7936 Harding Ave, Miami Beach FL 33141
Miami Beach, FL 33141
$2,059,000
1 / 42
- Price
- $2,059,000
- Building size
- 4,640
- Property type
- Income/MultiFamily
- Year built
- 1939
- Lot size (sq ft)
- 5,500
- MLS number
- A12056231
This listing is courtesy of Elite Ocean View Realty LLC, 305-600-1278.
About this property
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.
Details
- Property type
- Income/MultiFamily
- Year built
- 1939
- Lot size (sq ft)
- 5,500
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC