Prime Corner Lot Single-Family Home at 8101 Harding Avenue
$775,000
8101 Harding Avenue, Miami Beach, FL 33141
892 SF
Square Feet
$869
PPSF
4.80%
CAP
Property Description
NOI
$37,200
Cap Rate
4.80%
Single-family home on a prime corner lot featuring 2BD/1BA plus den. Investors dream with lots of upside. Development potential as well. This is the perfect investor special...renovate or redevelop. Invest in Miami Beach's best kept secret. Over $1 billion dollars is being ivested in the N Bay Village/Normandy area of Miami Beach. Steps from the ocean, this is the least expensive entry point into the Miami Beach single family home market.
Property Details
Asset Type
Development Site
Year Built
1940
Zoning
Multi family/Approved for STR
Lot Size
2,357 SF
Neighborhood
North Shore
ZIP
33141
Renovated
2015
Listing Type
sale
Offering Memorandum
Net Operating Income (NOI)
$59,018
Debt Service Coverage Ratio (DSCR)
1.34x
Cap Rate
7.62%
Cash Flow (Annual)
$14,931
Cash-on-Cash Return
7.71%
Monthly Debt Service
$3,674
Annual Debt Service
$44,087
View on Map
Address
8101 Harding Avenue
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North Shore Development Site Market Snapshot
Boundary boundary · Development Site · Sale
No investors found in this market.
