7936 Harding Ave
$2,059,000
7936 Harding Ave, Miami Beach, FL 33141
4,640 sqft
Building Size
8
Units
Details:
Highlights:
- Lot Features: City Location
- Building Features: Exterior Lighting
- Documents Available: Copy Of Lease(S)
- Cooling: Wall/Window Unit(s)
- Heating: Wall/Window Units
- Flooring: Wood
- Construction Materials: CBS Construction
- Parking Features: On Street
- Security Features: Security Fence, Security Gate
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.
Location
