704 E LINCOLN AVENUE,MELBOURNE,Brevard,Residential Income

Descripción

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