13 S Palmway Avenue, Rockledge, FL 32955
Local realty services provided by:CENTURY 21 Circle
13 S Palmway Avenue,Rockledge, FL 32955
$549,000
- - Beds
- 4 Baths
- 1,845 sq. ft.
- Multi-family
- Active
Listed by: thomas falk
Office: falk homes, llc.
MLS#:1091338
Source:FL_SPACE
Price summary
- Price:$549,000
- Price per sq. ft.:$297.56
About this home
FULLY OCCUPIED INCOME-PRODUCING TRIPLEX IN ROCKLEDGE! Excellent investment opportunity conveniently located near Cocoa Village, shopping, dining, and major roadways. The property features three rented units: a spacious 2BR/2BA main residence, a separate 1BR/1BA apartment, and a studio with its own bathroom. Recent improvements include a NEW ROOF (2026), NEW CENTRAL A/C for the 2BR/2BA (2026), updated electrical meters and panels (2025), tankless water heater (2025), laundry facilities (2025), and refreshed studio (2026). All three units are rented, providing immediate income with approximately $58,740 in annual gross scheduled income, including utility reimbursements and estimated laundry revenue. An excellent opportunity to acquire an established multifamily investment in a desirable Rockledge location. DO NOT DISTURB TENANTS. SHOWINGS BY APPOINTMENT ONLY. All three units are tenant-occupied and generating rental income. Current monthly income: Unit 13 (2BR/2BA): $2,100 (utilities included) Unit 13A (1BR/1BA): $1,495 ($1,345 rent + $150 utilities) Unit 13B (Studio/1BA): $1,250 (utilities included) Laundry income: Approximately $50/month Gross Scheduled Income: $4,895/month or $58,740/year. Estimated annual operating expenses of $15,928 already account for projected property taxes following the sale of $7,587.50, compared to the current 2026 property taxes of $4,280.81. This higher tax estimate has been included to provide investors with a more realistic picture of potential operating expenses after purchase. Expenses also include insurance, electricity, water, garbage, natural gas, and internet. Maintenance, management fees, vacancy allowance, and reserves are excluded. All financial information is provided for informational purposes and should be independently verified by the buyer. DO NOT DISTURB TENANTS. ALL SHOWINGS MUST BE SCHEDULED AND CONFIRMED IN ADVANCE....
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Home facts
- Year built:1950
- Subdivision & Development:Rockledge Homes
- Listing ID #:1091338
- Added:1 day(s) ago
Rooms and interior
- Total bathrooms:4
- Full bathrooms:4
- Kitchen Description:appl_
- Living area:1,845 sq. ft.
Heating and cooling
- Cooling:Electric
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Year built:1950
- Building area:1,845 sq. ft.
- Lot area:0.14 Acres
Schools
- High school:Rockledge
- Middle school:McNair
- Elementary school:Tropical
Utilities
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$549,000
- Price per sq. ft.:$297.56
- Tax amount:$4,280 (2026)
Features and amenities
- Laundry features:appl_
Parking
- Total parking spaces:4
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