40-Unit Apartment
1625 MERCY DR Orlando, FL 32808
1625 MERCY DR, Orlando, FL, 32808
Contact for pricing
For Sale
Contact for pricing
Concrete-block, pitched-roof apartment building with 12 one-bedroom and 28 two-bedroom units, separately metered electric.
Property Size38,080 SF
Price / SF$147.06
Days on Market74
Property Features for 1625 MERCY DR
General Information
- Standard status
- Active
- Size
- 38,080 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1966
Listing agency
100UNits.com
Listed by
Joe LaFleur · License #BK3206282
Source
Crexi
Added: May 11 Updated: Jul 22 at 3:53AM Checked: Jul 22 at 3:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 100UNits.com
Investment Insights
Based on property information with market context.
Urban Square Apartments is a 40-unit multifamily complex comprised of one two-story apartment building with approximately 36,664 gross square feet. The property is constructed of concrete block with pitched shingle roofing. The unit mix includes 12 one-bedroom/one-bath units and 28 two-bedroom/one-bath units. Tenants pay electric through separately metered service. Units feature central air conditioning, spacious living areas, and tile flooring throughout. The roof was overlaid with new shingles in 2018, and in 2025 all new electric meters were installed. One unit (#8) is noted as renovated and is renting at a $300 premium over non-renovated units.
The offering includes an additional approximately 10.7 acres of excess land as part of the package. Based on preliminary assumptions provided in the marketing, the site could support approximately 20 additional units, subject to buyer verification. The property is described as having potential for mixed-use development, including a new building with ground-floor retail and multifamily above aligned with the City’s vision for the corridor; however, the buyer should verify feasibility and entitlements.
The property is located at 1625 Mercy Dr, Orlando, FL and is offered for sale.
The offering includes an additional approximately 10.7 acres of excess land as part of the package. Based on preliminary assumptions provided in the marketing, the site could support approximately 20 additional units, subject to buyer verification. The property is described as having potential for mixed-use development, including a new building with ground-floor retail and multifamily above aligned with the City’s vision for the corridor; however, the buyer should verify feasibility and entitlements.
The property is located at 1625 Mercy Dr, Orlando, FL and is offered for sale.
Key Highlights
- 40‑unit multifamily complex on one two‑story concrete‑block building totaling approx. 36,664 gross SF
- Unit mix: 12 one‑bedroom/one‑bath and 28 two‑bedroom/one‑bath units
- Separately metered electric with tenant‑paid electricity
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $959.6k | $25.20 |
| − Vacancy | −$62.4k | −$1.64 |
| EGI | $897.2k | $23.56 |
| − OpEx | −$403.8k | −$10.60 |
| NOI | $493.5k | $12.96 |
38,080 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$7.05M
$6.17M – $8.22M
NOI $493,483 @ 7.0% cap · market cap 8.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.27M
$10.73M – $14.31M
NOI $858,683 @ 7.0% cap · market cap 15.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Riviera Villas Apartments
Apartment Building
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Concrete-block, pitched-roof apartment building with 12 one-bedroom and 28 two-bedroom units, separately metered electric.
Where is this apartment building located?
The property is located at 1625 MERCY DR Orlando, FL.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: 40‑unit multifamily complex on one two‑story concrete‑block building totaling approx. 36,664 gross SF; Unit mix: 12 one‑bedroom/one‑bath and 28 two‑bedroom/one‑bath units; Separately metered electric with tenant‑paid electricity
