Active

$784,500

Features:
  • 0 Bedrooms
  • 0 Bathrooms
  • 2619 sq ft
Overview
  • ID: MFRO6242336
  • Bedrooms: 0
  • Bathrooms: 0
  • Size: 2619 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$784,500
HOA Fee:
N/A
Tax Amount:
$7074
Price per SqFt:
$299.54
Tax Legal Description:
CAMPS PLAT OF MELBOURNE LOT 14 BLK 36
Exterior Features
Lot Size:
8712
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Other
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
0
Bathrooms:
0
Heating:
Central, Zoned
Cooling:
Central Air, Zoned
Appliances:
N/A
Furnished:
No
Floor:
Ceramic Tile, Wood
Levels:
N/A
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1926
Construction Type:
Block, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Sidewalk
Additional Features 2:
N/A
Map
  • Address
    704 E LINCOLN AVE
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