Price: $4,500,000
Furnari StreetCocoa, FL 32922
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0
Square Foot
6,980
Total Sq. Ft.
N/A
Bedrooms
10.00
Full Baths
N/A
½ Baths
2006
Year Built
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,
Exterior Features
N/A
Interior Features:
N/A
Equipment / Appliances:
N/A
Utilities:
N/A
Property Details
Subdivision:
Royal Subd
Tax Amount:
$320
HOA Dues:
$0.00
Furnari Street Cocoa, FL 32922
This listing is courtesy of Bryan's R.E.& Int'l Consulting.
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