside Arnold. Each townhouse unit features a living room, eat-in kitchen with dishwasher and microwave, 2 bedrooms, and 1.5 baths. The bedrooms and halls are carpeted, while the kitchens and baths have ceramic tile flooring. Private walkout basements offer concrete walls, tall ceilings, 200-amp electric panels, PVC stacks, washer and dryer hookups, and balconies.

The roof is approximately 15 years old, and two condensers were replaced 2-4 years ago. One furnace is about 4 years old, and the water heaters are 5-8 years old. The property boasts a large lot, a fenced yard, and ample off-street parking. The owner covers trash, maintenance, and lawn/snow removal, while tenants are responsible for electric, sewer, and water bills.

Situated in a quiet residential area, the building is close to shopping, the Arnold Recreational Complex, and more. The seller self-manages and maintains the property.