704 E Lincoln Ave, Melbourne, Florida 32901
- $784,500
- $795,000
704 E Lincoln Ave, Melbourne, Florida 32901
- $784,500
- $795,000
Overview
- Quadruplex, Residential Income
Description
PRICE IMPROVEMENT! 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.
Address
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Address: 704 E LINCOLN AVENUE
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City: Melbourne
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State/county: FL
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Zip/Postal Code: 32901
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Country: US
Details
Updated on February 15, 2025 at 11:08 pm-
Property ID HZO6242336
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Price $784,500
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Land Area 0.2 Acres
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Year Built 1926
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Property Type Quadruplex, Residential Income
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Property Status Canceled
Additional details
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Listing Terms Cash, Conventional, VA Loan
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Roof Other
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Utilities Cable Available
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Sewer Public Sewer
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Cooling Central Air, Zoned
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Heating Central, Zoned
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Flooring Ceramic Tile, Wood
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County Brevard
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Property Type Residential Income
Mortgage Calculator
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