Paradise Cay Apartments
Closed1900 Post Rd, Melbourne, FL 32935
Property type
Multifamily
Unit / Space count
197
Price
N/A
Building size
216,446 sf
Rentable area
216,446 SF
Year built
1985
Year renovated
Occupancy
Zoning code
Lot size
14.09 Acres
Sold/status
Sold · Date unknown
Bedroom count
Property description
Paradise Cay is a 197 unit multifamily community located 13 minutes from Downtown Melbourne. The community features 1985 concrete block construction with pitched, shingle roofs. Amenities include a swimming pool, laundry facilities, basketball court, secured gated access, picnic areas, and grassy courtyards. Residents can enjoy Wickham Park, which sits across the street from the property. This 280-acre park features recreation trails, a dog park, soccer fields, archery range, picnic pavilions, a campground, playgrounds, an amphitheater and several ponds. Paradise Cay is located just 3 minutes from Eastern Florida State College and 8.4 miles from the Florida Institute of Technology University which annually enrolls over 7,000 students and staff. The community is convenient to major nearby retailers including Publix Supermarket, Starbucks, Walmart Neighborhood Market, Crunch Fitness, and Home Depot. Retailers in the immediate area include Northrop Grumman (3,000 employees), Patrick Air Force Base (10,000 employees), Kennedy Space Center (10,000 employees), Orlando-Melbourne International Airport (6,000 employees), and Health First Medical Group (500+ employees). Beachgoers will find Florida's East coast beaches are only a 13 minute drive from the property.
Property highlights
- Closed at Contract Price
- 1031 Buyer
- Seller Owned for 10+ Years
- Buyer plans significant Value-Add program