7830 Abbott Ave Unit #25, Miami Beach, FL 33141
- $7,999,990
- List Price
- $7,999,990
- Price Change
- ▼ $499,010 1787356757
- MLS#
- A12022628
- Lot Size
- 16,950
- Subtype
- Income/MultiFamily
- County
- Miami-Dade
- Community
- Not Found
- 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. The owner is willing to continue operating the property for up to six months for a management fee of 10% of gross rental revenue, allowing the new owner time to learn the business and either transition to a new property manager or assume operations directly.
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Additional Information
- Status Label
- ACTIVE
- Total Unitsin Complex
- 25
- Boat Service
- Furniture, Equipment, Furniture/Fixtures
- Construction
- Concrete Block Construction, Brick
- Cooling
- Wall/Window Unit(s)
- Flooring
- Ceramic Floor, Tile, Vinyl
- Heating
- Other
- Lot Description
- Corner Lot
- Parking
- Common, Free Parking, Garage
- Roof
- Concrete
- Security
- Smoke Alarm, Smoke Detector(s), Security Fence
- Taxes
- $80,916
- Unit Number
- 25
- Total Floors
- 2
- Stories
- 2
- Roofing
- Concrete
- Boat Services
- Furniture, Equipment, Furniture/Fixtures
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Listing Courtesy Of Stay Plus LLC, Contact: