$1,950,000
Rockledge, FL 32955
MLS# 1039226
22 beds | 20 baths | 8600 sqft
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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.
Details
Maps
Documents
Location, Tax, and Legal
Tax Account: 2426419
Parcel Number: 24-36-33-81-00000.0-0063.00
General County Location: Central
Elementary School: Tropical
Middle School: McNair
High School: Rockledge
Tax Annual Amount: 16138.1
Tax Year: 2024
Tax Legal Description: DERBYS ADDN TO COCOA LOTS 63, 64
Directions: From US1/Rosa L. Jones Dr, head east on Rosa L. Jones, make a slight right on to Oak St, turn south on South St. and arrive at property on the left.
General Property Information
Number Of Buildings: 2
Number Of Units Total: 20
Stories Total: 2
Bathrooms Half: 0
Living Area: 8200
Living Area Source: Public Records
Building Area Total: 8600
Lot Size Acres: 0.36
Lot Size Square Feet: 15682
Association YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Senior Community YN: No
Water Body Access YN: No
Stories: 2
Direction Faces: West
Pool Private YN: No
List Price/SqFt: 237.8
Bedrooms Total: 22
Bathrooms Total: 20
Bathrooms Full: 20
Year Built: 1925
Remarks and Miscellaneous
Public Remarks: 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.
Closing Company Details
Closing Company Name: Dockside Title Merritt Island
Closing Company Address: 380 S Courtenay Pkwy, Merritt Island, FL 32952
Construction Materials
Frame: 1
Cooling
Individual: 1
Split System: 1
Wall/Window Unit(s): 1
Current Use
Multi-Family: 1
Heating
Varies by Unit: 1
Laundry Features
Common Area: 1
Listing Terms
Cash: 1
Conventional: 1
Owner May Carry: 1
Private Financing Available: 1
Other: 1
Other Structures
Shed(s): 1
Possession
Close Of Escrow: 1
Financial Data Source
Owner: 1
Income and Expenses
Gross Income: 189600
Net Operating Income: 144670
Income Includes
Rent Only: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Unit 1 Details
Unit ID: 1-2
Actual Rent: 1000
Unit SqFt: 0
Beds Total: 4
Full Baths Total: 20
Furnished: Unfurnished
Unit Remarks: Bldg 16 2 bedroom x 2 units
Unit 2 Details
Unit ID: 2-4
Actual Rent: 900
Unit SqFt: 0
Beds Total: 2
Furnished: Unfurnished
Unit Remarks: Bldg 16 1 bedroom x 2 units
Unit 3 Details
Unit ID: 1-8
Actual Rent: 800
Unit SqFt: 0
Beds Total: 8
Furnished: Unfurnished
Unit Remarks: Bldg 22 8 1 bedroom units
Unit 4 Details
Unit ID: 9-16
Actual Rent: 700
Unit SqFt: 0
Beds Total: 8
Furnished: Unfurnished
Unit Remarks: Bldg 22 8 studio units
Unit 5 Details
Unit ID: 0
Actual Rent: 0
Unit SqFt: 0
Furnished: Unfurnished
Unit Remarks: 0
Unit 6 Details
Unit ID: 0
Actual Rent: 0
Unit SqFt: 0
Furnished: Unfurnished
Unit Remarks: 0
Unit 7 Details
Unit ID: 0
Actual Rent: 0
Unit SqFt: 0
Furnished: Unfurnished
Unit Remarks: 0
Unit 8 Details
Unit ID: 0
Actual Rent: 0
Unit SqFt: 0
Furnished: Unfurnished
Unit Remarks: 0
Utilities
Electricity Connected: 1
Separate Electric Meters: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Showing Requirements
Call Listing Agent: 1
Listing Agent Must Accompany: 1
No Sign: 1
Contract Information
Current Price: $1,950,000
Original List Price: 2000000
List Price: $1,950,000
Status: Active
Listing Contract Date: 2025-03-06
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 16
Street Name: South
Street Suffix: Street
County: Brevard
State: FL
Postal Code: 32955
MLS Area Major: 213 - Mainland E of US 1
Subdivision Name: Derbys Addn To Cocoa
Status Change Information
Major Change Timestamp: 2025-10-16T18:05:15Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-10-16T18:05:15Z
Status Change Timestamp: 2025-05-03
Property Features
Construction Materials: Frame
Cooling: Individual; Split System; Wall/Window Unit(s)
Current Use: Multi-Family
Financial Data Source: Owner
Heating: Varies by Unit
Income Includes: Rent Only
Laundry Features: Common Area
Listing Terms: Cash; Conventional; Owner May Carry; Private Financing Available; Other
Other Structures: Shed(s)
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Shingle
Sewer: Public Sewer
Special Listing Conditions: Standard
Utilities: Electricity Connected; Separate Electric Meters; Sewer Connected; Water Connected
Water Source: Public
Showing Requirements: Call Listing Agent; Listing Agent Must Accompany; No Sign
Supplements
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!
Profit Loss 2024 
Listing Office: Blue Marlin Real Estate
Last Updated: November - 13 - 2025
Information is deemed to be reliable, but is not guaranteed.