USD 2,974,950

301 Altara Ave
Coral Gables, Florida 33146

For Sale

Property Description

Five-unit lease back investment opportunity with an avg. CAP rate of 5.49% for two years! Merrick Manor is located in the highly desirable Miami suburb of Coral Gables, a prestigious area that is home to the University of Miami, the iconic Biltmore Hotel & Golf Course, Shops at Merrick Park, a substantial employment base, many cultural and entertainment amenities and a rapidly growing residential population. Developer will lease back any unit for two years. Developer will pay two years of the HOA and real estate taxes at closing, and will also manage the properties free of charge for two years. (Units #705, #532, #609, #634, #636).

Listed by BHHS EWM Realty

Property Details

ID #
A11017386
Status
Sale
Type
Commercial, Industrial
Zip Code
33146
Year Built
2019
Parking
Covered parking, Assigned Parking, Valet Parking
Construction
CBS Construction, New Construction
Floor
Ceramic Floor
Green Energy
Thermostat
Location
In Residential Area
Occupancy
Tenant Occupied
Storm Protection
Clear Impact Glass
Type of Building
Condominium, Residential-Multi-Family
Utilities
Internet
Building Feature
Doorman/guard, Lobby, Security system, Smoke alarms
Miscellaneous
Balconies, Exterior Lighting, Manager On Premises, Pool, Trash Chute

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