7830 Abbott Ave ,Other, Quadruplex, Altos Del Mar No 3 for Sale

7830 Abbott Ave for Sale

Price $8,499,000.00

• Lot size 19155
• Year Build 1963
• Waterfront
• Zip 33141
• Style Other
• Parking Description
• Pool Yes Above Ground
• Status Active

Description

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.

ALTOS DEL MAR NO 3 PB 8-41 LOT 10 BLK 16 LOT SIZE 50.000 X 113 OR 17257-2417 0696 5 (2)

1/4 To Less Than 1/2 Acre Lot

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.

City:Miami Beach,Roof:1:Flat Tile,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2025,Flooring:1:Vinyl,Latitude:25.8636596,Cooling Y N:1,Heating Y N:1,List Price:8499000,Listing Id:A12019182,Longitude:-80.1233385,Mls Status:Active,Year Built:1963,Living Area:19155,Postal Code:33141,Street Name:Abbott Ave,Coordinates:1:25.8636596,Photos Count:34,Building Name:ALTOS DEL MAR NO 3,Days On Market:22,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:32,M L S Area Major:Altos Del Mar No 3,On Market Date:2026-05-15,Parcel Number:02-32-02-007-1180,Parking Total:11,Property Type:Residential Income,Rent Includes:1:Pest Control,2:Pool Maintenance,3:Sewer,4:Trash Collection,5:Water,Stories Total:2,Street Number:7830,M I A M I R E_ Style:Fourplex,Public Remarks: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.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2026-11-15,List Office Name:Stay Plus LLC,M I A M I R E_ Pool Y N:1,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2092,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:ALTOS DEL MAR NO 3,Tax Annual Amount:809106,Unparsed Address:7830 Abbott Ave, Miami Beach FL 33141,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:19155,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Flood Zone:AE,M I A M I R E_ L P Amt Sq Ft:443.6962,Original List Price:8499000,Public Survey Range:32,Documents Available:1:Investment Analysis,2:Other Available Information,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Number Of Units Total:25,Syndication Remarks: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.,Listing Contract Date:2026-05-15,Originating System I D:miamire,Public Survey Section:2,Showing Instructions:24 Hour Notice,Appointment Only,Call Listing Agent,Street Number Numeric:7830,Tax Legal Description:ALTOS DEL MAR NO 3 PB 8-41 LOT 10 BLK 16 LOT SIZE 50.000 X 113 OR 17257-2417 0696 5 (2),M I A M I R E_ Current Price:8499000,Public Survey Township:32,Construction Materials:1:Brick,M I A M I R E_ Municipal Code:2,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Adjusted Area S F:19155,M I A M I R E_ Internet Remarks:A fully operational 25-unit hospitality compound, 12 hotel keys (apartment size) + 13 residences, generating $1M+ in gross annual revenue,M I A M I R E_ Parcel Number M L X:1180,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$25.863668$-80.123271$197.32$13.33$1.00$47HL4-GiSOS6tsHOO_Uaiw,Contract Status Change Date:2026-05-15,Internet Address Display Y N:1,Number Of Units In Community:3,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),M I A M I R E_ Subdivision Number:7,M I A M I R E_ Agent Alternate Phone:786-250-1810,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:7830 Abbott Ave,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:443.7,Internet Automated Valuation Display Y N:1,