1515 Furnari ST Active Save Request In-Person Tour Request Virtual Tour
Cocoa,FL 32922
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,425 sqft
Price per Sqft $421
Subdivision Royal Subd
MLS Listing ID 1058284
Bedrooms 6
HOA Y/N No
Total Fin. Sqft 1425
Year Built 2025
Annual Tax Amount $166
Tax Year 2023
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Duplex
Source Space Coast MLS (Space Coast Association of REALTORS®)
Property Description
This newly constructed duplex, built in 2025, offers 1,425 square feet per unit for a total of 2,910 square feet. Featuring three bedrooms, two bathrooms, and a one-car garage in each unit, the property has never been lived in and comes complete with a refrigerator and stove. Opportunities like this are rare in the area. The duplex 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 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. The building and developing plans are included with the purchase of this package.
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 Tile
Furnishings Unfurnished
Appliance Electric Range,Refrigerator
Exterior
Exterior Feature Other
Parking Features Garage,On Street,Other
Garage Spaces 1.0
Utilities Available Electricity Connected,Other,Separate Electric Meters
Roof Type Shingle
Present Use Multi-Family,Residential
Street Surface Asphalt,Dirt,Paved
Garage Yes
Private Pool No
Building
Faces North
Story 1
Sewer Septic Tank
Water Public
Level or Stories One
New Construction Yes
Schools
Elementary Schools Cambridge
High Schools Cocoa
Others
Senior Community No
Tax ID 24-36-20-60-00000.0-0003.00
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Corporate Owned,Standard
Virtual Tour https://www.propertypanorama.com/instaview/spc/1058284