Merrick Manor’s flexible bulk packages are already a big hit with savvy buyers, and the developer of the luxury Coral Gables building is kicking off 2023 with a brand-new incentive that makes the packages even more appealing.
Developer The Astor Companies is introducing new 3-unit and 5-unit packages with a $4 per square-foot rent guarantee for 12 months after closing. This is in addition to Astor leasing back each unit in the bulk package for 12 months, managing the units free of charge and covering HOA fees and real estate taxes during that timeframe.
The new 3-unit package has an introductory cap rate of 6.46%, while the 5-unit package has a 6.58% introductory cap rate.
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.