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17 photos
Additional details
$375,000
Est. payment /mo
5,280 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,280 sqft
Price per Sqft $71
Subdivision Meadow Park Apts
MLS Listing ID 26013467
Style Apartment Style,Traditional
Year Built 1963
Annual Tax Amount $4,037
Lot Size 6,899 Sqft
Acres 0.1584
Property Sub-Type 2-4 Units
Property Description
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. This building features 2 bedroom units with 3,536 square feet and features a pitched roof, central heating and cooling, and spacious common areas. The building recently underwent renovations, with approximately $175,000 spent on unit interiors, HVAC, plumbing, electric, and common areas. The basements 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. The Current rents are below market at $999, $900, $895 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. One unit could 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. The four family shares a recorded maintenance agreement with the three fourplexes in the cul-de-sac, covering common areas, landscaping, lawn care, snow removal, parking, and shared electric. Costs are split by unit count, with 2 Bruce responsible for 9.09% of shared costs, with an estimated annual budget of approximately $1,700 annually for the 4 units.
Location
State MO
County St. Louis
Area 48 - Hazelwood West
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Exterior
View Y/N No
Building
Structure Type Brick
Schools
Elementary Schools Mcnair Elem.
Middle Schools Northwest Middle
High Schools Hazelwood West High
School District Hazelwood
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Listing As Is, Standard
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Listed by Jordan Schoen • Invest St. Louis
Nearby School & Business
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