TURN-KEY vacation rental investment opportunity 2 blocks from Historic Downtown. Operated as a professionally managed STR since 2018, the Lincoln Guest House has broad appeal to vacationers, students and professionals. This Spanish Colonial quadraplex apartment offers four one-bedroom/one-bath apartments metered separately. The units are fully furnished and thoughtfully decorated with a mix of modern aesthetic and old-Florida charm. The quad is within walking distance of restaurants, bars, shops with Indialantic beaches just over the causeway and easy access to US1 and A1A. Established STR operation with high occupancy currently listed on Airbnb, VRBO, direct website and mid-term channels. Professionally managed, property has a long income history, streamlined operations and software stack to optimize occupancy and rates. This is a great passive investment opportunity, turnkey self-managed STR or 1031 exchange. Professional management with Superhost status can continue.
Improvements: new roof installed 2023 and 4 high-efficiency ductless AC systems also installed in 2023. Flexible C1 mixed-use zoning.
Gross income of $110,000 (3 yr avg) with very high occupancy and steady income.
Improvements: new roof installed 2023 and 4 high-efficiency ductless AC systems also installed in 2023. Flexible C1 mixed-use zoning.
Gross income of $110,000 (3 yr avg) with very high occupancy and steady income.
Property Details
Price:
$850,000
MLS #:
O6242336
Status:
Active
Beds:
0
Baths:
0
Address:
704 E LINCOLN AVENUE
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
CAMPS PLAT OF MELBOURNE
Neighborhood:
32901 – Melbourne
City:
MELBOURNE
Listed Date:
Sep 19, 2024
State:
FL
Finished Sq Ft:
2,619
ZIP:
32901
Lot Size:
8,712 sqft / 0.20 acres (approx)
Year Built:
1926
Units:
4
See this Listing
I have been selling real estate for over 23 years from New York to Florida. My main service areas include Celebration, Marco Island, Miami, Naples, Orlando, Sarasota, Tampa, Windermere. We can help you buy or sell real estate anywhere in the State of Florida. Looking for Golf Course Homes For Sale, Luxury Estates, Beachfront Condos, Gated Communities, Fine Homes and Estates, we cover it all.
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Schools
Interior
Cooling
Central Air, Zoned
Flooring
Ceramic Tile, Hardwood
Heating
Central, Zoned
Laundry Features
None
Exterior
Construction Materials
Block, Stucco
Exterior Features
Sidewalk
Roof
Other
Financial
Tax Year
2023
Taxes
$7,074
Map
Community
- Address704 E LINCOLN AVENUE MELBOURNE FL
- SubdivisionCAMPS PLAT OF MELBOURNE
- CityMELBOURNE
- CountyBrevard
- Zip Code32901
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Courtesy of PINEAPPLE PLACE REALTY, LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved. 704 E LINCOLN AVENUE
MELBOURNE, FL
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