301 Altara Ave,Commercial Condo, Retail, Condominium, Residential-Multi-Family

301 Altara Ave, Coral Gables, Florida, 33146

Price $1,859,970.00

  • Lot size 286906
  • Year Build 2019
  • Waterfront
  • Zip 33146
  • Style
  • Parking Description Assigned, Covered, Valet
  • Pool Yes
  • Status Active

Description

The Astor Companies is pleased to offer a unique sale-leaseback investment opportunity of 3 residential condominium units (#505, #509, #536) with an avg. CAP rate of 5.53%. Merrick Manor is located in the highly desirable suburb of Coral Gables, a prestigious area that is home to the University of Miami, 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.

SEE MLS ATTACHMENTS. Sales Gallery open M-F 10AM-6PM, Sat-Sun 11AM-5PM. Developer units, can close as soon as 2 weeks. Pet-friendly building.

Merrick Manor Condominium

Other Location, In Residential Area

The Astor Companies is pleased to offer a unique sale-leaseback investment opportunity of 3 residential condominium units (#505, #509, #536) with an avg. CAP rate of 5.53%. Merrick Manor is located in the highly desirable suburb of Coral Gables, a prestigious area that is home to the University of Miami, 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.

City:Coral Gables,List A O R:A-Miami Association of REALTORS,Stories:10,Flooring:1:Other,Latitude:25.7336441,Malone Id:1046211720,List Price:1859970,Listing Id:A11016026,Longitude:-80.2617956,Mls Status:Active,Year Built:2019,Directions:US1 to LeJeune, then to Altara Ave. Sales office entrance on the corner of LeJeune & Altara next to lobby. Complimentary valet parking, entrance from Laguna St.,Postal Code:33146,Street Name:Altara Ave,Tenant Pays:1:Other,2:Water,Coordinates:1:25.7336441,Lot Features:1:In Residential Area,Photos Count:17,Business Type:1:Residential-Multi-Family,Days On Market:179,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,On Market Date:2021-03-19,Property Type:Commercial Sale,Stories Total:10,Street Number:301,Public Remarks:The Astor Companies is pleased to offer a unique sale-leaseback investment opportunity of 3 residential condominium units (#505, #509, #536) with an avg. CAP rate of 5.53%. Merrick Manor is located in the highly desirable suburb of Coral Gables, a prestigious area that is home to the University of Miami, 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.,Structure Type:1:Retail,County Or Parish:Miami-Dade County,Expiration Date:2022-03-19,Private Remarks:SEE MLS ATTACHMENTS. Sales Gallery open M-F 10AM-6PM, Sat-Sun 11AM-5PM. Developer units, can close as soon as 2 weeks. Pet-friendly building.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Parking Features:1:Covered,2:Valet,State Or Province:FL,Unparsed Address:301 Altara Ave, Coral Gables FL 33146,Building Features:1:Elevator,2:Exercise Room,3:Exterior Lighting,4:Lobby,5:Manager On Premises,6:Pool,7:Trash Chute,Listing Agreement:Exclusive Right To Sell,Security Features:1:Smoke Detector(s),2:Fire Sprinkler System,3:Security Guard,4:Security System,Year Built Details:New Construction,Building Area Total:286906,Building Area Units:Square Feet,Lot Size Square Feet:4488,New Construction Y N:1,Number Of Buildings:1,Original List Price:1859970,Public Survey Range:41,Documents Available:1:Bylaws And Documents,2:Inventory,3:Other Available Information,4:Photos,I D X Participation Y N:1,Syndication Remarks:The Astor Companies is pleased to offer a unique sale-leaseback investment opportunity of 3 residential condominium units (#505, #509, #536) with an avg. CAP rate of 5.53%. Merrick Manor is located in the highly desirable suburb of Coral Gables, a prestigious area that is home to the University of Miami, 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.,Listing Contract Date:2021-03-19,Originating System I D:miamire,Public Survey Section:20,Showing Instructions:Appointment Only,Call Listing Agent,Other Showing Instruction,Street Number Numeric:301,Tax Legal Description:Merrick Manor Condominium,Public Survey Township:41,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:3%,Association Fee Frequency:Monthly,Contract Status Change Date:2021-03-19,Internet Address Display Y N:1,Number Of Units In Community:3,Internet Consumer Comment Y N:1,Transaction Broker Compensation:3%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,

  • Price $1,859,970.00
  • Price Change: 2021-03-19
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 2019
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction CBS Construction
  • Parking Description Assigned, Covered, Valet
  • Flooring Type Ceramic Floor, Other
  • Property Type Commercial Sale
  • Status Active
  • Listed 2021-03-19
  • Days on Market 211
  • Furnished
  • City Coral Gables
  • Zip 33146
  • State Florida
  • Subdivision
  • Development Name
  • HOA Fees
  • Taxes
  • Taxes Year