With all the talk about inflation and stock market declines, well-located real estate has never looked better as a hedge against economic volatility and way to diversify your portfolio. Class A real estate, such as Merrick Manor’s bulk condominium packages in Coral Gables, is even more desirable these days.
As the luxury building sells its last remaining inventory, Merrick Manor is making hassle-free 3 and 5-unit packages available for purchase. The Astor Companies, developer of Merrick Manor, is leasing back each unit in the bulk package for 12 months. Astor will manage the units free of charge and cover HOA fees and real estate taxes during that timeframe.
Below is an example of a 3-unit package with a total price of $1,519,970 and average yearly rent of $103,440.
Where else can you find Coral Gables real estate that offers both monthly income and long-term upside?
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 the new Sales Gallery in Suite 117 on the ground floor of the building at 301 Altara Ave., Coral Gables, FL 33146 – or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. The Sales Gallery is open from 10 a.m. to 6 p.m. on Monday through Friday and from 11 a.m. to 5 p.m. on Saturday and Sunday.
*****Buyer agents are eligible for a 3% co-broker commission for the bulk packages