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

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...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.
  1. Listed by Andrea Aylett-Hosch • Pineapple Place Realty, LLC

Property Details for 704 East Lincoln Avenue

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
LISTING UPDATED: 12/03/2024 02:31 PM

Property Details for 704 East Lincoln Avenue

StatusActive
MLS #1025209
Days on Market101
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
  • City: Melbourne
  • State/Province: FL
  • County: Brevard
  • Geo Lat: 28.081157
  • Geo Lon: -80.609143
  • Absolute Longitude: 80.609143
  • Schools: Elementary School: Harbor City
  • Schools: Middle School: Hoover
  • Schools: High School: Melbourne
  • General County Loc: South
  • County Sub/Condo Name: Camps Plat of Melbourne
Taxes and HOA Information
  • Taxes: $7,074.00
  • Tax Year: 2023
  • Tax Acct: 2817253
  • Tax ID: 28-37-03-Fc-36-14
Parking
  • Parking Spaces: 5.0
  • Parking: Additional Parking, Attached Carport, Off Street
  • Open Parking Spaces: 4.0
  • Carport: 1.0
Property
Green Features
  • Green Energy Feature: HVAC
Lot Information
  • SqFt - Living: 2619.0
  • SqFt - Total: 2956.0
  • Lot SqFt: 8712.0
  • Year Built: 1926
  • Picture Count: 32
  • Acreage: 0.2
  • Furnishings: Negotiable
  • Road Surface: Asphalt
  • Current Adjacent Use: Investment, Residential
Property and Assessments
  • Construction: Block, Stucco
  • Docs on File: 3
  • Res Sub-Type: LLC
  • Legal/Misc: 55+ Community: No
  • MLS Approved: Y
  • Type of Service: Full Service
  • Prop Type: B
  • Sub Type: Quadruplex
  • To Be Constructed: No
Utilities
  • Utilities: Sewer or Septic: Public Sewer
  • Utilities: Water Type: Public
  • Utilities: Electricity Available, Electricity Connected, Sewer Connected, Water Connected
Owner Name
  • Owner Name: FOKO LLC
Interior and Exterior Features
Exterior Features
  • Roof: Other
  • Total Floors in Bldg: 2
  • # of Units: 4
  • Buildings: 1
  • Exterior Features: Balcony, Storm Shutters
  • Flooring: Tile,Wood
Interior Features
  • Cooling: Ductless
  • Heat: Electric, Individual, Separate Meters
  • Equipment/Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Induction Cooktop, Microwave, Refrigerator
Multi Family
Multi-Family Information
  • Unit 1 Details: Actual Rent: 2400.0
  • Unit 1 Details: Beds Total: 1.0
  • Unit 1 Details: Furnished: Negotiable
  • Unit 1 Details: Unit ID: Unit A
  • Unit 1 Details: Unit Remarks: Front, lower unit
  • Unit 1 Details: Unit SqFt: 647.0
  • Unit 2 Details: Actual Rent: 2400.0
  • Unit 2 Details: Beds Total: 1.0
  • Unit 2 Details: Furnished: Negotiable
  • Unit 2 Details: Unit ID: Unit B
  • Unit 2 Details: Unit Remarks: Front upstairs unit
  • Unit 2 Details: Unit SqFt: 647.0
  • Unit 3 Details: Actual Rent: 2000.0
  • Unit 3 Details: Beds Total: 1.0
  • Unit 3 Details: Furnished: Negotiable
  • Unit 3 Details: Unit ID: Unit C
  • Unit 3 Details: Unit Remarks: Side unit
  • Unit 3 Details: Unit SqFt: 476.0
  • Unit 4 Details: Actual Rent: 2000.0
  • Unit 4 Details: Beds Total: 1.0
  • Unit 4 Details: Furnished: Negotiable
  • Unit 4 Details: Unit ID: Unit D
  • Unit 4 Details: Unit Remarks: Rear, upper unit
  • Unit 4 Details: Unit SqFt: 476.0
  • Selling Terms Code: Cash, Conventional, VA Loan
Agent
Sale and Listing
  • Cumulative DOM: 83
  • Days On Market: 83
  • Possession: Close Of Escrow
Showing and Remarks
  • Showing: Appointment Only, No Sign
  • Appointment Phone: 407-497-8563

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.

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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 11, 2024 by Pineapple Place Realty, LLC, it's currently listed at $795,000. It has been on the market for a total of 101 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: 12/03/2024 02:31 PM