7936 Harding Ave,Miami Beach, FL 33141
Miami Beach, FL 33141
Description
A premier, income-generating multifamily asset in a highly coveted Miami Beach location. 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
| MLS # | A12056231 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1939 |
| Days On Site | 50 |
| Listing Provided By | Elite Ocean View Realty LLC | Teodoro Palmieri |
Features
| SQ Feet | 4,640 |
|---|---|
| Units | 8 |
| Zoning | 3900 |
| Acreage | 5500.00 |
Parking
| Parking Features | On Street |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami Beach |
| Zip Code | 33141 |
| Area | 32 |
| Listing VS Median (in 33141) | |
Price: $2,059,000 low | high Med: $75,000 sqft: 4,640 low | high Med: 7,129 $ / sqft: $444 low | high Med: $11 On site: 50 low | high Med: 343 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami Beach |
| Zip Code | 33141 |
| Area | 32 |
| Listing VS Median (in 33141) | |
Price: $2,059,000 low | high Med: $75,000 sqft: 4,640 low | high Med: 7,129 $ / sqft: $444 low | high Med: $11 On site: 50 low | high Med: 343 | |
