Urban Square Multifamily Development

1625 Mercy Dr, Orlando, FL 32808

Description 100Units.com presents Urban Square Multifamily Development which is an existing 40 unit multifamily complex & development site approved for an additional 189 units for a total of 229 units. The development site is within the Mercy Drive-Packing District Opportunity Zone and is approved for a total of 229 units. The existing structure is of concrete block construction with pitched-shingled roofing, consisting of 1 two-story apartment building with a total of approximately 36,664 gross square feet and is situated on three parcels consisting of 9.8 acres. Ideally located under fifteen minutes to Interstate-4, Camping World Stadium, and Downtown Orlando. Half an hour to the University of Central Florida, Disney, and Orlando International Airport. Professional property management company in place who is willing to work with the new owner. This property consists of 3 parcels: 1 parcel is the existing building (assumable loan at 2.9% only on this parcel) and 2 parcels that are vacant and ready for development. Highlights Opportunity Zone Development Site For A Total of 229 Units Development Site Approved For 229 Units; 40 Existing Units Year 1 Scheduled Income $645,600 For Existing Units Minutes Away From Downtown Orlando Located in A Opportunity Zone Concrete Block Construction Desirable Unit Mix Separately Metered For Electric History of High Occupancy Ample Parking

Contact

Broker or Owner Contact
Joe LaFleur
,
Phone: (866) 468-6487
joe@100units.com
ED Contact
Robert Collins
Orlando Utilities Commission
100 W Anderson St
Orlando, FL 32801
Phone: (407) 423-9100
rcollins@ouc.com

Building

Property ID 639
Building Size
Site Size (acres)
Zoning
Year Built 1966
Number of Drive-In Doors
Number of Dock-In Doors
Clearance Height
Drive-in Doors no
Sprinklered no
Parking Ratio 0
Updated
Number of Parking Spaces
Parking no
HVAC

Pricing

For Sale yes
Sale Price 8900000
For Lease no
Lease Type
Lease Cost 0

Geographic and Infrastructure

Latitude 28.5636338
Longitude -81.4287997
County Orange County
Rail Access no

Utilities

Service to Property no
Electric Provider
Gas On Site no
Gas Provider
Water On Site no
Water Provider
Fiber Optics no
Telecom on Site no
Sewer On Site no
Sewer provider