Homes for sale - 1523 Furnari ST, Cocoa, FL 32922

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,130 sqft

Price per Sqft $141

Subdivision Royal Subd

MLS Listing ID 1058282

Bedrooms 9

HOA Y/N No

Total Fin. Sqft 4130

Year Built 2006

Annual Tax Amount $5,428

Tax Year 2023

Lot Size 0.370 Acres

Acres 0.37

Lot Dimensions .37

Property Sub-Type Triplex

Source Space Coast MLS (Space Coast Association of REALTORS®)

Property Description

This tri-plex, built in 2006, offers a total base area of 4,130 square feet, averaging approximately 1,376 square feet per unit. Each of the three units features three bedrooms and two bathrooms. The property is currently generating $2,200 per month in rental income. Two of the units are occupied by long-term tenants, one of whom has lived there for 14 years and the other for 3 years, providing a stable rental history. The Tri-plex is part of a larger package deal, with the seller offering all properties for $4,500,000. Currently, one tri-plex is generating $4,400 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, Cocoa City, and the county have been secured. This is a unique investment opportunity in a rapidly growing area, and the photos truly speak for themselves. The total sale includes one tri-plex, one duplex, and ten lots that are prepped and ready for multi-family development.

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

Interior

Heating Central,Electric

Cooling Central Air,Electric

Flooring Carpet,Laminate,Other

Furnishings Unfurnished

Appliance Electric Range,Refrigerator

Exterior

Exterior Feature ExteriorFeatures

Parking Features Additional Parking,On Street,Parking Lot

Utilities Available Cable Available,Electricity Available,Electricity Connected,Water Available,Separate Electric Meters,Separate Water Meters

Roof Type Shingle

Present Use Multi-Family,Residential,Retail

Street Surface Asphalt,Dirt,Paved

Road Frontage Private Road,Other

Garage No

Private Pool No

Building

Faces North

Story 1

Sewer Septic Tank

Water Public

New Construction No

Schools

Elementary Schools Cambridge

High Schools Cocoa

Others

Senior Community No

Tax ID 24-36-20-60-00000.0-0002.00

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Special Listing Condition Corporate Owned

Virtual Tour https://www.propertypanorama.com/instaview/spc/1058282