704 E Lincoln Melbourne, FL 32901
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.
- Property TypeMulti-Family
- NeighborhoodCamps Plat of Melbourne
- CountyBrevard
- Taxes$7,074
- HOA/Condo/Coop Fees$0
- Days on Site20 Days
- MLS StatusActive
- MLS ID Number1025209
- Home Size Source Appraiser
- Year Built1926
- Lot Size0.2 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction BlockStucco
- Parking Additional ParkingAttached CarportOff Street
- Parking Spaces 5
- Sewer Public Sewer
- Number of Stories 22
- Acreage 0.2
- Water Public
- Green Energy Efficient H V A C
- Property Sub Type Quadruplex
- Attached Garage No
- Utilities Electricity AvailableElectricity ConnectedSewer ConnectedWater Connected
- Direction Faces South
Interior Features
- Heating ElectricSeparate MetersIndividual
- Appliances DishwasherDisposalElectric CooktopElectric OvenElectric RangeInduction CooktopMicrowaveRefrigerator
- Flooring TileWood
- Fireplaces 2
- Fireplace Yes
Exterior Features
- Roof Other
- Fencing Chain LinkWood
- Waterfront Property No
- Exterior BalconyStorm Shutters
- Road Frontage City Street
Community Features
- Senior Community No
- MLS Area 330 - Melbourne - Central