- MLS® #: A11929400
- 756 84th St
- Miami Beach, FL 33141-1104
- $7,325,000
- 6,020 SqFt
- Income
- MLS® #: A12019182
- 7830 Abbott Ave
- Miami Beach, FL 33141-2092
- $8,499,000
- 19,155 SqFt
- Income
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.
View Virtual TourEssential Information
- MLS® #A12019182
- Price$8,499,000
- CAD Dollar$12,099,771
- UK Pound£6,424,598
- Euro€7,462,377
- Bathrooms0.00
- Square Footage19,155
- Year Built1963
- TypeIncome
- Sub-TypeQuadruplex
- StyleFourplex
- StatusActive
Community Information
- Address7830 Abbott Ave
- Area32
- SubdivisionALTOS DEL MAR NO 3
- CityMiami Beach
- CountyMiami-Dade
- StateFL
- Zip Code33141-2092
Amenities
- UtilitiesCable Not Available
- Parking Spaces11
Interior
- InteriorTile, Vinyl
- HeatingOther
- CoolingElectric
- # of Stories2
- StoriesTwo
Exterior
- WindowsImpact Glass
- RoofConcrete, Flat, Tile
- ConstructionBrick, Block
- Office: Stay Plus Llc
7830 Abbott Ave on www.jupiteroceanfronthomes.us
Offered at the current list price of $8,499,000, this home for sale at 7830 Abbott Ave features bedrooms and 0 bathrooms. This real estate listing is located in ALTOS DEL MAR NO 3 of Miami Beach, FL 33141-2092 and is approximately 19,155 square feet. 7830 Abbott Ave is listed under the MLS ID of A12019182 and has been on the Miami Beach real estate market for 38 days.Facts About Miami Beach, FL
Over the past 20 years, no American beach has generated as much buzz as the one that hugs Ocean Drive in Miami Beach. Fringed with palms, backed by Art Deco architecture and pulsating with urban energy, South Beach is the place to stretch out.
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