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704 Lincoln Avenue, MELBOURNE, FL 32901
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704 Lincoln Avenue
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Would you like to sell your home before you purchase this one?
Priced at Only: $795,000
For more Information Call:
Address: 704 Lincoln Avenue, MELBOURNE, FL 32901
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  • MLS#: O6242336 ( Residential Income )
  • Street Address: 704 Lincoln Avenue
  • Viewed: 4
  • Price: $795,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1926
  • Bldg sqft: 0
  • Garage / Parking Spaces: 1
  • Days On Market: 97
  • Additional Information
  • Geolocation: 28.0812 / -80.6092
  • County: BREVARD
  • City: MELBOURNE
  • Zipcode: 32901
  • Subdivision: Camps Plat Of Melbourne
  • Provided by: PINEAPPLE PLACE REALTY, LLC
  • Contact: Andrea Aylett-Hosch
  • 407-497-8563
  • mfrmls
  • DMCA Notice
  • Description
    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.
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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-
  •   Monthly -
Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Sidewalk
  • Flooring: Ceramic Tile, Wood
  • Living Area: 2619.00
  • Roof: Other
Garage and Parking
  • Garage Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 1.00
  • Cooling: Central Air, Zoned
  • Heating: Central, Zoned
  • Sewer: Public Sewer
  • Utilities: Cable Available
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Net Operating Income: 0.00
  • Tax Year: 2023
Other Features
  • Country: US
  • Interior Features: Ceiling Fans(s), Window Treatments
  • Legal Description: CAMPS PLAT OF MELBOURNE LOT 14 BLK 36
  • Area Major: 32901 - Melbourne
  • Occupant Type: Tenant
  • Parcel Number: 28 3703-FC-36-14
  • Possession: Close of Escrow
  • Zoning Code: C1
Nearby Subdivisions
Camps Plat Of Melbourne