7830 Abbott AVE #25, Miami Beach, FL 33141
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7830 Abbott AVE #25, Miami Beach, FL 33141
7830 Abbott AVE #25, Miami Beach, FL 33141
7830 Abbott AVE #25, Miami Beach, FL 33141
7830 Abbott AVE #25, Miami Beach, FL 33141
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Sofia Nina

Sofia Nina

+1(754) 277-0580
$ 8,499,000
Est. payment /mo
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7830 Abbott AVE #25 Miami Beach, FL 33141

19,155 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 19,155 sqft

Price per Sqft $443

MLS Listing ID A12022628

Construction Status Resale

HOA Y/N No

Year Built 1963

Annual Tax Amount $80,916

Lot Size 0.390 Acres

Acres 0.39

Property Sub-Type Multi Family

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 Fitness Center

Area 2320

Zoning 3900

Interior

Interior Features InteriorFeatures

Heating Other

Cooling Wall/Window Unit(s)

Flooring Ceramic Tile, Tile, Vinyl

Fireplace No

Exterior

Parking Features Common, Free Parking

Community Features Fitness Center

Utilities Available Sewer Available

Water Access Desc Public

Roof Type Concrete

Total Parking Spaces 11

Building

Lot Description Corner Lot

Dwelling Type Hotel/Motel

Story 2

Water Public

Structure Type Brick,Block

New Construction No

Construction Status Resale

Others

Tax ID 0232020071180

Security Features Fire Alarm,Smoke Detector(s),Security Fence

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12022628

BeachesMLS, Inc. (FLR) IDX
Listed by Santiago Rodriguez Stay Plus LLC

NEARBY SCHOOLS & PROPERTIES

Sofia Nina

Sofia Nina

Advisor | License ID: 3524728

+1(754) 277-0580

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7830 Abbott AVE #25