About 16 South Street
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!
Features of 16 South Street
| MLS® # | 1039226 |
|---|---|
| Price | $1,950,000 |
| Bedrooms | 22 |
| Bathrooms | 20.00 |
| Full Baths | 20 |
| Square Footage | 8,200 |
| Acres | 0.36 |
| Year Built | 1925 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 16 South Street |
|---|---|
| Area | 213 - Mainland E of US 1 |
| Subdivision | Derbys Addn To Cocoa |
| City | Rockledge |
| County | Brevard |
| State | FL |
| Zip Code | 32955 |
Amenities
| Utilities | Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Varies by Unit |
|---|---|
| Cooling | Wall/Window Unit(s), Split System, Individual |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Exterior | Frame |
|---|---|
| Roof | Shingle |
| Construction | Frame |
School Information
| Elementary | Tropical |
|---|---|
| Middle | McNair |
| High | Rockledge |
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Blue Marlin Real Estate |
|---|