704 East Lincoln Avenue

Melbourne, FL 32901

$795,000
Price
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Beds
4
Baths
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Sq. Ft.
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per Sq. Ft.

Description

New price! 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,...New price! 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
Zoning
Commercial
LISTING UPDATED: 11/15/2024 06:10 AM

Property Details for 704 East Lincoln Avenue

StatusActive
MLS #1025998
Days on Market50
Rental Incentives-
Available Date-
Lease Term-
FurnishedFully Furnished
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
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: 28.081162
  • Geo Lon: -80.609161
  • Absolute Longitude: 80.609161
  • General County Loc: South
  • County Sub/Condo Name: Camps Plat of Melbourne
Taxes and HOA Information
  • Taxes: $7,074.11
  • Tax Year: 2022
  • Tax Acct: 2817253
  • Tax ID: 28-37-03-Fc-00036.0-0014.00
Parking
  • Parking: Additional Parking, Attached Carport, Off Street
Property
Green Features
  • Green Energy Feature: HVAC
Lot Information
  • SqFt - Total: 2619.0
  • Year Built: 1926
  • Picture Count: 42
  • Lot Description: Other
  • Acreage: 0.2
  • Legal/Misc: Land Lease: No
  • Site Location: City
  • Current Adjacent Use: Investment, Multi-Family
Property and Assessments
  • Construction: Block, Stucco
  • Docs on File: 3
  • Legal/Misc: 55+ Community: No
  • MLS Approved: Y
  • Type of Service: Full Service
  • Prop Type: D
  • Sub Type: Multi Family
Utilities
  • Utilities: Sewer or Septic: Public Sewer
  • Utilities: Water Type: Public
  • Utilities: Electricity Connected, Separate Electric Meters, Water Connected
Owner Name
  • Owner Name: Foko Llc
Interior and Exterior Features
Exterior Features
  • Roof: Other
  • Total Floors in Bldg: 2
  • # of Units: 4
  • Flooring: Tile,Vinyl,Wood
Interior Features
  • Cooling: Ductless, Multi Units, Separate Meters
  • Heat: Other, Separate Meters, Zoned
  • Baths - Total: 4.0
Multi Family
Income & Expenses
  • Income & Expenses: Annual Gross Income: $107,800.00
  • Income & Expenses: Annual Oper Expenses: $41,000.00
  • Income & Expenses: Annual Net Income: $47,000.00
  • Expenses Include: Insurance, Maintenance, Maintenance Grounds, Pest Control
Multi-Family Information
  • Unit 1 Details: # Units: 2.0
  • Unit 1 Details: Annual Rent: 28800.0
  • Unit 1 Details: Baths Total: 1.0
  • Unit 1 Details: Furnished: Furnished
  • Unit 1 Details: Unit ID: Unit A
  • Unit 1 Details: Unit Remarks: front, 1st floor
  • Unit 1 Details: Unit SqFt: 647.0
  • Unit 2 Details: # Units: 2.0
  • Unit 2 Details: Annual Rent: 28800.0
  • Unit 2 Details: Baths Total: 1.0
  • Unit 2 Details: Furnished: Furnished
  • Unit 2 Details: Unit ID: Unit B
  • Unit 2 Details: Unit Remarks: Front, 2nd floor
  • Unit 2 Details: Unit SqFt: 647.0
  • Unit 3 Details: # Units: 2.0
  • Unit 3 Details: Annual Rent: 24000.0
  • Unit 3 Details: Baths Total: 1.0
  • Unit 3 Details: Furnished: Furnished
  • Unit 3 Details: Unit ID: Unit C
  • Unit 3 Details: Unit Remarks: Side
  • Unit 3 Details: Unit SqFt: 476.0
  • Unit 4 Details: # Units: 2.0
  • Unit 4 Details: Annual Rent: 24000.0
  • Unit 4 Details: Baths Total: 1.0
  • Unit 4 Details: Furnished: Furnished
  • Unit 4 Details: Unit ID: Unit D
  • Unit 4 Details: Unit Remarks: Upper, rear with balcony
  • Unit 4 Details: Unit SqFt: 476.0
  • Selling Terms Code: Cash, Conventional, VA Loan
Agent
Sale and Listing
  • Cumulative DOM: 48
  • Days On Market: 48
  • Possession: Close Of Escrow
Showing and Remarks
  • Showing: Appointment Only, Call Listing Agent
  • Appointment Phone: 407

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.

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.

704 East Lincoln Avenue is available for rent in Melbourne, FL 32901. This property was listed on September 28, 2024 by Pineapple Place Realty, LLC, it's currently listed at $795,000. 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, 4-bath, a property 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 owner. 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: 11/15/2024 06:10 AM