7451 Harding Ave - Apartments FOR SALE


Miami Beach, FL 33141- North Shore
$5,500,000 USD
786-564-2318
7451 Harding Ave, Miami Beach, FL for Sale
$5,500,000 USD
Apartments - FOR SALE
1/68
null | 6.13% Cap Rate

7451 Harding Ave
Miami Beach, FL 33141
North Shore


HIGHLIGHTS

  • Just one step from the beach, in the heart of Miami Beach and Art Deco District
  • Excellent investment property, mixed hotel apartments licensed, fully occupied, and easy to manage
  • High traffic community with access to Beach Front

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$601 USD /SF

# OF UNITS

24

PRICE/UNIT

$229,167

CAP RATE

6.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harding Beach

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,501 SF

ZONING

CD-2

APN/PARCEL ID

02-3202-003-0190

ASK ABOUT THIS PROPERTY

Roberto PecchiThe Corcoran GroupMore Info
786-564-2318

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Roberto PecchiThe Corcoran GroupMore Info
786-564-2318

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.