7936 Harding AVE, Miami Beach, FL 33141
7936 Harding AVE, Miami Beach, FL 33141
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Mario Taormina

Mario Taormina

+1(561) 235-9144
$ 2,059,000
Est. payment | /mo

4,640 SqFt

Save
$ 2,059,000
Est. payment | /mo
Save

4,640 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,640 sqft

Price per Sqft $443

MLS Listing ID A12056231

Construction Status Resale

HOA Y/N No

Year Built 1939

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type Multi Family

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.

Location

State FL

County Miami-dade

Area 2320

Zoning 3900

Interior

Interior Features InteriorFeatures

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Wood

Fireplace No

Exterior

Parking Features On Street

Water Access Desc Public

Roof Type Slate

Road Frontage City Street

Building

Lot Description City Lot

Building Description Block, Exterior Lighting

Sewer Public Sewer

Water Public

Structure Type Block

New Construction No

Construction Status Resale

Others

Tax ID 0232020070490

Security Features Security Gate,Security Fence

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

BeachesMLS, Inc. (FLR) IDX
Listed by Teodoro Palmieri Elite Ocean View Realty LLC
Mario Taormina

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(561) 235-9144

mario@mariotaormina.com

122 W Pine St, Orlando, FL, 32801-2647, USA

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7936 Harding AVE