1514 Furnari Street, Cocoa, FL 32922

Local realty services provided by:Better Homes and Gardens Real Estate Star
1514 Furnari Street,Cocoa, FL 32922
$294,800
  • 0.26 Acres
  • Lots / Land
  • Active
Listed by: paul bryan
Office: bryan's r.e.& int'l consulting
MLS#:1058295
Source:FL_SPACE

Price summary

  • Price:$294,800

About this home

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,

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Home facts

  • Listing ID #:1058295
  • Added:94 day(s) ago

Structure and exterior

  • Lot area:0.26 Acres

Schools

  • High school:Cocoa
  • Middle school:Cocoa
  • Elementary school:Cambridge

Utilities

  • Sewer:Sewer Available

Finances and disclosures

  • Price:$294,800
  • Tax amount:$187 (2023)
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