1523 Furnari Street, Cocoa, FL 32922

$585,000
Property Type: Residential Income Bedrooms: 9 Square Footage: 4,130 Lot Size (sq. ft.): 16,117 Status: Active
Current Price: $585,000 List Date: 9/29/2025 Last Modified: 10/08/2025

Description

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

Supplements: $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.

More Information MLS# 1058282

Contract Information

Comp Sale YN: No Current Price: $585,000 Original List Price: 585000 List Price: $585,000 Status: Active Listing Contract Date: 2025-09-29 Property Sub Type: Triplex

Location, Tax, and Legal

Tax Account: 2416847 Parcel Number: 24-36-20-60-00000.0-0002.00 General County Location: Central Elementary School: Cambridge Middle School: Cocoa High School: Cocoa Tax Annual Amount: 5428.13 Tax Year: 2023 Zoning Description: Multi Family Directions: From I925 & 520 Turn right onto FL-520 E/W King St Turn left onto Clearlake Rd Turn right onto Furnari St

General Property Information

Number Of Buildings: 1 Number Of Units Total: 3 Stories Total: 1 Bathrooms Half: 0 Living Area: 4130 Living Area Source: Public Records Lot Size Acres: 0.37 Lot Size Dimensions: .37 Lot Size Square Feet: 16117 Accessibility Features YN: No Association YN: No New Construction YN: No Garage YN: No Carport YN: No Waterfront YN: No Parking Total: 9 Senior Community YN: No CDD Fee YN: No Water Body Access YN: No Furnished: Unfurnished Stories: 1 Entry Level: 1 Direction Faces: North Pool Private YN: No List Price/SqFt: 141.65 Bedrooms Total: 9 Year Built: 2006

Remarks and Miscellaneous

Public Remarks: 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

Appliances

Electric Range: 1 Refrigerator: 1

Construction Materials

Brick: 1 Other: 1

Cooling

Central Air: 1 Electric: 1

Current Use

Multi-Family: 1 Residential: 1 Retail: 1

DPR Eligible

DPR Eligible: Yes

Flooring

Carpet: 1 Laminate: 1 Other: 1

Heating

Central: 1 Electric: 1

Listing Terms

Cash: 1 Conventional: 1

Parking Features

Additional Parking: 1 On Street: 1 Parking Lot: 1

Possession

Close Of Escrow: 1

Owner Pays

Taxes: 1 Trash Collection: 1

Road Frontage Type

Private Road: 1 Other: 1

Road Surface Type

Asphalt: 1 Dirt: 1 Paved: 1

Roof

Shingle: 1

Sewer

Septic Tank: 1

Special Listing Conditions

Corporate Owned: 1

Tenant Pays

Cable TV: 1 Electricity: 1 Pest Control: 1 Repairs: 1 Telephone: 1 Water: 1

Unit 1 Details

Unit ID: 1523 Actual Rent: 2200 Unit SqFt: 1376 Beds Total: 3 Furnished: Unfurnished Unit Remarks: Occupied

Unit 2 Details

Unit ID: 1525 Actual Rent: 0 Unit SqFt: 1376 Beds Total: 3 Furnished: Unfurnished Unit Remarks: Un- Occupied

Unit 3 Details

Unit ID: 1527 Actual Rent: 2200 Unit SqFt: 1376 Beds Total: 3 Furnished: Unfurnished Unit Remarks: Occupied

Utilities

Cable Available: 1 Electricity Available: 1 Electricity Connected: 1 Separate Electric Meters: 1 Separate Water Meters: 1 Water Available: 1

Water Source

Public: 1

Location Tax and Legal

Street Number: 1523 Street Name: Furnari Street Suffix: Street County: Brevard State: FL Postal Code: 32922 MLS Area Major: 212 - Cocoa - West of US 1 Subdivision Name: Royal Subd

Status Change Information

Major Change Timestamp: 2025-09-28T22:21:51Z Major Change Type: New Listing Status Change Timestamp: 2025-09-28

Property Features

Appliances: Electric Range; Refrigerator Construction Materials: Brick; Other Cooling: Central Air; Electric Current Use: Multi-Family; Residential; Retail Flooring: Carpet; Laminate; Other Heating: Central; Electric Listing Terms: Cash; Conventional Owner Pays: Taxes; Trash Collection Parking Features: Additional Parking; On Street; Parking Lot Possession: Close Of Escrow Road Frontage Type: Private Road; Other Road Surface Type: Asphalt; Dirt; Paved Roof: Shingle Sewer: Septic Tank Special Listing Conditions: Corporate Owned Tenant Pays: Cable TV; Electricity; Pest Control; Repairs; Telephone; Water Utilities: Cable Available; Electricity Available; Electricity Connected; Separate Electric Meters; Separate Water Meters; Water Available Water Source: Public
Listing Office: Bryan's R.E.& Int'l Consulting
Last Updated: October - 08 - 2025
Information is deemed to be reliable, but is not guaranteed.

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