7936 Harding Ave, Miami Beach, FL 33141
- $2,059,000
- List Price
- $2,059,000
- MLS#
- A12056231
- Status
- ACTIVE
- Type
- Commercial
Property 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.
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Additional Information
- Days on Market
- 8
- Parcel Number
- 02-32-02-007-0490
- Lot Size
- 5,500
- Address
- 7936 Harding Ave, Miami Beach
- Year Built
- 1939
- Section
- 2
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Listing Courtesy of Elite Ocean View Realty LLC, Contact: