7830 Abbott Ave, Miami Beach, FL 33141
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7830 Abbott Ave, Miami Beach, FL 33141
7830 Abbott Ave, Miami Beach, FL 33141
7830 Abbott Ave, Miami Beach, FL 33141
7830 Abbott Ave, Miami Beach, FL 33141
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Alex Miranda

Alex Miranda

+1(305) 712-6522
$ 8,499,000
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Active

7830 Abbott Ave Miami Beach, FL 33141

19,155 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 19,155 sqft

Price per Sqft $443

Subdivision Altos Del Mar No 3

MLS Listing ID A12019182

Style Fourplex

HOA Y/N No

Year Built 1963

Annual Tax Amount $809,106

Tax Year 2025

Property Sub-Type Quadruplex

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.

Location

State FL

County Miami-dade

Community Altos Del Mar No 3

Area 32

Interior

Heating Other

Cooling Electric

Flooring Tile, Vinyl

Window Features Impact Glass

Exterior

Pool Above Ground, Pool

Utilities Available Cable Not Available

Roof Type Concrete,Flat,Tile

Total Parking Spaces 11

Private Pool Yes

Building

Lot Description 1/4 to 1/2 Acre Lot

Story 2

Sewer Public Sewer

Water Public

Architectural Style Fourplex

Level or Stories Two

Structure Type Brick,Block

Others

Tax ID 02-32-02-007-1180

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listed As-Is

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12019182

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Stay Plus LLC

NEARBY SCHOOLS & PROPERTIES

Alex Miranda

Alex Miranda

Licensed Realtor | COMP3203583

+1(305) 712-6522

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