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704 E Lincoln Melbourne, FL $ 850,000
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704 E Lincoln
$ 850,000
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704 E Lincoln

Melbourne, FL, 32901
$ 850,000
Bedrooms4 Baths0.0 Sq 2,619

Monthly Estimate*

$ 5,091

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Multi-Family Home for sale in Melbourne, FL

for $850,000 with 4 bedrooms. This 2,619 square foot home was built in 1926 on a lot size of 0.2.

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.

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Multi-Family Active

Price

$ 850,000

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 7,074

Style

Quadruplex

Lot Size

0.2

Year Built

1926

Town/City

Melbourne

County/Region

Brevard

MLS | Web ID

1025209
Features
General
Sewer Public Sewer
Heating Electric Separate Meters Individual
Utilities Electricity Available Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Other
Appliances Dishwasher Disposal Electric Cooktop Electric Oven Electric Range Induction Cooktop Microwave Refrigerator
Exterior Features Balcony Storm Shutters
Construction Materials Block Stucco
Year Built 1926
Stories 2
Property SubType Quadruplex
Tax Year 2023
Current Use Investment Residential
Additional Parcels Description 2817253
County Brevard
New Construction N
Property Type Residential Income
Home Owner Assoc N
Attached Garage N
Energy Efficient HVAC
Subdivision Name Camps Plat of Melbourne
Facing Direction South
Garage Y/N N
Full Baths 0
Status Active
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
High School Melbourne
City Melbourne
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 4
MLS Area 330 - Melbourne - Central
Lot Size Units Acres
Lot Size Square Feet 8712.0
Waterfront Y/N N
Carport Spaces 1.0
Carport Y/N Y
Elementary School Harbor City
Tax Annual Amount 7074.0
Home Warranty Y/N N
Middle/Junior High School Hoover
Lease Renewal Y/N N
MLS Area Minor 330 - Melbourne - Central
Lease Considered Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/spc/1025209
Standard Status Active
Legal Description CAMPS PLAT OF MELBOURNE LOT 14 BLK 36
Listing Terms VA Loan True
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Interior
Flooring Tile Wood
Furnished Y/N Negotiable
Total Fireplaces 2
Total Stories 2
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N Y
Half Baths 0
Total Bedrooms 4
Electric On Property Y/N N
Total Baths 0
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Exterior
Fencing Chain Link Wood
Parking Features Additional Parking Attached Carport Off Street
Water Source Public
Total Parking 5.0
Lot Size Area 0.2
Number of Buildings 1
Spa N
Building Area Total 2956.0
Lot Size Acres 0.2
Road Surface Type Asphalt
Road Frontage Type City Street
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 704
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* Excluded Features
List By
Pineapple Place Realty, Llc

Broker

andrea@pineappleplacerealty.com

Email

Affordability Calculator

$5,680
Per Month
90%
10%
0%
Monthly Principal & Interest
$5,091
Monthly Property Taxes
$590
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1362951 Elementary School
1363002 Middle School
Melbourne High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/19/2024$850,000 Listed Price

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704 E Lincoln, Melbourne, FL, 32901 is a Multi-Family Home for sale at $850,000 with 2,619 sqft and a lot size of 0.2. 704 E Lincoln has 4 bedrooms, 0.0 baths, and was built in 1926. The property's zip code is 32901 which is in Melbourne, FL

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