7340 Harding Ave,Attached, Quadruplex, Quadruplex, Fourplex, Harding Townsite

7340 Harding Ave, Miami Beach, Florida, 33141

Price $3,985,000.00

  • Lot size 10880
  • Year Build 1947
  • Waterfront
  • Zip 33141
  • Style Attached
  • Parking Description
  • Pool Yes
  • Status Active

Description

This is a unique opportunity to tap into the short term rental market and make excellent profits. The building is one of the very few fully approved and permitted Permits in place by City of Miami Beach to be run as AirB'n'B. This 16 unit apartment building is located only 2 blocks from the ocean, North Shore Park and Tennis Center. Most of the units have been completely remodeled. Several ways to maximize its potential are easily obtainable.Owner currently has an LOI from a current AirB'n'B operator, who successfully manages some of the units, and potentially he could take over the whole building as NN producing a healthy 5.6% CAP. Or, operate it with no middle man and maximize the CAP to 7.1% according to our very conservative estimate.

Wonderful location 2 blocks from the beach. ?Most units are fully remodeled. ?Some units are run as AirB'n'B with wholesome returns. ?Permits in place for Short Term Rentals/Boutique Hotel. ?Area is experiencing tremendous growth with new developments being proposed just a few blocks away. DRIVE BY/WALK AROUND THE PROPERTY BUT, PLEASE DO NOT DISTURB TENANTS

2 53 42 HARDING TOWNSITE PB 34-4 LOT 2 BLK 8 LOT SIZE 50.000 X 150 OR 19069-3573 0300 5 COC 22701-0358 09 2004 1

Less Than 1/4 Acre Lot

This is a unique opportunity to tap into the short term rental market and make excellent profits. The building is one of the very few fully approved and permitted Permits in place by City of Miami Beach to be run as AirB'n'B. This 16 unit apartment building is located only 2 blocks from the ocean, North Shore Park and Tennis Center. Most of the units have been completely remodeled. Several ways to maximize its potential are easily obtainable.Owner currently has an LOI from a current AirB'n'B operator, who successfully manages some of the units, and potentially he could take over the whole building as NN producing a healthy 5.6% CAP. Or, operate it with no middle man and maximize the CAP to 7.1% according to our very conservative estimate.

City:Miami Beach,Zoning:3900,List A O R:A-Miami Association of REALTORS,Tax Year:2020,Latitude:25.859246,Malone Id:1001921545,Cooling Y N:1,List Price:3985000,Listing Id:A11050949,Longitude:-80.122516,Mls Status:Active,Year Built:1947,Living Area:10880,Postal Code:33141,Street Name:Harding Ave,Coordinates:1:25.859246,Photos Count:37,Building Name:HARDING TOWNSITE,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M L S Area Major:Harding Townsite,On Market Date:2021-06-02,Parcel Number:02-32-02-003-0900,Property Type:Residential Income,Stories Total:2,Street Number:7340,M I A M I R E_ Style:Fourplex,Public Remarks:This is a unique opportunity to tap into the short term rental market and make excellent profits. The building is one of the very few fully approved and permitted Permits in place by City of Miami Beach to be run as AirB'n'B. This 16 unit apartment building is located only 2 blocks from the ocean, North Shore Park and Tennis Center. Most of the units have been completely remodeled. Several ways to maximize its potential are easily obtainable.Owner currently has an LOI from a current AirB'n'B operator, who successfully manages some of the units, and potentially he could take over the whole building as NN producing a healthy 5.6% CAP. Or, operate it with no middle man and maximize the CAP to 7.1% according to our very conservative estimate.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2022-07-01,Private Remarks:Wonderful location 2 blocks from the beach. ?Most units are fully remodeled. ?Some units are run as AirB'n'B with wholesome returns. ?Permits in place for Short Term Rentals/Boutique Hotel. ?Area is experiencing tremendous growth with new developments being proposed just a few blocks away. DRIVE BY/WALK AROUND THE PROPERTY BUT, PLEASE DO NOT DISTURB TENANTS,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2781,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:HARDING TOWNSITE,Tax Annual Amount:43249,Unparsed Address:7340 Harding Ave, Miami Beach FL 33141,Listing Agreement:Exclusive Agency,Year Built Details:Resale,Building Area Total:10880,Building Area Units:Square Feet,Lot Size Square Feet:10880,M I A M I R E_ L P Amt Sq Ft:366.2684,Original List Price:3985000,Public Survey Range:32,Documents Available:1:Investment Analysis,2:Copy Of Lease(S),I D X Participation Y N:1,Number Of Units Total:16,Syndication Remarks:This is a unique opportunity to tap into the short term rental market and make excellent profits. The building is one of the very few fully approved and permitted Permits in place by City of Miami Beach to be run as AirB'n'B. This 16 unit apartment building is located only 2 blocks from the ocean, North Shore Park and Tennis Center. Most of the units have been completely remodeled. Several ways to maximize its potential are easily obtainable.Owner currently has an LOI from a current AirB'n'B operator, who successfully manages some of the units, and potentially he could take over the whole building as NN producing a healthy 5.6% CAP. Or, operate it with no middle man and maximize the CAP to 7.1% according to our very conservative estimate.,Listing Contract Date:2021-06-02,Originating System I D:miamire,Public Survey Section:2,Showing Instructions:Other Showing Instruction,Street Number Numeric:7340,Tax Legal Description:2 53 42 HARDING TOWNSITE PB 34-4 LOT 2 BLK 8 LOT SIZE 50.000 X 150 OR 19069-3573 0300 5 COC 22701-0358 09 2004 1,Public Survey Township:32,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:$1,M I A M I R E_ Adjusted Area S F:9792,Association Fee Frequency:Annually,Contract Status Change Date:2021-06-02,Internet Address Display Y N:1,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:366.27,

  • Price $3,985,000.00
  • Price Change: 2021-06-02
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1947
  • Waterfront
  • View
  • Pool Yes
  • Style Attached
  • Construction CBS Construction
  • Parking Description
  • Flooring Type Other
  • Property Type Residential Income
  • Status Active
  • Listed 2021-06-02
  • Days on Market 22
  • Furnished
  • City Miami Beach
  • Zip 33141
  • State Florida
  • Subdivision HARDING TOWNSITE
  • Development Name HARDING TOWNSITE, Harding Townsite
  • HOA Fees 0
  • Taxes 43249
  • Taxes Year 2020