7936 Harding Ave, Miami Beach, FL 33141
8 Unit Apartment Building | $2,750,000 ($343,750/Unit) | 4.27% Cap Rate | Miami Beach, FL 33141
Asking Price $2,750,000
- Property Type
-
Multifamily
- Square Feet
- 4,864 SF
Listing Contacts
- Property Info
Property Overview
The SeaSide Suites are unique in that they offer the investor multiple plays. These include repositioning the property as a Short-Term Rental Hotel, constructing additional units in the rear yard, and raising rents to market prices. The Suites are perennially 100% occupied providing the owner/investor with steady income while new units are constructed or the requirements for Short-Term Rentals are completed.
Each of the eight Suites has been lovingly restored and meticulously maintained- both inside and out. All Suites contain full kitchens and private baths- all renovated with new central A/C, electrical and plumbing systems, fixtures and finishes, a new roof, and impact windows and doors. Truly Turnkey.
The Seaside Suites boast a spectacular location in Miami Beach just one block from the North Shore Open Space Park (36 acres) and one of the world’s most famous beaches. It lies tucked in a quiet residential neighborhood that is just three blocks from the commercial center of North Beach.
Suite Hotels have become the “go-to” destinations for vacationers, business travelers, and those seeking a non-traditional hotel experience. Seaside Suites are located within the Harding Avenue Overlay District (Route 1) permitting Short Term Rentals and offers eight stand-alone Suites. Please see Offering Memorandum for Additional Information.
Each of the eight Suites has been lovingly restored and meticulously maintained- both inside and out. All Suites contain full kitchens and private baths- all renovated with new central A/C, electrical and plumbing systems, fixtures and finishes, a new roof, and impact windows and doors. Truly Turnkey.
The Seaside Suites boast a spectacular location in Miami Beach just one block from the North Shore Open Space Park (36 acres) and one of the world’s most famous beaches. It lies tucked in a quiet residential neighborhood that is just three blocks from the commercial center of North Beach.
Suite Hotels have become the “go-to” destinations for vacationers, business travelers, and those seeking a non-traditional hotel experience. Seaside Suites are located within the Harding Avenue Overlay District (Route 1) permitting Short Term Rentals and offers eight stand-alone Suites. Please see Offering Memorandum for Additional Information.
Property Details
- Class
- C
- Year Built/Renovated
- 1939/2022
- Stories
- 2
- Lot Size (sq. ft)
- 5,663 SF
- Units
- 8
Highlights
- Zoned for Hotel/Sort-Term Rentals
- One Block to Park & Beach
- Meticulously Renovated
- Four 1BRs and 4 Studios
- Additional Land for more Units
- Recertified in 2022
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