16 South Street, Rockledge, FL 32955

$1,950,000

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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.Dont miss out on this incredible opportunity to own a thriving multifamily complex in one of Brevard Countys most charming neighborhoods!

16 South Street | MLS# 1039226

This multi-family property located at 16 South Street, Rockledge, FL 32955 is currently listed for sale with an asking price of $1,950,000. Search Rockledge real estate on www.watsonrealtycorp.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s), Split System, Individual
Heating: Varies by Unit
Lot Size: 0.36 Acres
Roof Type: Shingle
Year Built: 1925
Square Feet: 8,600

Feature Descriptions

Days on Site: 363
Exterior: Frame
Road Surface: Paved
Sewer: Public Sewer
Utility Features: Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters
Water: Public

Local Schools

High School: Rockledge
Middle School: McNair
Elementary School: Tropical

Listed By / Shown By

Listed By

Agency Name: Blue Marlin Real Estate
Agency Phone: 321-877-2902

Shown By

Agency Title: Watson Realty Corp., REALTORS ®
Agency Phone: (866) 243-8193

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Estimated Payment

$ 9,971.94 per month $9,403.19 Principal & Interest $0.00 Property Tax (data not provided by mls) $568.75 Homeowner's Insurance

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