Urban Square 1625 Mercy Dr 40 Unit Apartment Building $5,600,000 ($140,000/Unit) Orlando, FL 32808

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.