New Listing - 05/15/2026
7830 Abbott Ave, Miami Beach, FL, 33141
1963
Fourplex
19,155 sqft
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.
Status:
Active
Type:
Multi-family
Zoning:
3900
Subdivision:
ALTOS DEL MAR NO 3
Heating:
Other
Cooling:
Electric
Parking:
11-car
Est. Taxes:
$809,106
Construction
Brick,Block
Utilities
Cable Not Available
Lot Description:
1/4 to 1/2 Acre Lot
Days on Market:
3
Pool:
Above Ground, Pool
MLS #:
A12019182
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of Stay Plus LLC 786-250-1810