1. Florida
  2. Rockledge
  3. 16 South Street
$2,000,000

16 South Street, Rockledge, FL 32955

  • 22 beds |
  • 20 baths |
  • 8,200 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1925
  • Property Lot Size Icon0.36acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $244/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

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!

Listing Status:
Active
Date Added:
May 3, 2025 at 05:00AM
Listing Office:
Blue Marlin Real Estate : 321-877-2902
Listing Agent:
Brandon Phillips : 321-543-1374
MLS ID:
1039226
  • Laundry: Common Area
  • A/C: Wall/Window Unit(s)Split SystemIndividual
  • Heating: Varies by Unit

This listing courtesy of Brandon Phillips, Blue Marlin Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

T

Tropical Elementary School

885 S Courtenay Pkwy, Merritt Island, FL, 32952

Grades KG-6

1.88 miles away

R

Ronald McNair Magnet School

1 Challenger Dr, Rockledge, FL, 32955

Grades 7-8

0.76 miles away

R

Rockledge High School

220 Rockledge Ave, Rockledge, FL, 32955

Grades 9-12

0.67 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.