7936 Harding Ave - Apartments FOR SALE


Miami Beach, FL 33141
$2,400,000 USD
305-850-8424
7936 Harding Ave, Miami Beach, FL for Sale
$2,400,000 USD
Apartments - FOR SALE
1/21
null | 4.93% Cap Rate

7936 Harding Ave
Miami Beach, FL 33141


HIGHLIGHTS

  • Exceptional Hotel Opportunity
  • One Block to Park and Beach
  • All Units Fully Renovated
  • Addditional Land for More Units
  • Just 3 blocks North of Town Center
  • Beautiful Art Deco Trophy Building

OVERVIEW

The SeaSide Suites are unique because 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/or 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. 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. This is a truly turn-key asset with minimal improvements required for Hotel status. See attached OM for additional information.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$493 USD /SF

# OF UNITS

8

PRICE/UNIT

$300,000

CAP RATE

4.93%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The SeaSide Suites Miami Beach

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,502 SF

ZONING

RM-1

APN/PARCEL ID

02-3202-007-0490

ASK ABOUT THIS PROPERTY

Neal DeputyKeyes Commercial Real EstateMore Info
305-850-8424

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Neal DeputyKeyes Commercial Real EstateMore Info
305-850-8424

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