7830 Abbott Avenue
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
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: Concrete, Flat, Tile -
Heating & Cooling
Has Heating: Yes Heating: Other, SeparateMeters Has Cooling: Yes Cooling: Electric
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Building Information
Year Built: 1963Building Area Total: 19155Construction Materials: Brick, BlockPool Features: AboveGroundPrivate Pool: Yes
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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 Property SubType: Quadruplex Property Age: 63
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Listing Price Information
Listing Price: $7999900Original Price: $8499000Cash, Conventional
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Tax Information
Parcel Number: 0232020071180 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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School Information
Elementary School: Biscayne Beach Junior High School: Miami Beach Nautilus Senior High School: Miami Beach -
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 |
|---|---|---|---|---|---|
| 7124 Bay Dr, Miami Beach, FL, 33141 | $2,140,000 | 8 | 8 | 4,732 | 4,732 SqFt |
| 1910 AND 1920 Biarritz Dr, Miami Beach, FL, 33141 | $2,650,000 | 8 | 8 | 5,764 | 5,764 SqFt |
| 8109 Harding Avenue, Miami Beach, FL, 33141 | $2,690,000 | 4 | 4 | 1,784 | 1,784 SqFt |
| 7435 Byron Avenue, Miami Beach, FL, 33141 | $3,250,000 | -- | -- | 7,865 | 7,865 SqFt |
| 535 73rd St, Miami Beach, FL, 33141 | $2,250,000 | 1 | 1 | 5,450 | 5,450 SqFt |
| 7630 Byron Avenue, Miami Beach, FL, 33141 | $1,574,000 | -- | -- | 3,400 | 3,400 SqFt |
| 611 74th St, Miami Beach, FL, 33141 | $1,425,000 | 8 | 4 | 3,616 | 3,616 SqFt |
| 8135 Crespi Boulevard, Miami Beach, FL, 33141 | $1,630,000 | -- | -- | 3,510 | 3,510 SqFt |
| 7610 Dickens Avenue, Miami Beach, FL, 33141 | $1,600,000 | 6 | 4 | 3,655 | 3,655 SqFt |
| 642 86th Street, Miami Beach, FL, 33141 | $699,000 | 2 | 2 | 1,080 | 1,080 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 08/28/2026 @ 22:39
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