7936 Harding Ave
Miami Beach, FL 33141
MLS# A12056231
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Property Details
Bedrooms
Bathrooms
Square Feet
4,640
Year Built
1939
Property Type
Income/MultiFamily
Status
Active
Description
A premier, income-generating multifamily asset in a highly coveted Miami Beach location. The standalone building is exceptionally well-maintained, featuring key capital improvements including impact windows throughout, newly installed individual split A/C units, and a fully completed 40-year recertification. 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.
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