Mercury Pines is a two-story single building located in Palm Bay, Florida. The asset was built in 1986 with wood frame & stucco on concrete which is situated on approximately 2 acres. The property consists of sixteen (16) units that are all two bedroom/one bathroom which are 899 square feet each. Mercury Pines is ideally located on the southeast corner of I-95 and Malabar Road and is surrounded by thriving commercial businesses and other similar multifamily housing. Additionally, the asset is a few minutes away from major medical and educational institutions. Mercury Pines offers new ownership an attractive opportunity to finish the value-add program and continue to raise rents to higher market levels. Current ownership has upgraded two of the sixteen units to higher quality finish levels and newly leased units are achieving a fourteen percent rent premium over the remaining rent roll. Additionally, the property has excess acreage which could be utilized to add common area amenities for the tenant base. This leaves the new owner an opportunity to significantly improve the value of Mercury Pines.