Merrick Manor’s final few rented condominiums not only offer an unbeatable combination of immediate income and long-term upside, they provide the best current value for newer condo product in Coral Gables. Let’s dive deeper into the reasons why that is the case.
Within Merrick Manor, the remaining available rented one-bedrooms are on average over 2% less expensive than comparable resales in the building on a price per square foot basis. Think about that for a second. You can purchase a rented one-bedroom directly from Merrick Manor’s developer – who ensures the highest level of upkeep for the unit – at a lower cost than buying a one-bedroom from an individual owner.
Additionally, Merrick Manor has the newest product priced under $600,000 in the City Beautiful by a significant margin. The next newest building with such inventory is a decade older.
Income from day one + long-term upside + a purchase price lower than Merrick Manor resales = a no-brainer.
Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor is just steps away from the world-class Shops at Merrick Park and has a Zillow Walk Score of 77, making it “very walkable.”
Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative for Merrick Manor.
For more information about the residences at Merrick Manor, visit our Model Residence 527 on the at 301 Altara Ave., Coral Gables, FL 33146 – or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. Open from 11 a.m. to 5 p.m. on Monday through Friday and weekends by appointment.
