704 E Lincoln AVE Active Save Request In-Person Tour Request Virtual Tour
Melbourne,FL 32901
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,619 sqft
Price per Sqft $303
Subdivision Camps Plat Of Melbourne
MLS Listing ID 1025998
Maintenance Fees $4,600
HOA Y/N No
Total Fin. Sqft 2619
Originating Board Space Coast MLS (Space Coast Association of REALTORS®)
Year Built 1926
Annual Tax Amount $7,074
Tax Year 2022
Lot Size 8,712 Sqft
Acres 0.2
Property Description
NEW PRICE! 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.
Location
State FL
County Brevard
Area 330 - Melbourne - Central
Direction From I95 take SR192 505 miles towards Melbourne, then turn left on Livingston st., then right on E Lincoln Ave - the property is on your left
Interior
Heating Separate Meters,Zoned,Other
Cooling Ductless,Multi Units,Separate Meters
Flooring Tile,Vinyl,Wood
Inclusions Building & Land
Exterior
Exterior Feature ExteriorFeatures
Parking Features Additional Parking,Attached Carport,Off Street
Fence Chain Link,Wood
Utilities Available Electricity Connected,Water Connected,Separate Electric Meters
Roof Type Other
Present Use Investment,Multi-Family
Road Frontage City Street
Garage No
Building
Lot Description Other
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 28-37-03-Fc-00036.0-0014.00
Acceptable Financing Cash,Conventional,VA Loan
Listing Terms Cash,Conventional,VA Loan