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).
|Address||301 Altara Ave|
|Building||Merrick Manor Condos|
|Parking||Assigned, Covered, Valet|
|Interior||Ceramic Tile, Other|
|# of Stories||10|
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