Historic quadriplex in Downtown Melbourne! Turnkey short-term rental opportunity with 5yr income history. This Spanish Colonial 4-unit short-term rental property consists of a two-story apartment building with a mix of four one-bedroom/one-bath units. All units are fully furnished and thoughtfully decorated with a mix of modern aesthetic and old-Florida charm. Located 0.2 acres, just 2 blks from historic Downtown Melbourne, within walking distance of restaurants, bars, shops, and the Indian River. The Indialantic beaches are only 3 miles away. The property offers ample parking, including street parking, one carport, and 4 parking spaces. Separate entry points and large front and back yards offer privacy and separation.
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.
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.
Professional management with superhost status can continue
Property Details
Price:
$850,000
MLS #:
O6242336
Status:
Active
Beds:
0
Baths:
0
Address:
704 E LINCOLN AVENUE
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
CAMPS PLAT OF MELBOURNE
Neighborhood:
32901 – Melbourne
City:
MELBOURNE
Listed Date:
Sep 19, 2024
State:
FL
Finished Sq Ft:
2,619
ZIP:
32901
Lot Size:
8,712 sqft / 0.20 acres (approx)
Year Built:
1926
Units:
4
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Schools
Interior
Cooling
Central Air, Zoned
Flooring
Ceramic Tile, Hardwood
Heating
Central, Zoned
Laundry Features
None
Exterior
Construction Materials
Block, Stucco
Exterior Features
Sidewalk
Roof
Other
Financial
Tax Year
2023
Taxes
$7,074
Map
Community
- Address704 E LINCOLN AVENUE MELBOURNE FL
- CityMELBOURNE
- CountyBrevard
- Zip Code32901
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Courtesy of PINEAPPLE PLACE REALTY, LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved. 704 E LINCOLN AVENUE
MELBOURNE, FL
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