USD 1,859,970

301 Altara Ave
Coral Gables, Florida 33146

Beds
Baths

Property Description

The Astor Companies is pleased to offer a unique sale-leaseback investment opportunity of 3 residential condominium units (#505, #509, #536) with an avg. CAP rate of 5.53%. Merrick Manor is located in the highly desirable suburb of Coral Gables, a prestigious area that is home to the University of Miami, 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.

Listed by BHHS EWM Realty

Property Details

ID #
A11016026
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, Elevator, Lobby, Security system, Smoke alarms
Miscellaneous
Balconies, Exercise Room, Exterior Lighting, Manager On Premises, Pool, Trash Chute

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