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$784,500 • living size area 2619 sqft
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.Multi Family - CAMPS PLAT OF MELBOURNE for Sale
704 E LINCOLN, MELBOURNE, FL 32901
Asking Price$784,500 Change Price$10,500
Share by:
- Living 2619sqft
- Lot size 8712sqft
- Taxes: Register to see
- Year Built 1926
-
Days on market:
109 day(s) Original Price:
$850,000-
Price per sqft:
$299.54 Tax Legal Description:
CAMPS PLAT OF MELBOURNE LOT 14 BLK 36Tax Year:
2023-
MLS:
O6242336 -
Property Type:
Multi Family -
Carport Spaces:
1
Construction Type:
StuccoBlockRoof:
OtherCooling Description:
Central AirZonedHeating Description:
CentralZonedFloor Description:
Ceramic Tile HardwoodInterior Features:
Ceiling Fan(s) Window TreatmentsExterior Features:
SidewalkSpecial Listing Conditions:
None
