7936 Harding Ave ,Residential-multi-family for Sale

7936 Harding Ave for Sale

Price $2,950,000.00

• Lot size 5500
• Year Build 1938
• Waterfront
• Zip 33141
• Style
• Parking Description
• Pool Yes
• Status Active

Description

The SeaSide Suites are unique in that 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 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. Please see attached Offering memorandum for additional information.

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.

GARDEN SUB AMD PL PB 31-9 LOT 5 BLK 4 LOT SIZE 50.000 X 110 OR 16239-3034 0294 4

Beach Access, City Location, In Residential Area

The SeaSide Suites are unique in that 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 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. Please see attached Offering memorandum for additional information.

City:Miami Beach,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:25.8122322,List Price:2950000,Listing Id:A11523672,Longitude:-80.1340174,Mls Status:Active,Year Built:1938,Directions:Use NAV or GPS,Inclusions:Building & Land,Postal Code:33141,Street Name:Harding Ave,Coordinates:1:25.8122322,Lot Features:1:City Location,2:In Residential Area,Photos Count:18,Lot Size Units:Square Feet,M I A M I R E_ Area:32,On Market Date:2024-01-30,Parcel Number:02-32-27-015-0310,Property Type:Commercial Sale,Stories Total:2,Street Number:7936,Public Remarks:The SeaSide Suites are unique in that 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 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. Please see attached Offering memorandum for additional information.,County Or Parish:Miami-Dade County,List Office Name:The Keyes Company,Private Remarks: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.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:3816,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:W,Tax Annual Amount:21291,Unparsed Address:7936 W Harding Ave, Miami Beach FL 33141,Listing Agreement:Exclusive Right To Sell,Operating Expense:44599,Security Features:1:Security Fence,Building Area Total:4640,Building Area Units:Square Feet,Lot Size Square Feet:5500,M I A M I R E_ For Sale Y N:1,Number Of Buildings:1,Original List Price:2950000,Public Survey Range:32,I D X Participation Y N:1,Net Operating Income:119801,Syndication Remarks:The SeaSide Suites are unique in that 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 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. Please see attached Offering memorandum for additional information.,Listing Contract Date:2024-01-30,Originating System I D:miamire,Public Survey Section:27,Showing Instructions:Call Listing Agent,Street Number Numeric:7936,Tax Legal Description:GARDEN SUB AMD PL PB 31-9 LOT 5 BLK 4 LOT SIZE 50.000 X 110 OR 16239-3034 0294 4,Gross Scheduled Income:164400,Public Survey Township:32,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:1%,M I A M I R E_ Internet Remarks:None,Contract Status Change Date:2024-01-30,Internet Address Display Y N:1,M I A M I R E_ Attribution Contact:305-467-4026,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,