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For sale
  • $2,000,000

    16 South St, Rockledge, FL 32955

    22beds
    8,200sqft
    : 
    Multi Family
    Built in 1925
    -- sqft lot
    $-- Zestimate®
    $244/sqft
    $-- HOA

    What's special

    Ample parkingWelcoming common areasOn-site coin laundryWell-maintained units
    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!
    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

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    We’ll find a local expert to take you on a private tour of 16 South St.

    Next available tour time:Today at 11am

    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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