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Multifamily

W Florissant Avenue

5772 W Florissant Ave, St. Louis, MO 63120

Listing Price: $1,250,000

Cap Rate
4.81%
Number of Units
29
Price/Unit
$43,103
Price/Gross SF
$80.12
Gross SF
15,602

Investment Overview

5772-5784 W Florissant Avenue apartments are composed of 29 total units distributed among three, two-story buildings constructed in 1965. The 5772 building has 11 units, four each on the first and second floor on the garden level. The 5780 building contains 10 units, four each on the first and second floor and one on the garden level. The 5784 building contains 8 units, four each on the first and second floor. All twenty-nine (29) units are one-bedroom, one-bathroom style units. On-site laundry is available to all tenants via coin-operated machines. Amenities include available off-street parking and on-site laundry via coin-operated machines located in the garden level of each property. Tenants also have access to additional storage within each building. Owners will enjoy an on-site office, security cameras and ample storage and work space. Located just east of Interstate 70, residents of the W Florissant Apartments enjoy convenient access to all the Saint Louis region has to offer. Two-miles south of the property is the picturesque O'Fallon park. Downtown Saint Louis (including Busch Stadium, the Enterprise Center and the Saint Louis Aquarium), Forest Park, and Saint Louis Lambert International Airport are all accessible within a 15-minute drive.

Investment Highlights

  • Opportunity to drive rent growth with modest investments and active management.
  • Potential to generate additional revenue growth through implementation of RUBS program.
  • Historically high occupancy.

Exclusively Listed By

Listing Price: $1,250,000

Cap Rate
4.81%
Number of Units
29
Price/Unit
$43,103
Price/Gross SF
$80.12
Gross SF
15,602

Investment Highlights

  • Opportunity to drive rent growth with modest investments and active management.
  • Potential to generate additional revenue growth through implementation of RUBS program.
  • Historically high occupancy.

Investment Overview

5772-5784 W Florissant Avenue apartments are composed of 29 total units distributed among three, two-story buildings constructed in 1965. The 5772 building has 11 units, four each on the first and second floor on the garden level. The 5780 building contains 10 units, four each on the first and second floor and one on the garden level. The 5784 building contains 8 units, four each on the first and second floor. All twenty-nine (29) units are one-bedroom, one-bathroom style units. On-site laundry is available to all tenants via coin-operated machines. Amenities include available off-street parking and on-site laundry via coin-operated machines located in the garden level of each property. Tenants also have access to additional storage within each building. Owners will enjoy an on-site office, security cameras and ample storage and work space. Located just east of Interstate 70, residents of the W Florissant Apartments enjoy convenient access to all the Saint Louis region has to offer. Two-miles south of the property is the picturesque O'Fallon park. Downtown Saint Louis (including Busch Stadium, the Enterprise Center and the Saint Louis Aquarium), Forest Park, and Saint Louis Lambert International Airport are all accessible within a 15-minute drive.

Exclusively Listed By

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