7830 Abbott Avenue, Miami Beach, FL 33141

Listing Snapshot

About This Home

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.

General Features

Property Type

ResidentialIncome

Sub-type

Quadruplex

Stories

2

Parking Spaces

11

Zoning

3900

Utilities

CableNotAvailable

Subdivision

ALTOS DEL MAR NO 3

Interior Features

Flooring

Tile,Vinyl

Heating

Other,SeparateMeters

Cooling

Electric

Exterior Features

Construction

Brick,Block

Roof

Concrete,Flat,Tile

Lot Features

QuarterToHalfAcreLot

Pool

Yes

Pool Features

AboveGround

Waterfront

No

Community Features

MLS Area

2320

Schools

Map

Virtual Tour