December 6, 2022 December 8th, 2022 Residence Spotlights, Uncategorized

Merrick Manor 5-Unit Package: 6.97% Cap Rate and HOA Fees/Taxes Covered for 12 Months!

Merrick Manor’s flexible bulk packages are getting tremendous interest as a perfect hedge against inflation and broader economic uncertainty. The luxury Coral Gables building’s newest bulk offering is an even more enticing opportunity due to its unbeatable combination of stable income, hands-on management from Merrick Manor’s developer and future upside.

The new 5-unit package has an introductory cap rate of 6.97%, which gives it much more potential than traditional multifamily communities can offer these days. Merrick Manor developer The Astor Companies is also 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.

In these turbulent times, Merrick Manor’s flexible bulk packages are the safest bet in town. 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.” The building is surrounded by three championship golf courses and is just 20 minutes from Miami Beach.

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.