301 Altara Ave, Coral Gables FL 33146 301 Altara Ave, Coral Gables FL 33146 301 Altara Ave, Coral Gables FL 33146 301 Altara Ave, Coral Gables FL 33146 301 Altara Ave, Coral Gables FL 33146 301 Altara Ave, Coral Gables FL 33146 301 Altara Ave, Coral Gables FL 33146 301 Altara Ave, Coral Gables FL 33146 301 Altara Ave, Coral Gables FL 33146 301 Altara Ave, Coral Gables FL 33146 301 Altara Ave, Coral Gables FL 33146 301 Altara Ave, Coral Gables FL 33146 301 Altara Ave, Coral Gables FL 33146 301 Altara Ave, Coral Gables FL 33146 301 Altara Ave, Coral Gables FL 33146
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2,974,950
304 days
For Sale • 0 BEDS • 0 BATHS • 0 SQFT

Overview

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).

Facts and features

Type:
Commercial Sale
Year Built:
2019
Heating:
No Data
Cooling:
No Data
Parking:
• Assigned • Covered • Valet
Lot:
4,488 Square Feet
Price/sqft:
No Data

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2022-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: BHHS EWM Realty