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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.

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

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
20-2229-0000-00-085
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,982,256

ZONING

Zoning Code R-3B/W (Residential)
R-3B/W (Residential)
  • Listing ID: 33699561

  • Date on Market: 10/31/2024

  • Last Updated:

  • Address: 1625 Mercy Dr, Orlando, FL 32808

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