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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.PROPERTY FEATURES
Utilities :
Cable Available
Water Access :
0
Sewer :
Public Sewer
Exterior Features :
Sidewalk
Road Surface Type :
Asphalt
Zoning :
C1
Heating :
Central
Cooling :
Central Air
Construction Materials :
Block
Interior Features :
Ceiling Fans(s)
Laundry Features :
None
Flooring :
Ceramic Tile
PROPERTY DETAILS
Street Address: 704 E LINCOLN AVENUE
City: Melbourne
State: Florida
Postal Code: 32901
County: Brevard
MLS Number: O6242336
Year Built: 1926
Courtesy of PINEAPPLE PLACE REALTY, LLC
City: Melbourne
State: Florida
Postal Code: 32901
County: Brevard
MLS Number: O6242336
Year Built: 1926
Courtesy of PINEAPPLE PLACE REALTY, LLC
Courtesy of 321 Realty, LLC
