11 Bruce, Florissant, MISSOURI 63031

$759,000
16,758
SqFt
List Price
$759,000
Price Change
▼ $10,000 1563504751
Days on Market
27
MLS#
19046386
Status
ACTIVE
Living Sq. Ft
16,758
Lot Size
22,738
Sq. Ft. Above
16,758
Acres
0.522
Year Built
1964
Age
55
Subdivision
Meadow Park Apts
Municipality
Florissant
County
St Louis
Listing Type
Multifamily

Property Description

11 and 12 Bruce Drive were built in the early 1960's and are being offered together as a 16 unit package. Each Building consists of 8 (1BR 1BA) units, and is fully occupied. Major systems have been updated (plumbing, electric, HVAC) and many of the units have had cosmetic updates (flooring, cabinets, appliances, vanities). The most recent units rented with the cosmetic updates are now fetching $650 rents. The Buildings are structurally sound and have been well maintained (tuckpointing, new windows, routine maintenance of HVAC systems, etc). Each Building has a pitched roof with more than half of its useful life remaining. This neighborhood has dramatically improved in recent years. There are new commercial tenants popping up everywhere (Dunkin Donuts, Regions, Jimmy Johns) and there is even a Schnucks and a Dierbergs within walking distance of the properties. The Buildings sit in a cove with a total of 96 other units (a mix of 4's and 8's). Plenty of opportunity to add more!

Additional Information

Gross Operating Income
101235
Total Expenses
$29,490
School District
Hazelwood
Elementary School
Mccurdy Elem.
Jr. High School
West Middle
Sr. High School
Hazelwood West High
Construction
Brick/Stone Msn Pred
Parking Description
1 Space/Unit, On Street Parking
Cooling
Central-Electric
Sewer
Public
Heating
Forced Air
Water
Public
Heat Source
Gas
Price Per Sq. Ft
45.29
Taxes Paid
11785
Selling Terms
Cash, Conventional, Exchange, FHA, Private, VA

Mortgage Calculator

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Listing courtesy of Realty Executives of St. Louis.

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