704 East Lincoln Avenue

Melbourne, FL 32901

$795,000
Price
—
Beds
2,619 Sq. Ft.
$304 / Sq. Ft.
2,619
Sq. Ft.
$304
per Sq. Ft.

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.
  1. Listed by Andrea Aylett-Hosch • PINEAPPLE PLACE REALTY, LLC

Property Details for 704 East Lincoln Avenue

Subdivision Name
CAMPS PLAT OF MELBOURNE
Township
28
Carport Spaces
1
Waterfront
No
LISTING UPDATED: 10/23/2024 06:50 AM

Property Details for 704 East Lincoln Avenue

StatusActive
MLS #O6242336
Days on Market94
Taxes$7,074 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1926
Lot Size0.20 AC / 8,712 SF
CountyBrevard 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

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: 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
  • Mls Major Change Type: Price Decrease
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 704
  • Street Direction Prefix: E
  • Street Name: LINCOLN
  • Street Suffix: AVENUE
  • State: FL
  • City: MELBOURNE
Parking
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: 36
  • Tax Book Number: 0001/0054
  • Tax Legal Description: CAMPS PLAT OF MELBOURNE LOT 14 BLK 36
  • Tax Lot: 14
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 28 3703-FC-36-14
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: C1
  • Living Area: 2619
Property and Assessments
  • Year Built Numeric: 1926
  • Flood Zone Code: X
  • Flood Zone Date: 01-29-2021
  • Flood Zone Panel: 12009C0603H
  • New Construction: No
  • Public Survey Range: 37
  • Public Survey Section: 03
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Stucco
  • Exterior Features: Sidewalk
  • Foundation Details: Slab
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Other
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 0
  • Cooling: Central Air, Zoned
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Wood
  • Heating: Central, Zoned
  • Interior Features: Ceiling Fans(s), Window Treatments
  • Laundry Features: None
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $65,000.00
  • Gross Income: $110,000
  • Unit Count: 4
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 1
  • Unit Type Description 1: Front lower
  • Unit Type Heated Sq Ft 1: 647
  • Unit Type Pro Forma 1: 2400
  • Unit Type Type 1: 1 Bed/1 Bath
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 1
  • Unit Type Description 2: Front upstairs
  • Unit Type Heated Sq Ft 2: 647
  • Unit Type Pro Forma 2: 2400
  • Unit Type Type 2: 1 Bed/1 Bath
Unit 3
  • Unit Type Baths Total 3: 1
  • Unit Type Beds Total 3: 1
  • Unit Type Description 3: Side
  • Unit Type Heated Sq Ft 3: 476
  • Unit Type Pro Forma 3: 2000
  • Unit Type Type 3: 1 Bed/1 Bath
Unit 4
  • Unit Type Baths Total 4: 1
  • Unit Type Beds Total 4: 1
  • Unit Type Description 4: Rear lower
  • Unit Type Heated Sq Ft 4: 476
  • Unit Type Pro Forma 4: 2000
  • Unit Type Type 4: 1 Bed/1 Bath

Property History for 704 East Lincoln Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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 Record2024$6,999 ($583 / 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.

Similar Homes

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704 East Lincoln Avenue is a multi-family home for sale in Melbourne, FL 32901. This property was listed for sale on September 17, 2024 by PINEAPPLE PLACE REALTY, LLC, it's currently listed at $795,000. It has been on the market for a total of 94 days and was last sold on November 14, 2017. This listing's school district is Brevard Public Schools. Nearby schools include Harbor City Elementary School, Herbert C. Hoover Middle School and Melbourne Senior High School. 704 East Lincoln Avenue is a 0-bed, 0-bath, 2,619 sqft multi-family home built in 1926.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of PINEAPPLE PLACE REALTY, LLC, Andrea Aylett-Hosch

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 10/23/2024 06:50 AM