Building Description
Executive Summary
Exceptional opportunity to own residential building with stable, long term revenue. Situated on large 38,482 SQFT lot with private pool. Two story building with comfortable 21,671 SQFT living space; consist of 9 large two Bedroom units and 15 one bedroom units. 100% Occupied with long term tenants and owner managed. Each unit have it assigned parking space and some quest parking too, total 36 spaces. Onsite 2 washers and Dryers for the additional income to the
Landlord. Few units updated. Room for improvement and potentially rent void be increased. Owner have plans that show possibility to add 4 additional one bedroom units. Plenty of storage space(4) including 'shop'/office. One bathroom in common area. Property located little west of 441. Please do not disturb the Tenants, visits by appointment with Siru Andelin, .
Approved Uses by Zoning — Medium Density Residential-4 (RM4)
Uses permitted by right under the municipality’s zoning for this district. The property may carry additional restrictions (deed, association or lease), so tenants are responsible for confirming their intended use with the municipality and landlord before committing.
Allowed by right
Duplex, Triplex and quadruplex, Townhouses, Apartments, Group homes (P*, Sec. 405.5.4), Assisted living facilities (P*, Sec. 405.5.4), Adult family care homes (P*, Sec. 405.5.4), Urban farms (P*), Urban gardens (P*), Community gardens (P*), Cottage food operators (P*), Bed & breakfast (P*, Sec. 405.11), Vacation homes and short-term rentals (P*, Sec. 405.11), Live-work (P*, Sec. 405.11), Micro-unit (P*, only as affordable/attainable/workforce housing, max 25%; Sec. 405.11.4), Single family dwelling (only within the unrecorded subdivision of Tropical Valley)
With special approval
Parks (public) (C*), K-12 public, private and charter schools (C*, Sec. 405.24), Libraries (C*), Public utilities, Government administrative offices, Emergency management facilities (limited to Police and Fire Rescue facilities)
Read the full RM4 zoning guide ›