UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,200 sqft
Price per Sqft $237
Subdivision Derbys Addn To Cocoa
MLS Listing ID 1039226
Bedrooms 22
Full Baths 20
HOA Y/N No
Total Fin. Sqft 8200
Year Built 1925
Annual Tax Amount $16,138
Tax Year 2024
Lot Size 0.360 Acres
Acres 0.36
Property Sub-Type Multi Family
Source Space Coast MLS (Space Coast Association of REALTORS®)
Land Area 8600
Property Description
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!
Location
State FL
County Brevard
Area 213 - Mainland E Of Us 1
Direction 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.
Interior
Heating Varies by Unit
Cooling Wall/Window Unit(s), Split System, Individual
Laundry Common Area
Exterior
Exterior Feature ExteriorFeatures
Utilities Available Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters
Roof Type Shingle
Present Use Multi-Family
Street Surface Paved
Road Frontage City Street
Garage No
Private Pool No
Building
Faces West
Story 2
Sewer Public Sewer
Water Public
Additional Building Shed(s)
New Construction No
Schools
Elementary Schools Tropical
High Schools Rockledge
Others
Senior Community No
Tax ID 24-36-33-81-00000.0-0063.00
Acceptable Financing Cash, Conventional, Owner May Carry, Private Financing Available, Other
Listing Terms Cash, Conventional, Owner May Carry, Private Financing Available, Other
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/spc/1039226
Nearby Locations
- 8
Tropical Elementary School
Public | KG - 6
- 8
Lewis Carroll Elementary School
Public | KG - 6
- 7
Hans Christian Anderson Elementary School
Public | KG - 6
- 5
Saturn Elementary School
Public | KG - 6
- 5
Merritt Island High School
Public | PK - 12
- 4
Golfview Elementary School
Public | PK - 6
- 4
MILA Elementary School
Public | PK - 6
- 4
Cambridge Elementary School
Public | KG - 6
- 1
Endeavour Elementary School
Public | KG - 6
- 0
Horace Mann Academy
Public | KG - 12
- 0
Rockledge Christian School
Private | PK - 8
- 0
Educators Inc Private Christian Schools
Private | KG - 12
- 0
St Mary's Catholic School
Private | PK - 8
- 0
Kld Learning Center
Private | KG - 12
- 0
Trinity Lutheran Church & School
Private | PK - 8
- 0
Courtenay Christian School
Private | PK - 12
- 0
Ambassador Christian Academy
Private | 1 - 12
- 0
Hatcher Academy
Private | KG - 11
- 0
Learning Achievement Academy
Private | KG - 5
- 0
Emma Jewel Charter Academy
Public | KG - 8
- 10
Edgewood Jr/Sr High School
Public | 7 - 12
- 7
Thomas Jefferson Middle School
Public | 7 - 8
- 6
John F. Kennedy Middle School
Public | 7 - 8
- 6
Ronald McNair Middle School
Public | 7 - 8
- 3
Cocoa High School
Public | 7 - 12
- 0
North/Central Area Alternative Learning Center
Public | 6 - 12
- 0
Brevard Private Academy
Private | 7 - 12
- 4
Rockledge High School
Public | 9 - 12
- 0
Florida Learning Academy Private School
Private | 9 - 12
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