704 East Lincoln Avenue
$795,000
—
2,619
2,619
$304
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,...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.
- Listed by Andrea Aylett-Hosch • PINEAPPLE PLACE REALTY, LLC
Property Details for 704 East Lincoln Avenue
Subdivision Name
CAMPS PLAT OF MELBOURNE
Township28
Carport Spaces1
WaterfrontNo
LISTING UPDATED: 10/23/2024 06:50 AM
Property Details for 704 East Lincoln Avenue
Status | Active |
---|---|
MLS # | O6242336 |
Days on Market | 59 |
Taxes | $7,074 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Quadruplex |
Year Built | 1926 |
Lot Size | 0.20 AC / 8,712 SF |
County | Brevard County |
Building Information for 704 East Lincoln Avenue
Stories-Residences4Year Built1926Building Size-Lot Size0.20 AC / 8,712 SF
Property Information for 704 East Lincoln Avenue
Property History for 704 East Lincoln Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 704 East Lincoln Avenue
Taxable ValueLand$61,380Additions$327,420Total$388,800
Tax Record2023$7,074 ($590 / month)
Home Facts
Total Finished SqFt2,619 SqFtAbove Grade Finished SqFt2,619 SqFtStories2Lot Size8,712 SqFtStyleQuadraplexYear Built1926Year Renovated2016ZoningC1CountyBREVARDAPN28-37-03-FC-00036.0-0014.00
Schools near 704 East Lincoln Avenue
This home is within Brevard Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 7 to 12 |
Rating | School | Distance |
---|---|---|
Harbor City Elementary School PublicPK to 6 | ||
Herbert C. Hoover Middle School Public7 to 8 | ||
Melbourne Senior High School Public9 to 12 | ||
Westshore Junior/Senior High School Public7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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