Five-unit lease back investment opportunity with an avg. CAP rate of 5.49% for two years! Merrick Manor is located in the highly desirable Miami suburb of Coral Gables, a prestigious area that is home to the University of Miami, the iconic Biltmore Hotel & Golf Course, Shops at Merrick Park, 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. (Units #705, #532, #609, #634, #636).
Courtesy of: BHHS EWM Realty MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 7th December, 2021 5:50 AM