$4,500,000
Cocoa, FL 32922
MLS# 1058389
10 baths
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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,
Details
Maps
Documents
Location, Tax, and Legal
Tax Account: 2416853
Parcel Number: 24-36-20-60-00000.0-0008.00
General County Location: Central
Tax Annual Amount: 320.25
Tax Year: 2023
Additional Parcels YN: Yes
Additional Parcels Description: 1- duplex, 1- triplex, 10 multi unit family lots
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 Units Total: 15
Stories Total: 1
Building Area Total: 6980
Building Area Source: Owner
Lot Size Acres: 0.57
Association YN: No
Water Body Access YN: No
Land Lease YN: No
Senior Community YN: No
List Price/SqFt: 644.7
Bathrooms Total: 10
Year Built: 2006
Remarks and Miscellaneous
Public Remarks: 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,
Construction Materials
Concrete: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Current Use
Multi-Family: 1
Residential: 1
Unimproved: 1
Flooring
Tile: 1
Heating
Central: 1
Electric: 1
Lot Features
Cleared: 1
Cul-De-Sac: 1
Wooded: 1
Parking Features
Additional Parking: 1
Garage: 1
On Street: 1
Parking Lot: 1
Possession
Close Of Escrow: 1
Roof
Shingle: 1
Sewer
Septic Tank: 1
Unknown: 1
Special Listing Conditions
Corporate Owned: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Telephone: 1
Water: 1
Unit 1 Details
Unit ID: 1523
Annual Rent: 26400
Unit SqFt: 1326
# Units (This Type): 3
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: 1 of 3 in this tri plex
Unit 2 Details
Unit ID: 1525
Annual Rent: 0
Unit SqFt: 1326
# Units (This Type): 3
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: 1 of 3 in this tri plex
Unit 3 Details
Unit ID: 1527
Annual Rent: 26400
Unit SqFt: 1326
# Units (This Type): 3
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: 1 of 3 in this tri plex
Unit 4 Details
Unit ID: 1515
Annual Rent: 0
Unit SqFt: 1425
# Units (This Type): 2
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: 1 of 2 in this duplex
Unit 5 Details
Unit ID: 1517
Annual Rent: 0
Unit SqFt: 1425
# Units (This Type): 2
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: 1 of 2 in this duplex
Unit 6 Details
Unit ID: 00
Annual Rent: 0
Unit SqFt: 0
Furnished: Unfurnished
Unit Remarks: NA
Unit 7 Details
Unit ID: 0
Annual Rent: 0
Unit SqFt: 0
Furnished: Unfurnished
Unit Remarks: NA
Unit 8 Details
Unit ID: 0
Annual Rent: 0
Unit SqFt: 0
Furnished: Unfurnished
Unit Remarks: NA
Utilities
Cable Available: 1
Electricity Available: 1
Electricity Connected: 1
Separate Electric Meters: 1
Separate Water Meters: 1
Water Available: 1
Water Connected: 1
Water Source
Public: 1
Other: 1
Showing Requirements
Lockbox: 1
No Sign: 1
Sale Includes
Building & Land: 1
Contract Information
Current Price: $4,500,000
Original List Price: 4500000
List Price: $4,500,000
Status: Active
Listing Contract Date: 2025-09-30
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 000
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: 2025-09-30T13:02:44Z
Major Change Type: New Listing
Status Change Timestamp: 2025-09-30
Property Features
Construction Materials: Concrete
Cooling: Ceiling Fan(s); Central Air
Current Use: Multi-Family; Residential; Unimproved
Flooring: Tile
Heating: Central; Electric
Lot Features: Cleared; Cul-De-Sac; Wooded
Parking Features: Additional Parking; Garage; On Street; Parking Lot
Possession: Close Of Escrow
Roof: Shingle
Sale Includes: Building & Land
Sewer: Septic Tank; Unknown
Showing Requirements: Lockbox; No Sign
Special Listing Conditions: Corporate Owned
Tenant Pays: Cable TV; Electricity; Telephone; Water
Utilities: Cable Available; Electricity Available; Electricity Connected; Separate Electric Meters; Separate Water Meters; Water Available; Water Connected
Water Source: Public; Other
Supplements
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 Details 
Listing Office: Bryan's R.E.& Int'l Consulting
Last Updated: December - 10 - 2025
Information is deemed to be reliable, but is not guaranteed.