Building Description
Executive Summary
Fantastic Find In The Heart Of Coral Springs! This 7-Unit Property Sits On Nearly Half An Acre And Offers A Prime Corner-Lot Location. The Property Consists Of One Spacious 3 Bedroom, 2.5 Bath Townhome, Four 3 Bedroom, 2-Bath Units, And Two - 2 Bedroom, 2-Bath Units. Current Rents Are Well Below Market, Creating Tremendous Upside Potential. Every Unit Includes Washer And Dryer, A Private Patio Or Balcony, And Separate Electric Meter, Helping Maximize Rental Income. Projected Annual Gross Income Is $240,000, With Total Estimated Annual Expenses Of $68,389. Estimated Expenses Include Landscaping Of $4,800, Insurance Of $12,000, Water Of $5,400, And Electric Of $1,560. All Information Is Believed To Be Accurate But Is Not Guaranteed.
Approved Uses by Zoning — Medium Density Multiple-Family (RM-20 - Residential Multi-Family)
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
Multiple dwellings, Any use permitted in an RD or RC District, subject to that district's limitations (RD-8 Sec. 250297: one-family detached dwellings; single-family attached/semiattached dwellings in clusters of no more than two (up to three clusters/six units per Sec. 250308); RS districts: one-family detached dwelling and parks/recreational areas under 5 acres not operated for profit; RC-6: two or more detached one-family dwellings), Business related parking (Article VII, subject to limits on business related parking), Townhouses (per requirements elsewhere in the chapter), Certain community residences, recovery communities and congregate living facilities per Sec. 250152 / Table A (congregate living facilities within the Sec. 250152(3)(b) spacing distance require conditional use approval), Zero lot line dwellings (Sec. 250148)
With special approval
Nursery schools or child care centers, and public or private elementary, junior and senior high schools (buildings >= 30 ft from any R zoned lands; child care needs a fenced secure play lot, fence >= 5 ft; play lots within 50 ft of plot line screened by opaque fence/wall or hedge >= 5 ft), Places of worship, Community facilities
Read the full RM-20 - Residential Multi-Family zoning guide ›
