Prime Multifamily Investment Opportunity in Rockledge - Just a Short Walk to Cocoa Village!
This fully occupied, income-generating property offers an excellent investment opportunity with two buildings on one lot, totaling 20 units. Located in the highly desirable Rockledge area, just a short walk to the vibrant Cocoa Village, this property is highly sought after by tenants and investors alike.
The complex consists of a 16-unit building and a 4-unit building, with a mix of unit types: 8 studio apartments, 10 1-bedroom/1-bath units, and 2 spacious 2-bedroom/1-bath units. These well-maintained units cater to a variety of tenants, ensuring consistent demand and reliable income. The property also boasts ample parking, on-site coin laundry, a storage shed, and welcoming common areas with balconies and seating.
Completely refurbished in 2008 and with a new roof installed on both buildings in 2023, this property has been meticulously cared for. The strong rental demand in this desirable location makes it an outstanding addition to any real estate portfolio.
Don't miss out on this incredible opportunity to own a thriving multifamily complex in one of Brevard County's most charming neighborhoods!
For sale
$2,000,000
16 South St, Rockledge, FL 32955
22beds
8,200sqft
Est.:
Multi Family
Built in 1925
-- sqft lot
$-- Zestimate®
$244/sqft
$-- HOA
What's special
Ample parkingWelcoming common areasOn-site coin laundryWell-maintained units
- 108 days
- on Zillow |
- 446 |
- 31 |
Zillow last checked: 7 hours ago
Listing updated: May 03, 2025 at 07:33am
Listed by:
Brandon Phillips 321-543-1374,
Blue Marlin Real Estate
Source: Space Coast AOR,MLS#: 1039226
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 22
- Bathrooms: 20
- Full bathrooms: 20
Heating
- Varies by Unit
Cooling
- Wall/Window Unit(s), Split System, Individual
Appliances
- Laundry: Common Area
Features
- Has fireplace: No
Interior area
- Total structure area: 8,600
- Total interior livable area: 8,200 sqft
Video & virtual tour
Property
Features
- Stories: 2
Lot
- Size: 0.36 Acres
Details
- Additional structures: Shed(s)
- Additional parcels included: 2426419
- Parcel number: 2436338100000.00063.00
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Roof: Shingle
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters
Community & HOA
Community
- Subdivision: Derbys Addn To Cocoa
HOA
- Has HOA: No
Location
- Region: Rockledge
Financial & listing details
- Price per square foot: $244/sqft
- Annual tax amount: $16,138
- Date on market: 5/3/2025
- Listing terms: Cash,Conventional,Owner May Carry,Private Financing Available,Other
- Income includes: Rent Only
- Road surface type: Paved
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