7610 Harding Ave, Miami Beach, FL 33141

FLEXIBLE INVESTMENT OPPORTUNITY: SHORT-TERM RENTAL OR MULTIFAMILY USE

7610 Harding Avenue offers unparalleled flexibility for both short-term rental operations and multifamily leasing. Strategically located high-demand areas, the asset provides investors with the unique advantage of dual-use optionality — maintaining its current short-term rental model or transitioning seamlessly into long-term multifamily housing.

Key features include:

• Adaptable Income Streams: Operate as a high-performing short-term rental, pivot to stable long-term leases, or implement a hybrid strategy to maximize occupancy and revenue.

• Modern, Tenant-Ready Units: 11 stylish, fully equipped apartments designed to appeal to both transient guests and long-term residents.

• Prime Location: Situated near major transit routes, business districts, and local amenities — ensuring strong demand from both short-stay travelers and permanent tenants.

• Scalable Investment: The property's layout and design support flexible leasing strategies, allowing investors to respond dynamically to market shifts and regulatory changes.

This property presents a rare opportunity for investors seeking both immediate cash flow and long-term value appreciation. Whether maintaining the short-term rental model, transitioning to multifamily use, or balancing both, this asset offers the versatility needed to adapt to evolving market conditions.

NORTH BEACH SHORT-TERM RENTAL PROPERTY

The Property presents a rare investment opportunity in one of the nation’s most robust short-term rental markets. These well-maintained short-term rental units benefit from high occupancy rates and strong daily rates, driven by the area's limited short-term rental inventory.

In Miami Beach legal short-term rental properties, such as the 7610 Harding Avenue, are scarce due to strict local regulations that limit their operation. Most residential areas prohibit rentals shorter than six months and a day, with only specific zones and buildings allowing legal short-term stays, often requiring proper licensing and compliance with city ordinances.

What sets this Property apart is its superior units – offering fully furnished, spacious two bedroom apartments. Unlike traditional hotel rooms, these units are superior and do not compete directly with hotels, as they can accommodate larger families and groups seeking additional in-room space, full kitchens, and amenities—features that are increasingly in demand in today’s travel market. Additionally, a significant percentage of STR properties in Miami-Dade County consists of poorly maintained or unrenovated, lower-quality units in less desirable locations compared to the portfolio being offered.

Significantly lower labor and operational costs compared to hotels result in higher net operating incomes (NOIs).

With the ongoing capital migration to South Florida fueling both tourism and long-term economic growth, this investment is well-positioned for continued appreciation.

ACCESS & CONNECTIVITY

7610 Harding Avenue in Miami Beach offers strong connectivity across multiple modes of transportation. Miami-Dade County bus routes connect residents to all of Miami Beach, Downtown Miami, Miami International Airport, and other regional hubs, while the city also supports on-demand services like Freebee to supplement local mobility. For drivers, the property benefits from close access to Normandy Drive (State Road 934), 96th Street, Alton Road (State Road 907) and Interstate 195, which link South Beach directly to I-95 and the greater Miami area. Miami International Airport is only 10–15 miles away, typically a 25–30 minute drive, while Fort Lauderdale-Hollywood International Airport is also accessible within a longer commute.

AREA AMENITIES & DEMAND DRIVERS

The surrounding neighborhood features a blend of local retail shops, restaurants, service providers, schools, parks, and community resources. Miami Beach benefits from a strong employment base anchored by the tourism, hospitality, and healthcare sectors, with major employers including renowned resorts, Mount Sinai Medical Center, and educational institutions. Ongoing development and revitalization projects, along with Miami Beach’s desirable coastal setting, support sustained residential and commercial demand in the area.

AREA DESCRIPTION

Miami Beach is a south Florida island city, connected by bridges to mainland Miami. Wide beaches stretch from North Shore Open Space Park, past palm-lined Lummus Park to South Pointe Park. The enclave known as North Beach runs from 60th Street up to the town of Surfside. In this largely residential area, you won’t see the Art Deco buildings that characterize South Beach. Instead, the striking architectural style is Miami Modernism (MiMo) architecture. The broad beach is just as alluring, as residents and visitors flock to the numerous public beaches that line the shore. North Beach is known as a tropical paradise where one can both relax and have easy access to all of the exciting watersports, and activities that South Florida is so celebrated for.

Located beachside in the North Shore Historic District, Miami Beach Bandshell is an open-air amphitheater known for its consistent lineup of international and local musicians. Managed by Rhythm Foundation since 2015, the Bandshell has welcomed diverse acts from all over the world and has also hosted music festivals such as GroundUp Music Festival and community gatherings such as North Beach Social every third Thursday of the month.

North Beach Oceanside Park, located between 78th Street and 87th Street, is a beautiful gem in the heart of North Beach offering a natural and calming oasis. The park is bordered by a row of dunes leading to an open expanse of tranquil beach with lifeguards on duty and plenty of room to spread out and listen to the sounds of the waves as one soaks up the sun.

The Property is also close to the Bal Harbour Shops, located in glamorous Bal Harbour Village, the mall is known for its high-end stores, designer boutiques and extravagant restaurants. The stores feature a mix of designer brands such as Gucci, Chanel and Prada as well as local designers, offering visitors a unique shopping experience.

EXCEPTIONAL DEMOGRAPHICS

Over 26,700 people live within 1 mile of the Property with an average household income of $113,261. More than 84,100 people live within 3 miles of the Property with an average household income of $165,553. Additionally, there are over 26,100 employees within 3 miles of the Property.