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704 E Lincoln Avenue

Melbourne, FL 32901

– beds
– baths
2,619 sqft
8,712 sqft lot
$303 per sqft
1926 build
– on site

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.

Listing courtesy of STELLAR_MLS / PINEAPPLE PLACE REALTY, LLC

Last checked: Checking… • Last updated Oct 23, 2024 •

MLS# O6242336 —

The Building

Year Built:

1926
New Construction:

false
Construction Materials:

Block
Roof:

Other
Foundation Details:

Slab
# of Buildings:

1
Building Area Units:

Square Feet

Interior

Interior Features:

Ceiling Fan(s)
Flooring:

Ceramic Tile
Fireplace:

true

Room Dimensions

Living Area:

2619
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

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
Latitude:

28.081169
Longitude:

-80.609155
Coordinates:

-80.609155, 28.081169

The Property

Parcel Number:

28 3703FC3614
Property Type:

Residential Income
Property Subtype:

Quadruplex
Lot Size Acres:

0.2
Lot Size Area:

8712
Lot Size SqFt:

8712
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
Zoning:

C1
View:

false
Exterior Features:

Sidewalk
Water Source:

Public
Road Surface Type:

Asphalt
Flood Zone Code:

X
Flood Zone Panel:

12009C0603H
Additional Parcels:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

14
Tax Block:

36
Tax Legal Description:

CAMPS PLAT OF MELBOURNE LOT 14 BLK 36
Tax Book Number:

0001/0054
Tax Annual Amount:

7074

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/O6242336
Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Cable Available
Sewer:

Public Sewer

Appliances

Laundry Features:

None

The Community

Subdivision Name:

CAMPS PLAT OF MELBOURNE
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

false
Carport Spaces:

1
Covered Spaces:

1

Extra Units

# of Units Total:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/22/24 Oct 22, 2024	Price Changed	STELLAR_MLS	$795,000	-4.8%
10/15/24 Oct 15, 2024	Price Changed	STELLAR_MLS	$835,000	-1.8%
9/19/24 Sep 19, 2024	Listed / Active	STELLAR_MLS	$850,000

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This multifamily located in Downtown Melbourne, Melbourne, FL 32901 is currently for sale for $795,000. 704 E Lincoln Avenue is a 2,619 square foot multifamily with – beds and – baths that has been on Estately for 64 days. 704 E Lincoln Avenue is in the Downtown Melbourne neighborhood of Melbourne and has a WalkScore® of 77, making it very walkable. This multifamily is in the attendance area of Harbor City Elementary School, Melbourne High School, and Herbert C. Hoover Middle School.

Listing Courtesy of: STELLAR_MLS and PINEAPPLE PLACE REALTY, LLC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.