Discover an exceptional investment opportunity in the vibrant heart of Miami Beach's Art Deco District, just steps from the pristine shoreline. Harding Apartments features 24 mixed units, including 2-bedroom, 1-bedroom, and efficiency apartments, all under a unique mixed hotel and apartment license. With 12 hotel rooms and 12 rooms month to month lease, this property is fully occupied and easy to manage, offering a steady stream of income.
Situated in a prime commercial district, the zoning allows for hotel, retail, and development projects. The City of Miami Beach is currently undergoing a significant redevelopment initiative, enhancing the area with new pathways, landscaping, bike lanes, water features, and more. Future plans include a 20-story residential tower and an 11-story hotel, promising increased parking and over 525,694 sq. ft. of new real estate development.
Harding Apartments boasts essential amenities such as fire and smoke alarms, air conditioning in each unit, and a common laundry facility. Offered fee simple and free from brand and management constraints, this property provides maximum flexibility for new ownership. Re-certified in May 2017, it promises strong rental income with scheduled increases, making it a lucrative investment in one of Miami's most desirable neighborhoods. The motivated seller invites offers for this unparalleled opportunity. Act now to secure your place in Miami Beach's thriving real estate market.