Welcome to Satellite Beach, a fun family beach community about an hour from Disney. This fully occupied 20 unit apartment building is two blocks from the beach in a great location. The apartment complex is comprised of five four-unit buildings, encompassing a courtyard style pool area. Subject property has been meticulously maintained with unit renovations on turnover as deemed appropriate. The first floor units have terrazzo and carpeting, with second floor units boasting oak hardwood floors and carpeting.
Morningstar Apartments is situated on the corner of Palm Drive and Magellan Avenue with great street frontage of approximately 350 feet. Interstate-95, which benefits from traffic counts of 87,500 vehicles daily, is located approximately six miles west of the property. Subject is just eight miles from Orlando Melbourne International Airport and 8.8 miles from Melbourne Regional Medical Center. A number of nationally recognized retail tenants are in the immediate area, such as CVS Pharmacy, Dollar General, Lowe’s Home Improvement, Publix Super Market, Starbucks Coffee, Walmart Supercenter, and many more. There is a population of over 72,000 within a five mile radius.
Location
Florida became the first state to welcome more than 100 million out-of-state and international tourists. More than 116 million people came to the Sunshine State in 2017. New attractions and an ever-changing tourist landscape in Florida is being credited for the increased number of visitors. Satellite Beach is a coastal city situated in Brevard County, Florida. It is located with the Atlantic Ocean to the east and the Indian River to the west. Satellite Beach is part of the Palm Bay-Melbourne-Titusville Metropolitan Statistical Area.
