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7830 Abbott Ave, Miami Beach, FL 33141
Offering:
For Sale
Location:
Miami Beach, FL 33141
Subdivision:
ALTOS DEL MAR NO 3
Status:
Active
$7,499,999
Deemed reliable but not guaranteed.
Details
Year built:
1963
Levels:
Two
Stories:
2
Parking:
11 spaces
Style:
Fourplex
Days on market:
138
Annual tax (2025):
$809,106
Type:
Quadruplex
MLS ID
A12019182
Virtual tour:
Listed by:
Stay Plus LLC (SYPS01)
Listing office phone:
786-873-3696
Listing office email:
Listing agent:
Santiago Rodriguez (3312335)
Features
Utilities
Available:
Cable Not Available
Water source:
Public
Sewer:
Public Sewer
Description
A fully operational 25-unit hospitality compound, 12 hotel keys (apartment size) + 13 residences, generating $1.1M+ in gross annual revenue with a 6.4% cap rate and $483,615 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. 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.
Price history
$8,499,000 → $7,499,999
·
Reduced by
$999,001 (11.8%) · 4 price changes
Location
7830 Abbott AveMiami Beach, FL 33141
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MLS information
Last updated Sep 30, 2026
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