$850,000 for Sale
704 e lincoln avenue, melbourne, FL 32901
| Beds 0 | Baths 0 | 2,619 Sqft | 0.20 Acres |
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Property Description
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.
General Information
Sale Price: $850,000
Price/SqFt: $325
Status: Active
MLS#: O6242336
City: melbourne
Post Office: melbourne
County: Brevard
Subdivision: camps plat of melbourne
Acres: 0.2
Bedrooms:0
Bathrooms:0
House Size: 2,619 sq.ft.
Acreage: 0.2 est.
Year Built: 1926
Property Type: Quadruplex
Style:
Features & Room Sizes
Paved Road: Asphalt
Garage: No
Construction: Block, Stucco
Exterior Misc: Sidewalk
Fireplaces: Yes
Basement: No
Foundation : Slab
Cooling: Central Air, Zoned
Heating: Central, Zoned
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $7,074
Legal Description: CAMPS PLAT OF MELBOURNE LOT 14 BLK 36
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2024
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Andrea Aylett-Hosch of PINEAPPLE PLACE REALTY, LLC, Phone: 407-497-8563
