Urban Square 1625 Mercy Dr
40 Unit Apartment Building $6,000,000 ($150,000/Unit) Orlando, FL 32808
INVESTMENT HIGHLIGHTS
- 40-unit property generating a year-one scheduled income of $772,800, with professional property management ready to ensure a seamless transition.
- Situated in an Opportunity Zone, the property is just two miles from the $5.5 billion Packing District, which employs over 1000 employees.
- Concrete block construction with newly overlaid pitched-shingled roofing, spacious layouts with tile flooring, central AC, and separate meters.
- Under 15 minutes from Interstate 4, Downtown Orlando, and Camping World Stadium, and 26 minutes from Orlando International Airport.
EXECUTIVE SUMMARY
Urban Square at 1625 Mercy Drive in Orlando presents a remarkable opportunity to acquire a 40-unit multifamily apartment complex in a dynamic and evolving market. Constructed with durable concrete block and newly overlaid pitched-shingled roofing, this two-story property spans approximately 36,664 gross square feet and offers exterior unit access. The unit mix comprises 14 one-bedroom, one-bath, and 26 two-bedroom, one-bath units, all equipped with central air conditioning, tile flooring, and generously sized living spaces. Tenants enjoy ample surface parking, separately metered electric utilities, and the convenience of public transportation at the property's doorstep.
Strategically located in Orlando's Opportunity Zone, Urban Square is less than fifteen minutes from Interstate 4, Downtown Orlando, and Camping World Stadium. Bezos Academy is on the same street as the property, benefiting from public transportation directly in front. Moreover, 1625 Mercy Drive is just two miles from the $5.5 billion Packing District, offering over 1,000 jobs, and the Princeton Oaks Business Park, featuring over 750,000 square feet of space and 500+ jobs.
With year-one scheduled income of $772,800 and professional property management in place, Urban Square is an exceptional investment opportunity offering immediate income potential, long-term value appreciation, and proximity to thriving economic hubs in one of the nation's most vibrant cities.
Strategically located in Orlando's Opportunity Zone, Urban Square is less than fifteen minutes from Interstate 4, Downtown Orlando, and Camping World Stadium. Bezos Academy is on the same street as the property, benefiting from public transportation directly in front. Moreover, 1625 Mercy Drive is just two miles from the $5.5 billion Packing District, offering over 1,000 jobs, and the Princeton Oaks Business Park, featuring over 750,000 square feet of space and 500+ jobs.
With year-one scheduled income of $772,800 and professional property management in place, Urban Square is an exceptional investment opportunity offering immediate income potential, long-term value appreciation, and proximity to thriving economic hubs in one of the nation's most vibrant cities.
PROPERTY FACTS
| Price | $6,000,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.93 AC |
| Building Size | 36,664 SF |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.23/1,000 SF |
| Opportunity Zone |
Yes |
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Freezer
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Smoke Free
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | - | 750 |
| 2+1 | 26 | - | 850 |
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PROPERTY TAXES
| Parcel Number | 20-2229-0000-00-085 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,982,256 |
ZONING
| Zoning Code | R-3B/W (Residential) |
