7830 Abbott Ave, Miami Beach, FL 33141
- $8,499,000
- 19,155
- SqFt
- List Price
- $8,499,000
- MLS#
- A12019182
- Sq. Ft
- 19,155
- Subtype
- Quadruplex
- County
- Miami-Dade
- Community
- Altos Del Mar No 3
- Subdivision
- Altos Del Mar No 3
- Year Built
- 1963
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.
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Additional Information
- Status Label
- ACTIVE
- Total Unitsin Complex
- 3
- Construction
- Concrete Block Construction, Brick
- Cooling
- Electric
- Flooring
- Tile, Vinyl
- Heating
- Other
- Lot Description
- 1/4 To Less Than 1/2 Acre Lot
- Roof
- Concrete, Flat Tile
- Special Information
- Substantially Remodeled
- Taxes
- $809,106
- Total Floors
- 2
- Stories
- 2
- Roofing
- Concrete, Flat Tile
- Price Per Sqft
- $443
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Listing Courtesy Of Stay Plus LLC, Contact: