704 E Lincoln Avenue 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 Site8 Days
- MLS StatusActive
- MLS ID Number1025998
- 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
- Sewer Public Sewer
- Number of Stories 2
- Acreage 0.2
- Water Public
- Zoning Commercial
- Green Energy Efficient H V A C
- Property Sub Type Multi Family
- Attached Garage No
- Utilities Electricity ConnectedWater Connected
Interior Features
- Cooling DuctlessMulti UnitsSeparate Meters
- Heating Separate MetersZonedOther
- Flooring TileVinylWood
Exterior Features
- Roof Other
- Fencing Chain LinkWood
- Waterfront Property No
- Lot Other
- Road Frontage City Street
Community Features
- Senior Community No
- MLS Area 330 - Melbourne - Central