7936 Harding Ave, Miami Beach, FL 33141
sale
$2,059,000
|
Other
Courtesy Of Elite Ocean View Realty
A premier, income-generating multifamily asset in a highly coveted Miami Beach location. The standalone building is exceptionally well-maintained, featuring key capital improvements including impact windows throughout, newly installed individual split A/C units, and a fully completed 40-year recertification. This standalone building features 8 stabilized units (4 studios and 4 one-bedrooms) producing a strong gross income of $164,400 per year against lean operating expenses of $40,777, resulting in a predictable Net Operating Income (NOI) of $123,623.The Ultimate Upside: Short-Term Rental Zoning. While currently fully occupied on steady one-year leases, the true alpha of this property lies in its zoning flexibility. The asset sits in a rare Miami Beach district that explicitly permits short-term rentals (STR). This allows a new owner to seamlessly pivot the asset into a high-yield vacation rental or flexible-stay model, exponentially increasing the gross revenue and cap rate.
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Property Features
- Age: Over 50 Years Old
- Amenities: Security System
- Building Units: 8
- Cooling System: Window Unit(s)
- Cooling System: Wall/Window Unit(s)
- Exterior Type: Block
- Exterior Type: CBS (Concrete Block Structure)
- Floor Covering: Wood
- Floor Covering: Hardwood
- Heating System: Wall Furnace
- Legal Description: 2 53 42 ALTOS DEL MAR NO 3 PB 8-41 LOT 11 LESS E2.5FT BLK 8 LOT SIZE 50.000 X 110 OR 18111-4067 0598 1 COC 24736-2397 07 2006 1
- MLSID: A12056231
- Roof Type: Slate
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