Harding Beach | 7451 Harding Ave
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Harding Beach 7451 Harding Ave
24 Unit Apartment Building $6,200,000 ($258,333/Unit) 7.06% Cap Rate Miami Beach, FL 33141
Investment Highlights
- Just one step from the beach, in the heart of Miami Beach and Art Deco District
- High traffic community with access to Beach Front
- Excellent investment property, mixed hotel apartments licensed, fully occupied, and easy to manage
- Located on A1A Expressway
Executive Summary
Just one step from the beach, in the heart of Miami Beach and Art Deco District, this classic 24 mix units 2 bedrooms, 1 bedrooms and efficiencies is an excellent investment property, mixed hotel and apartments license, fully occupied, and easy to manage.
Commercial District Zoning allows hotel, retail and developments.
The property offer fire and smoke alarm, individual AC units in each unit, common laundry site.
The property is offered fee simple and unencumbered by brand and management, affording a new owner maximum flexibility.
The building has been re-certified (40 years) in May 2017.
Motivated seller, sed your offer!
Commercial District Zoning allows hotel, retail and developments.
The property offer fire and smoke alarm, individual AC units in each unit, common laundry site.
The property is offered fee simple and unencumbered by brand and management, affording a new owner maximum flexibility.
The building has been re-certified (40 years) in May 2017.
Motivated seller, sed your offer!
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Amenities
- Air Conditioning
- Cable Ready
- Kitchen
- Hardwood Floors
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | $1,400 | 280 - 300 |
| 1+1 | 10 | $2,250 | 500 - 550 |
| 2+2 | 2 | $2,850 | 1,000 |
Walk Score ®
Walker's Paradise (94)
Bike Score ®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 02-3202-003-0190 | Total Assessment | $3,420,000 (2024) |
| Land Assessment | $1,950,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,470,000 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
02-3202-003-0190
Land Assessment
$1,950,000 (2024)
Improvements Assessment
$1,470,000 (2024)
Total Assessment
$3,420,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | CD-2 (The CD-2 commercial, medium intensity district provides for commercial activities, services, offices, hotels, motels, and apartments.) |
| CD-2 (The CD-2 commercial, medium intensity district provides for commercial activities, services, offices, hotels, motels, and apartments.) |
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Harding Beach | 7451 Harding Ave
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