Basic Information
- Pool :
- Flooring : "Ceramic Tile", "Wood"
- Cooling : "Central Air", "Zoned"
- Heating : "Central", "Zoned"
- Total Parking Spaces : 1
- Garage Spaces :
- Sewer : "Public Sewer"
- Stories Total :
- Construction Materials : "Block", "Stucco"
- Roof : "Other"
- Listing Status : Active
About This Property
- Public Remarks : 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.
- Legal Description : CAMPS PLAT OF MELBOURNE LOT 14 BLK 36
Agency
This listing is courtesy of:
- Agency Name : PINEAPPLE PLACE REALTY, LLC
- Agency Phone : 407-497-8563
- Agency ID : 261021977
- MLS ID : O6242336
- Agent Name : Andrea Aylett-Hosch
- Agent Phone : 407-497-8563
- Agent Email : [email protected]
- Listing Terms : "Cash", "Conventional", "VA Loan"
- Showing Instructions :
Amenities & Features
- Architectural Style :
- Appliances :
- Patio & Porch Features :
- Interior Features : "Ceiling Fans(s)", "Window Treatments"
- Association Amenities :
- Building Features :
- Door Features :
- Exterior Features : "Sidewalk"
- Fireplace Features :
- Security Features :
Location
704 E LINCOLN AVE
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Address : 704 E LINCOLN AVE
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City : Melbourne
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County : Brevard
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State : FL
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Country :
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Zip Code : 32901
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Latitude : 28.08117294
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Longitude : -80.60915375
- Address : 704 E LINCOLN AVE
- City : Melbourne
- County : Brevard
- State : FL
- Country :
- Zip Code : 32901
- Latitude : 28.08117294
- Longitude : -80.60915375
Fees & Taxes
- Tax Billed Amount : $7,074
- Tax Market Value Year : 2023
- Association Fee :
Walk Score
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