1523 Furnari Street, Cocoa, FL 32922

Property Details:

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

This listing is courtesy of Bryan's R.E.& Int'l Consulting. Property Listing Data contained within this site is the property of Brevard MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.