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$2,000,000
28 Days On Site

16 South Street
Rockledge, FL 32955

For Sale|Multi Family|Active
22
Beds
20
Full Baths
0
Partial Baths
8,200
SqFt
$244
/SqFt
1925
Built
Subdivision:
Derbys Addn To Cocoa
County:
Brevard
Call Now: (321) 543-1187
Is this the home for you? We can help make it yours.
(321) 543-1187
16 South Street16 South Street16 South Street16 South Street
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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!

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Listing Snapshot
Price 
$2,000,000
Days On Site 
28 Days
Bedrooms 
22
Inside Area (SqFt) 
8,200 sqft
Total Baths 
20
Full Baths 
20
Partial Baths 
N/A
Lot Size 
0.36 Acres
Year Built 
1925
MLS® Number 
1039226
Status 
Active
Property Tax 
$16,138.1
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
4 weeks agoListing first seen on site
4 weeks agoListing updated with changes from the MLS®
General Features
Acres 
0.36
Additional Property Use 
Multi-Family
Direction Faces 
West
Number Of Stories 
2
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
8600
Utilities 
Electricity ConnectedSewer ConnectedWater Connected
Water Source 
Public
Interior Features
Cooling 
Wall/Window Unit(s)
Heating 
Varies by Unit
Laundry Features 
Common Area
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Exterior Features
Construction Details 
Frame
Other Structures 
Shed(s)
Road Frontage 
City Street
Roof 
Shingle
Community Features
Financing Terms Available 
CashConventionalOwner May CarryPrivate Financing Available
MLS Area 
213 - Mainland E of US 1
Roads 
Paved
Schools
School District
Unknown
Elementary School
Tropical
Middle School
McNair
High School
Rockledge
Listing courtesy of Blue Marlin Real Estate

The data relating to real estate shown on this website comes in part from the Internet Data Exchange (IDX) program of Space Coast Association of REALTORS®, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data is deemed reliable but is not guaranteed accurate.

Neighborhood & Commute
Source: Walkscore
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