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32445192
32445193

1625 MERCY DR, ORLANDO, FL 32808-6400

JL
FL BK3206282, FL FL SL3206282
100UNits.com
Listed by 100UNits.com
$5,600,000
25 days on market
Updated 11 days ago
Opportunity zone

Urban Square Apartments

Details
APN 292220000000085
Property Type Multifamily
Sub Type Apartment Building
Square Footage 38,080
Units 40
Cap Rate 7.90%
NOI $442,163
Occupancy 95%
Pro-Forma Cap Rate 10.00%
Pro-Forma NOI $558,279
Price per SqFt $147
Year Built 1966
Buildings 1
Stories 2
Acreage 2.720
Investment Type Value Add

40 Units in Orlando, FL | + Development

Marketing description

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.

Investment 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

Listing Contacts

JL
FL BK3206282, FL FL SL3206282
100UNits.com
Listed by 100UNits.com

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$442,163.00
$36,846.92/mo

Valuation Metrics

0
DSCR
7.9%
Cap Rate
7.9%
ROI

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Additional Information

Name
Joe LaFleur
License
BK3206282
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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