7451 Harding Ave Miami Beach, FL 33141

This exceptional Miami Beach multifamily investment property, located at 7451 Harding Ave, offers 24 units (mix of 2-bedroom, 1-bedroom, and efficiencies) in a prime location, just steps from the beach and within the Art Deco District. The 9,154 square foot building, constructed in 1947 and situated on a 7,500 square foot lot, boasts 100% occupancy and a strong NOI of $393,248, resulting in a 6.34% cap rate. Priced at $6,200,000 ($677.30/sq ft and $258,333.33/unit), this stabilized investment presents a compelling opportunity. The property features individual AC units, a common laundry area, and fire/smoke alarms. It's fully occupied and licensed for short-term rentals, offering ease of management. The COMMERCIAL zoning permits hotel, retail, and development options, providing significant future potential. The building underwent re-certification in May 2017 and is offered fee simple and unencumbered, allowing for maximum flexibility for the new owner. This is a rare opportunity to acquire a highly profitable, well-maintained multifamily property in one of Miami Beach's most desirable locations.