1424 Furnari ST new Save Request In-Person Tour Request Virtual Tour
Cocoa,FL 32922
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Royal Subd
MLS Listing ID 1058291
HOA Y/N No
Annual Tax Amount $166
Tax Year 2023
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Unimproved Land
Source Space Coast MLS (Space Coast Association of REALTORS®)
Property Description
Prime vacant residential land, fully zoned and platted for multi-family development. This ready-to-build property offers an excellent opportunity for investors or developers to create new housing in a growing area. With zoning already in place, the groundwork is set for a smooth development process, making this an ideal site for multi-unit residences. The Vacant land is part of a larger package deal, with the seller offering all properties for $4,500,000. Currently, one tri-plex is generating $2,200 per month in rental income, while the duplex is listed at $2,500 per month per unit. All 10 lots are zoned for multi-family use (R-2 / 250), and the north side of Furnari Street has already been filled and prepped for development. With septic, a new owner can build 28 units, and with sewer, the potential increases to 46 units. The road is county-owned and scheduled to be paved, representing an added value of approximately $750,000. Waterlines are already in place, and key permits from DOT,
Location
State FL
County Brevard
Area 212 - Cocoa - West Of Us 1
Direction From I925 & 520 Turn right onto FL-520 E/W King St Turn left onto Clearlake Rd Turn right onto Furnari St
Exterior
Exterior Feature ExteriorFeatures
Utilities Available Cable Available,Electricity Available,Sewer Available,Water Available,Other
Present Use Unimproved,Other
Street Surface Asphalt,Dirt,Paved
Road Frontage Unimproved,Other
Garage No
Building
Lot Description Cleared,Cul-De-Sac,Other
Sewer Unknown
Water Public,Other
Schools
Elementary Schools Cambridge
High Schools Cocoa
Others
Senior Community No
Tax ID 24-36-20-60-00000.0-0009.00
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Special Listing Condition Corporate Owned,Standard
Virtual Tour https://www.propertypanorama.com/instaview/spc/1058291