7710 Harding Ave, Miami Beach, FL 33141

The Beachside Apartment Hotel is a 16-unit Art Deco apartment building that has operated as a boutique hotel for the last 10 years. Located in the North Beach section of Miami Beach, the property offers guests fully furnished studio and one-bedroom apartments with fully equipped kitchens, just steps from the Atlantic Ocean. Built in 1950 and renovated in 2015, the property sits on a corner lot that is approximately 0.25 acres and is zoned RM-1. There are currently four of the 16 units that are leased on a long term basis as furnished units. The building has gone through a number of upgrades under the current ownership, including updated units with new kitchens and bathrooms, tile floors, impact windows, new railings, a roof replacement in 2019, and updated common area landscaping. The property features a lushly landscaped courtyard with multiple sitting areas with secured entrances, as well as on-site laundry facilities for guests. The property is ideally located on Harding Avenue (A1A) in the North Beach area of Miami Beach and is one of a handful of properties in the North Beach market that has the proper location to legally operate as a short-term rental property. The North Beach area of Miami Beach is known for its more laid-back, local, and community-focused atmosphere. Beachside Apartment Hotel is ideally located in the heart of North Beach fronting on Harding Avenue one block from the Atlantic Ocean and Altos Del Mar Park. Beachside Apartment Hotel is located a short distance from world class shopping such as Bal Harbor Shops, excellent restaurants and bars are also walking distance. The North Beach market is in the process of revitalization and growth with the implementation of the Town Center District which spans from 69th Street, north to 72nd Street and from Collins Avenue to the Indian Creek Waterway. There are a number of projects in various stages of development with several projects already being developed, including Ocean Terrace Residence on Ocean Terrace, updating the North Beach Oceanside Park and Ocean Terrace Park. The property also sits just south of Surfside and Bal Harbour. An investor has the opportunity to purchase an existing boutique hotel or convert the property to long term rentals and rent as either furnished or unfurnished units.