Brown Harris Stevens | Established 1837

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8118 Harding Ave - $5,960,000

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OWNER VERY MOTIVATED!!!!! Rare opportunity to buy a boutique Hotel in Miami Beach just one block away from the ocean!22 totally reconstruction (can be 23 units) + Big Lobby for Breakfast + Patio for Events, all new units with European Modern Design , sale included Brand New Furniture, 8 (Eight) parking spaces on site. Hotel has been completely updated with new electrical, fire prevention system, security cameras surround sound Two 2-story buildings 13,750 sf - Property is currently rented with a triple net lease with cap on prop taxes annual income of $370,000 on first year with annual increases up to $392,000 BOUTIQUE BUILDING 22 UNITS 11 (1 BED AND 1 BATH) WITH KITCHEN & 11 HOTEL STUDIOS WITH FRIGOBAR COFFE MAKER AND MICROWAVE VERY BIG LOBBY FOR BREAKFAST AND EVENTS

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

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Listing courtesy of Weichert Realtors Best Beach Real Estate

Miami Beach, Florida Commercial
$5,960,000

Last updated: 2/24/2018
ID: 275921543
MLS ID: A10375004
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Residence Information

Type: Commercial

Building Information

Built: 1946
Lot Size: 13,750 sf