22,000 SF of prime land in North Beach offers a rare opportunity for legal short-term rentals or future development. The assemblage includes the iconic 25-unit Historic Jerrico Apartments, a MiMo gem by architect Tony Sherman, with 20 one-bedrooms (many with flex space) and 6 studios, plus a lush courtyard and rooftop deck. Adjacent is 7825 Harding Ave, an 8-unit short-term rental property with four 1-bed/1-bath units and four studios. Together: 34 legal STR units in a rapidly evolving area bordered by Bal Harbour, North Bay Village, and South Beach. With major developers already investing, North Beach is poised for a major boom.
7825 Harding Ave, Miami Beach, FL, 33141
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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