8040 Harding Ave - Hospitality FOR SALE


Miami Beach, FL 33141- North Shore
$3,400,000 USD
954-661-4908
8040 Harding Ave, Miami Beach, FL for Sale
$3,400,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

8040 Harding Ave
Miami Beach, FL 33141
North Shore


HIGHLIGHTS

  • Flexible Investment Opportunity: Short-Term Rental or Multifamily Use
  • North Beach Short-Term Rental Property
  • Access & Connectivity
  • Area Amenities & Demand Drivers
  • Exceptional Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of 8040 Harding Avenue (herein referred to as “the property”), an 8-unit Licensed Short Term Rental Property located in the extremely rare and desirable North Beach neighborhood in Miami Beach. The property was constructed of concrete block in 1953, was renovated in 2018, and is situated on a 5,500 square foot lot with street parking. The property is comprised of eight (8), 2-Bedroom/1-Bathroom units across 5,824 square feet of living area. 8040 Harding Avenue is currently operating as a Short Term Rental Property (SRT Property). The property offers a secure gated property with lush landscaping and direct entry residential units providing a comfortable living experience for residents. The Offering provides the unique opportunity to acquire a well-maintained, turn key multi-family property in the heart of Miami Beach’s affluent North Beach neighborhood. The Property is well-located at the intersection of 81st Street and Harding Avenue, just steps from Collins Avenue (A1A) which is known globally for its diverse array of dining, entertainment, and shopping options, Normandy Isles, and Normandy Shores. The Property enjoys convenient access to public beaches (Miami Beach – North Beach and North Shore Park Beach), and major roads including A1A, SR 934, and SR 907. The Property also offers convenient access to Interstate 95, which provides regional connectivity to all of South Florida. 8040 Harding Avenue presents an investor the unique opportunity to acquire a well-located Licensed Short Term Rental Property in one of the most highly desirable submarkets within Miami Beach. With significant redevelopment occurring in the immediate area in Miami Beach and the South Florida market overall, new ownership should be able to benefit from the area’s buoyant future both in terms of consistent rent growth and appreciation over the long term.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$482 USD /SF

# OF ROOMS

8

PRICE/ROOM

$425,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8040 Harding Ave

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,500 SF

ZONING

3900

APN/PARCEL ID

02-3202-007-0400

ASK ABOUT THIS PROPERTY

David CohenHorvath & TremblayMore Info
954-661-4908

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David CohenHorvath & TremblayMore Info
954-661-4908

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