1625 Mercy Dr - Apartments FOR SALE


Orlando, FL 32808- Princeton
$5,600,000 USD
866-468-6487
1625 Mercy Dr, Orlando, FL for Sale
$5,600,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

1625 Mercy Dr
Orlando, FL 32808
Princeton


HIGHLIGHTS

  • ±0.7 Acre of Excess Land – Rare covered land play with redevelopment upside
  • Value-Add + Development Opportunity – $300 Rent Increase After Renovation
  • Separately Metered Electric – Expense efficiency with tenant-paid utilities

OVERVIEW

100Units.com presents Urban Square Apartments, a 40-unit multifamily complex located in Orlando, FL. The property is constructed of concrete block with pitched shingle roofing and consists of one two-story apartment building totaling approximately 36,664 gross square feet. The unit mix includes 12 onebedroom/one-bath units and 28 two-bedroom/one-bath units. Electric is separately metered and paid by tenants. Units feature central air conditioning, spacious living areas, and tile flooring throughout. The roof has been overlaid with new shingles in 2018, and in 2025, all new electric meters were installed. *1 Unit (units # 8) is renovated and is renting at a $300 rent premium over the non renovated units. In addition to the existing improvements, the offering includes an additional ±0.7 acres of excess land, providing a compelling value-add and development opportunity. The site presents strong potential for mixed-use development, with the possibility to construct a new building featuring ground-floor retail with multifamily units above, aligning with the City’s vision for the corridor. Based on preliminary assumptions, the site could support approximately 20 additional units (buyer to verify), creating a unique opportunity to significantly increase density and income through new construction.

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$153 USD /SF

# OF UNITS

40

PRICE/UNIT

$140,000

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

Joe LaFleur100Units.comMore Info
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 Notice.