No photos available
Offered at
$8,499,000
7830 Abbott Avenue, Miami Beach, FL 33141
- 0
- Beds
- 0
- Full Baths
- 19,155
- Sq.Ft.
Listing courtesy of Santiago Rodriguez, Stay Plus LLC
Property Description
A fully operational 25-unit hospitality compound, 12 hotel keys (apartment size) + 13 residences, generating $1M+ in gross annual revenue with a 5.13% cap rate and $436,287 current NOI. Three renovated two-story towers on a 16,950 SF lot, three blocks from the Atlantic Ocean and one block from Collins Ave. Every unit is designer-finished with quartz countertops, rainfall showers, smart entry, and full kitchens. Amenities include a resort-style pool deck, fitness center, game room, kids' lounge, and tropical grounds, rare for North Beach at this price point. The numbers speak clearly: 50% LTV financing, $113,970 annual cash flow after debt service, a projected 10.79% levered IRR, 2.57x equity multiple, and $7M+ in profit over a 10-year hold. Four exit strategies — redevelop, rebrand, hold, or resell — with no capital restructuring required. Miami Beach's stringent STR licensing creates a structural moat that new entrants cannot easily replicate. Prime location. Proven revenue. Real optionality. This is the kind of asset North Beach simply doesn't offer twice.
Overview
At a glance
- Property Type
- Residential Income
- Property Sub-Type
- Quadruplex
- Address
- 7830 Abbott Avenue, Miami Beach, FL 33141
- Zoning
- 3900
- MLS ID
- A12019182
- Listing Date
- 2026-05-15
- Last Updated
- 6/4/2026, 6:40:48 PM
- Days on Market
- 27
- Subdivision
- ALTOS DEL MAR NO 3
Features & Amenities
The Details
Interior
- Flooring
- Tile, Vinyl
Exterior
- Construction
- Block, Brick
- Pool
- Above Ground
- Water Source
- Public
- Sewer
- Public Sewer
- Utilities
- Cable Not Available
- Cooling
- Electric
- Heating
- Other, Separate Meters
Details
- Building Area
- 19,155 sq.ft.
- Subdivision
- ALTOS DEL MAR NO 3
- Stories
- 2
- Year Built
- 1963
- County
- Miami-Dade
- Zoning
- 3900
Financial
- List Price
- $8,499,000
- Original List Price
- $8,499,000
- Annual Tax
- $809,106/yr
- Tax Year
- 2025
Location
Inquire
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Learn More →Information & Accuracy
All information provided on this page is deemed reliable but is not guaranteed. Square footage, lot size, room dimensions, year built, taxes, and HOA figures are sourced from the MLS, the seller, or public records, and Aquantis Realty makes no representation or warranty as to their accuracy. All measurements and material facts should be independently verified by the buyer.