Active
16 South Street
Rockledge FL, 32955
$2,000,000
$243.90 per sqft
Active
22 Beds
20 Baths
8,200 sqft
Multi-family
Built in 1925
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!
1039226
MLSⓇ ID
March 6, 2025
Listed
March 6, 2025
Updated
Interior Features
Total Stories
2
Bedrooms
22
Total Bathrooms
20
Full Bathrooms
20
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s), Split System, Individual
Heating
Yes
Heating Description
Varies by Unit
Exterior/Building Features
Lot Size
0.36 Acres
Roof
Shingle
Sewer
Public Sewer
School Information
High School
Rockledge
Elementary School
Tropical
Other Property Details
Area Name
213 - Mainland E of US 1
Taxes
$16,138
Tax Frequency
Annually
Garage
No
View
No
County
Brevard
Water Source
Public
Pool
No
Utilities
Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters
Courtesy of Blue Marlin Real Estate, Brandon Phillips,
Listing Contact: 321-877-2902
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kevin Hill shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2025 FL - MLS of South Brevard & the Space Coast Association of REALTORS (SPACE). All rights reserved.