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.