$2,000,000
PENDING

16 South St Rockledge, FL 32955

Estimated payment $12,508/month

Total Views 2,795
22 Beds
20 Baths
8,200 Sq Ft
$244 Price per Sq Ft

Highlights

  • No HOA
  • Mini Split Air Conditioners
  • Laundry Facilities
  • Rockledge Senior High School Rated A-
  • Shed
  • West Facing Home

About This Home

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 Agent

Brandon Phillips

Blue Marlin Real Estate License #3473138

Blue Marlin Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,138

Year Built

  • Built in 1925

Lot Details

  • 0.36 Acre Lot
  • West Facing Home

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 8,200 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 22 Bedrooms
  • 20 Full Bathrooms

Outdoor Features

  • Shed

Schools

  • Tropical Elementary School
  • Mcnair Middle School
  • Rockledge High School

Utilities

  • Mini Split Air Conditioners
  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 24-36-33-81-00000.0-0063.00
  • Seller Concessions Not Offered

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 20 Units
  • Derbys Addn To Cocoa Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Gross Income $189,600
  • Net Operating Income $144,670

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,138

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1925
  • Reso Property Sub Type: Multi Family
  • ResoLaundryFeatures: Common Area
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Derbys Addn To Cocoa
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Reso Other Structures: Shed(s)
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Laundry Features Common Area2: Yes
  • General Property Information:Pool Private YN: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 20
  • Total Bedrooms: 22
  • Stories: 2
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Roof: Shingle
  • Acres: 0.36
  • Pool Private: No
  • Construction Type: Frame
  • Direction Faces: West
  • Construction Materials:Frame: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Cooling: Wall/Window Unit(s), Split System, Individual
  • Utilities: Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters
  • Heating: Varies by Unit
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Varies by Unit2: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: McNair

Lot Info

  • Current Use: Multi-Family
  • Lot Size Sq Ft: 15682.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2426419
  • Parcel #: 24-36-33-81-00000.0-0063.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 16138.1

Multi Family

  • Number Of Units Total: 20
  • Annual Gross Income: 189600.0
  • Income Includes: ["Rent Only"]
  • Income And Expenses Net Operating Income: 144670.0

MLS Schools

  • Elementary School: Tropical
  • High School: Rockledge

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2025 04/10/25 Pending -- -- --
03/06/2025 03/06/25 For Sale $2,000,000 -- $244 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 1039226

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-36-33-81-00000.0-0063.00

Florida Brevard County Rockledge 32922

16 South St, Rockledge, FL

Homes for Sale in Rockledge, FL

This home is located at 16 South St, Rockledge, FL 32955 and is currently priced at $2,000,000, approximately $243 per square foot. This property was built in 1925. 16 South St is a home located in Brevard County with nearby schools including Tropical Elementary School, Ronald McNair Magnet Middle School, and Rockledge Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Space Coast MLS (Space Coast Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Listing Agent
Brandon Phillips
Section Image
Blue Marlin Real Estate
(321) 257-9451