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7710 Harding Ave
Miami Beach, FL 33141
Beachside Apartment Hotel · Hospitality Property For Sale
·
47 Rooms
INVESTMENT HIGHLIGHTS
- Attractive Art Deco Building in North Beach
- Excellent Location in North Beach Section of Miami Beach, Potential to operate as long term or short term rentals
- Impact Windows and Doors, Renovated Kitchens and Bathrooms
- Short Term Rental Building on Harding Avenue
- Close to World Class Shopping and Restaurants
- Secured Entrances and Courtyards
EXECUTIVE SUMMARY
The Beachside Apartment Hotel is a luxury apartment-style boutique hotel, 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. The Beachside is a 16-unit Art Deco apartment building that has operated as a boutique hotel for the last 10 years. There are currently four of the 16 units that are leased on a long term basis as furnished units. 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 property was built in 1950 and was renovated in 2015 to be operated as short term rental building. It sits on a corner lot that is approximately .25 acres and is zoned RM-1.
PROPERTY FACTS
| Price Per Room | $122,543 CAD | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 10,676 SF |
| Cap Rate | 5.38% | No. Rooms | 47 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1950/2018 |
| Building Class | C | Corridor | Exterior |
| Zoning | 3900 - Multi Family 10 Units Plus | ||
| Price Per Room | $122,543 CAD |
| Sale Type | Investment |
| Cap Rate | 5.38% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 10,676 SF |
| No. Rooms | 47 |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2018 |
| Corridor | Exterior |
| Zoning | 3900 - Multi Family 10 Units Plus |
AMENITIES
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 47 | $222.90 CAD | - |
PROPERTY TAXES
| Parcel Number | 02-3202-007-0620 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $4,108,439 CAD |
PROPERTY TAXES
Parcel Number
02-3202-007-0620
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,108,439 CAD
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