Six-Unit Multifamily
7640 Harding Avenue Miami Beach, FL 33141
For Sale
$1,950,000
Six-unit multifamily property with select renovations, impact windows and doors, new AC, and on-site laundry.
Property Size3,810 SF
Price / SF$511.81
Days on Market25
Property Features for 7640 Harding Avenue
General Information
- Standard status
- Active
- Size
- 3,810 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1950
Listing Agency:
Interealty Exchange Inc
(323) 304-7145
Listed By:
Federico Olivieri · License #R11153657
(323) 304-7145
Source:
Lehmannflorida
Added: Jun 30
Changed: Jul 21
Last Checked: Jul 23 at 5:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Interealty Exchange Inc
Investment Insights
Based on property information with market context.
This six-unit multifamily property is currently managed as long-term multi-family with the majority of leases month to month. Four of the six units have been remodeled, and recent improvements include new impact windows, new impact doors, new AC, and new laundry facilities.
The property is located in the North Beach district of Miami Beach and is described as one of the few properties in the Harding area where short-term uses are allowed, including an apartment hotel/short-term rental model. The public remarks also note it may be used as an Airbnb and bed and breakfast.
The building’s current operating setup and partial renovation make it suitable for buyers looking to maintain a multi-family arrangement or explore the short-term rental options described in the remarks.
The property is located in the North Beach district of Miami Beach and is described as one of the few properties in the Harding area where short-term uses are allowed, including an apartment hotel/short-term rental model. The public remarks also note it may be used as an Airbnb and bed and breakfast.
The building’s current operating setup and partial renovation make it suitable for buyers looking to maintain a multi-family arrangement or explore the short-term rental options described in the remarks.
Key Highlights
- Six‑unit multifamily property (built 1950) in the North Beach district/Harding area
- Short‑term rental uses are allowed, including Apartment Hotel, Airbnb, and bed and breakfast
- Managed as multi family with majority month‑to‑month leases
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.6k | $29.28 |
| − Vacancy | −$5.0k | −$1.32 |
| EGI | $106.5k | $27.96 |
| − OpEx | −$47.9k | −$12.58 |
| NOI | $58.6k | $15.38 |
3,810 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$837.1K
$732.4K – $976.6K
NOI $58,595 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.26M
NOI $135,308 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
FAQs
What type of property is this?
Apartment building - Six-unit multifamily property with select renovations, impact windows and doors, new AC, and on-site laundry.
Where is this apartment building located?
The property is located at 7640 Harding Avenue Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Six‑unit multifamily property (built 1950) in the North Beach district/Harding area; Short‑term rental uses are allowed, including Apartment Hotel, Airbnb, and bed and breakfast; Managed as multi family with majority month‑to‑month leases
