St. Catherine and Veronica Place 2 biens | Immeuble residentiel | Florissant, MO

St. Catherine Apartments and Veronica Place Apartments, located in Florissant, Missouri, are being offered for sale either individually or as a portfolio. St. Catherine comprises 86 one- and two-bedroom units built in 1989, while Veronica Place consists of 79 one- and two-bedroom units built in 1980. Both properties operate as market-rate, independent living communities for residents aged 55 and older. The assets are stabilized and fully leased, with waiting lists for one-bedroom units at both locations. Recent capital improvements include significant investments in HVAC systems, common area upgrades, and unit renovations. St. Catherine has transitioned away from an optional food service program, resulting in cost savings and increased leasing velocity. Both properties are offered free and clear of existing debt, allowing flexibility in financing. The properties are located within two miles of each other and currently share a management team for operational efficiency. The North County submarket, where the properties are situated, is experiencing positive economic indicators, including employment growth and increased median household income, supporting strong rental demand.