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.

 

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