Licensed Short Term Rental
8040 Harding Ave Miami Beach, FL 33141
For Sale
Contact for pricing
Eight 2-bedroom, 1-bath units in a renovated 1953 concrete-block building, operated as a licensed short-term rental property.
Property Size7,052 SF
Lot Size0.13 Acres
Price / SF$482.13
Days on Market109
Property Features for 8040 Harding Ave
General Information
- Standard status
- Active
- Size
- 7,052 SF
- Lot size
- 0.13 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1952
Listing Agency:
Horvath & Tremblay
Listed By:
David Cohen · License #SL3282943
Source:
Crexi
Added: Apr 6
Changed: Jul 21
Last Checked: Jul 23 at 6:18AM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
Horvath & Tremblay is pleased to present the exclusive sale of 8040 Harding Avenue, an 8-unit licensed short-term rental property. The building was constructed of concrete block in 1953 and renovated in 2018. The property contains eight 2-bedroom, 1-bathroom units and provides direct entry to the residences. It is presented as a secure, gated property with landscaping and on-site street parking.
The property is located at the intersection of 81st Street and Harding Avenue, just steps from Collins Avenue (A1A), with access to public beaches including Miami Beach–North Beach and North Shore Park Beach. Major road access includes A1A, SR 934, and SR 907, along with convenient connectivity to Interstate 95.
The offering includes eight residential units totaling 5,824 square feet of living area.
The property is located at the intersection of 81st Street and Harding Avenue, just steps from Collins Avenue (A1A), with access to public beaches including Miami Beach–North Beach and North Shore Park Beach. Major road access includes A1A, SR 934, and SR 907, along with convenient connectivity to Interstate 95.
The offering includes eight residential units totaling 5,824 square feet of living area.
Key Highlights
- 8‑unit licensed short‑term rental property in Miami Beach’s North Beach neighborhood
- Built in 1952; concrete‑block construction with renovation completed in 2018
- Eight 2‑bedroom/1‑bath units totaling 5,824 SF of living area
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 | $206.5k | $29.28 |
| − Vacancy | −$9.3k | −$1.32 |
| EGI | $197.2k | $27.96 |
| − OpEx | −$88.7k | −$12.58 |
| NOI | $108.5k | $15.38 |
7,052 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,455 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.58M
$3.13M – $4.17M
NOI $250,444 @ 7.0% cap · market cap 7.37%
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?
Short term rental property - Eight 2-bedroom, 1-bath units in a renovated 1953 concrete-block building, operated as a licensed short-term rental property.
Where is this short term rental property located?
The property is located at 8040 Harding Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 8‑unit licensed short‑term rental property in Miami Beach’s North Beach neighborhood; Built in 1952; concrete‑block construction with renovation completed in 2018; Eight 2‑bedroom/1‑bath units totaling 5,824 SF of living area
