1625 Mercy Dr - Apartments FOR SALE


Orlando, FL 32808- Princeton
$5,800,000 USD
866-468-6487
1625 Mercy Dr, Orlando, FL for Sale
$5,800,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

1625 Mercy Dr
Orlando, FL 32808
Princeton


HIGHLIGHTS

  • 40-unit property generating a year-one scheduled income of $772,800, with professional property management ready to ensure a seamless transition.
  • Concrete block construction with newly overlaid pitched-shingled roofing, spacious layouts with tile flooring, central AC, and separate meters.
  • Situated in an Opportunity Zone, the property is just two miles from the $5.5 billion Packing District, which employs over 1000 employees.
  • Under 15 minutes from Interstate 4, Downtown Orlando, and Camping World Stadium, and 26 minutes from Orlando International Airport.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$158 USD /SF

# OF UNITS

40

PRICE/UNIT

$145,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Urban Square

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

R-3B/W

APN/PARCEL ID

20-2229-0000-00-085

ASK ABOUT THIS PROPERTY

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866-468-6487

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Joe LaFleur100Units.comMore Info
866-468-6487

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.