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704 E Lincoln Ave
For Sale $795,000 ($303.55 per Sq Ft)
$795,000 ($303.55 per Sq Ft)
- Unknown Bedrooms
- Unknown Bathrooms
- 2,619 Sq Ft
- 8,712 Sq Ft
Description
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $795,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 2,619 |
| Number of Stories | 0 stories |
| Parking Spots | 1 spots |
| Year Built | 1926 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 28 3703FC3614 |
| MLS # | O6242336 |
| Property ID | 301162717 |
| Lot Sqft | 8,712 |
| Zoning | C1 |
| Total Units | 4 |
| Days on Market | 96 |
| Original List Price | $850,000 |
| Date Updated | October 23, 2024 |
| Date Created | September 17, 2024 |
Listing Provided By
Andrea Aylett-Hosch an agent of .
© 2024 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of October 23, 2024 The information being provided is 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.
Robert Crawford
REAL ESTATE AGENT