301 Altara Ave

$2,974,950

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).

Essential Information

MLS® #A11017386
Price$2,974,950
Bathrooms0.00
Year Built2019
TypeCommercial Sale
Sub-TypeCondominium
StatusActive

Building Information

Address301 Altara Ave
Area40
BuildingMerrick Manor Condos
CityCoral Gables
CountyMiami-Dade County
StateFL
Zip Code33146

Amenities

ParkingAssigned, Covered, Valet

Interior

InteriorCeramic Tile, Other
# of Stories10

Exterior

WindowsImpact Glass
ConstructionBlock

Additional Information

Date ListedUnlock this data
Days on MarketUnlock this data
  • Office: BHHS EWM Realty

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