7830 Abbott Ave
Miami Beach, FL 33141
32
Bed
25
Bath
19,155Sqft
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,
Property Details
Map
Map
Features
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Interior Features
Roof: Concrete, Flat, TileWindow Features: ImpactGlass -
Heating & Cooling
Heating: Other Has Cooling: Yes Cooling: Electric
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Building Information
Year Built: 1963Building Area Total: 19155Construction Materials: Brick, BlockStories: 2Pool Features: AboveGround, PoolPrivate Pool: No
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Lot Information
Lot Description: QuarterToHalfAcreLotProperty Information
Subdivision: ALTOS DEL MAR NO 3 Source Property Type: ResidentialIncome Postal Code Plus 4: 2092 Zoning Description: 3900 Property SubType: Quadruplex Levels: Two Property Age: 63
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Listing Price Information
Listing Price: $8499000Cash, Conventional
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Tax Information
Parcel Number: 02-32-02-007-1180 Tax Year: 2025 Annual Tax: $809106 Tax Legal Desc: ALTOS DEL MAR NO 3 PB 8-41 LOT 10 BLK 16 LOT SIZE 50.000 X 113 OR 17257-2417 0696 5 (2)
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Parking Information
Parking Total: 11
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Utility Information
CableNotAvailable -
Location Information
WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 611 74th St, Miami Beach, FL, 33141 | $1,425,000 | 8 | 4 | 3,616 | 3,616 SqFt |
| 605 77th St, Miami Beach, FL, 33141 | $2,800,000 | -- | -- | 7,638 | 7,638 SqFt |
| 8031 Hawthorne Ave, Miami Beach, FL, 33141 | $1,650,000 | 8 | 4 | 4,429 | 4,429 SqFt |
| 730 84th St, Miami Beach, FL, 33141 | $1,250,000 | 5 | 5 | 2,464 | 2,464 SqFt |
| 835 83rd St, Miami Beach, FL, 33141 | $1,580,000 | 4 | 4 | -- | |
| Residentialincome, Miami Beach, FL, 33141 | $1,549,000 | 7 | 4 | 3,498 | 3,498 SqFt |
| 7435 Byron Ave, Miami Beach, FL, 33141 | $3,250,000 | -- | -- | 7,865 | 7,865 SqFt |
| 1930 Calais Dr, Miami Beach, FL, 33141 | $1,300,000 | -- | -- | 2,700 | 2,700 SqFt |
| 1915 Normandy Dr, Miami Beach, FL, 33141 | $870,000 | 15 | 15 | -- | |
| 1975 Calais Dr, Miami Beach, FL, 33141 | $17,700,000 | 3 | 3 | 26,336 | 26,336 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 06/04/2026 @ 10:26
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