FL > Cocoa > Royal Subd
Cocoa, FL 32922,1425 Furnari ST
Cocoa, FL 32922,1425 Furnari ST
Cocoa, FL 32922,1425 Furnari ST
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$294,800
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0.26 Acres Lot
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1425 Furnari ST Cocoa, FL 32922

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Carey Murray

Carey Murray

+1(561) 287-2791

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Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Royal Subd

MLS Listing ID 1058288

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 24-36-20-60-00000.0-0007.00

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition Corporate Owned, Standard

Virtual Tour https://www.propertypanorama.com/instaview/spc/1058288

Space Coast Association of Realtors (Brevard MLS)
Listed by Bryan's R.E.& Int'l Consulting

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Carey Murray

Carey Murray

Broker Associate | License ID: BK488352

+1(561) 287-2791

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1425 Furnari ST