7830 Abbott Avenue,Miami Beach, FL 33141
Miami Beach, FL 33141
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. 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.
Details
| MLS # | A12019182 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 167 |
| Listing Provided By | Stay Plus LLC | Santiago Rodriguez |
Features
| SQ Feet | 19,155 |
|---|---|
| Pool | Yes |
| Story(s) | 2 |
| Units | 3 |
| Zoning | 3900 |
Exterior
| Lot Features | Quarter To Half Acre Lot |
|---|
Taxes
| Tax Annual Amount | 809106 |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami Beach |
| Zip Code | 33141 |
| Area | 2320 |
| Community Name | ALTOS DEL MAR NO 3 |
| Listing VS Median (in ALTOS DEL MAR NO 3) | |
Price: $7,499,999 low | high Med: $1,799 sqft: 19,155 low | high Med: 850 $ / sqft: $392 low | high Med: $2 On site: 167 low | high Med: 46 | |
Market Activity 33141
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami Beach |
| Zip Code | 33141 |
| Area | 2320 |
| Community Name | ALTOS DEL MAR NO 3 |
| Listing VS Median (in ALTOS DEL MAR NO 3) | |
Price: $7,499,999 low | high Med: $1,799 sqft: 19,155 low | high Med: 850 $ / sqft: $392 low | high Med: $2 On site: 167 low | high Med: 46 | |
 | $7,499,9997830 Abbott Avenue 25Miami Beach, FL 33141 |
 | $8,500,000235 78th StreetMiami Beach, FL 33141 |