1523 Furnari Street, Cocoa, FL 32922

Local realty services provided by:Better Homes and Gardens Real Estate Star
1523 Furnari Street,Cocoa, FL 32922
$585,000
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  • 9 Beds
  • - Baths
  • 4,130 sq. ft.
  • Multi-family
  • Active
Listed by: paul bryan
Office: bryan's r.e.& int'l consulting
MLS#:1058282
Source:FL_SPACE

Price summary

  • Price:$585,000
  • Price per sq. ft.:$141.65

About this home

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

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Home facts

  • Year built:2006
  • Listing ID #:1058282
  • Added:45 day(s) ago

Rooms and interior

  • Bedrooms:9
  • Living area:4,130 sq. ft.

Heating and cooling

  • Cooling:Electric
  • Heating:Central, Electric

Structure and exterior

  • Year built:2006
  • Building area:4,130 sq. ft.
  • Lot area:0.37 Acres

Schools

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

Finances and disclosures

  • Price:$585,000
  • Price per sq. ft.:$141.65
  • Tax amount:$5,428 (2023)
Information deemed reliable but not guaranteed. Information is provided, in part, by Brevard MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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