Homes for sale - 704 E Lincoln AVE, Melbourne, FL 32901

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$ 795,000

Est. payment | -/mo

4 Baths

2,619 SqFt

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$ 795,000

Est. payment | -/mo

Save Virtual Tour

4 Baths

2,619 SqFt

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

Space Coast Association of Realtors (Brevard MLS)

Listed by Pineapple Place Realty, LLC

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+1(877) 366-2213

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