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!