Rockledge Villas — Sale in Rockledge, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Rockledge, FL 32955

Photos

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Investment Figures

Cap rate
6.80%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

A 95-unit multifamily community located in Rockledge, Florida. Investment Highlights: • True Value-Add: With a 26% mark-to-market spread in-place rents of $1,339 sit 26% below the $1,688 pro-forma, roughly $398,000 in annualized revenue after units have been renovated • Untapped Utility Recapture: Ownership pays $115,495 in water, sewer, and trash while billing residents nothing; RUBS or a flat monthly fee at 65% recovery adds $75,072 annually and matches what every • Immediate Operational Efficiencies: Payroll runs $2,293 per unit, but with a professionally managed platform it reduces controllable expenses by $123,000 • 77.6% Potential NOI Growth: Net operating income is projected to grow from $725,275 trailing to $1,288,164 by Year Two through the implementation of the cap-ex program, pushing rents and recapturing utilities • Golf Course Frontage: The western property line abuts the Rockledge Country Club course, giving a material share of units a permanent, protected open-space view no competitor can replicate • Household Income: Average household income within five miles is $98,262, and the asset fronts South Fiske Boulevard at 27,500 vehicles per day • Major Employers: Located Twenty-five minutes for SpaceX, Blue Origin, Airbus OneWeb, Boeing and Lockheed Martin • Location: Brevard County exceeds 616,000 residents and ranks #21 nationally for job growth and #24 for fastest-growing tech sector (Milken Institute, 2025)

Market Context

This multifamily in Rockledge, FL is listed for sale. It is offered at an approximate 6.8% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Rockledge, FL — view the full market.

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