Active

704 E Lincoln Avenue

Melbourne FL, 32901

$850,000


$324.55 per sqft

Active

4 Baths

2,619 sqft

Commercial

Built in 1926

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.

1025998

MLS ID

September 28, 2024

Listed

October 14, 2024

Updated

Map

704 E Lincoln Avenue
Melbourne FL, 32901

Interior Features

Total Stories

2


Total Bathrooms

4


Floor Description

Tile, Vinyl, Wood


Fireplace

No


Cooling

Yes


Cooling Description

Ductless, Multi Units, Separate Meters


Heating

Yes


Heating Description

Separate Meters, Zoned, Other

Exterior/Building Features

Lot Size

0.2 Acres


Lot Features

Other


Roof

Other


Sewer

Public Sewer

Other Property Details

Area Name

330 - Melbourne - Central


Taxes

$7,074


Tax Frequency

Annually


Garage

No


Parking

Additional Parking, Attached Carport, Off Street


View

No


County

Brevard


Water Source

Public


Pool

No

Courtesy of Pineapple Place Realty, LLC, Andrea Aylett-Hosch,
Listing Contact: 407-497-8563 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Anthony Romero shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 FL - MLS of South Brevard & the Space Coast Association of REALTORS (SPACE). All rights reserved.

 

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