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For Sale
Miami Beach
7830 Abbott Ave

7830 Abbott Ave #25

Miami Beach, FL 33141

$8,499,000

0.39 Acre

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7830 Abbott Ave #25
Miami Beach, FL 33141

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32 / Miami Beach / FL

Multi Family HIGHLIGHTS

Property Type

Commercial Sale, Multi Family
Year Built

1963
Cooling

Yes - Wall/Window Unit(s)
Heating

Yes - Other
RE Tax

$80,916

Listing courtesy of Santiago Rodriguez of Stay Plus LLC.

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.

7830 Abbott Ave #25

Facts & Features

Acres

0.39 Acres
Building

PRAIA Boutique Hotel & Residen
Lot Size

16,950 Sqft

MLS #

A12022628
Property Type

Multi Family
Year Built

1963

Security Features

Smoke Detector(s), Security Fence

Building Area Total

19155
Building Name

PRAIA Boutique Hotel & Residen
Construction Materials

Brick, Block
Levels

Two
Number of Buildings

3

Stories

2
Structure Type

Multi Family
Total Number of Units

25
Year Built

1963

Zoning Description

3900

Garage

Yes
Parking Features

Common, Garage
Roof

Concrete
Total Parking

11

Annual Taxes

$80,916
Tenant Pays

Electricity

Cooling

Yes - Wall/Window Unit(s)
Flooring

Ceramic Tile, Tile, Vinyl
Heating

Yes - Other

Sewer

Other
Water Source

Public

Home Price

in US Dollars

Down Payment

Interest Rate

Mortgage Term

Total/Month

Principal & Interest
Property Taxes (monthly) $6,743

*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.

7830 Abbott Ave #25

Location

Nearby Points of Interest

Junk Busters Miami LLC
Retail, Independent
Mario Fruits & Produce Inc
Food Shops, Independent
Haus of Art LLC
Art Culture Science, Independent
Domaco Trade LLC
Clothing, Independent
Tatum Park
Parks

Data courtesy of LocalLogic.co

Neighborhood

North Beach

North Beach, FL, provides a relaxed coastal atmosphere with wide, scenic beaches perfect for sunbathing, swimming, and outdoor recreation such as surfing, paddleboarding, and beachside walking paths. Dining options are varied, ranging...

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7830 Abbott Ave #25

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Information deemed reliable but not guaranteed. Information is provided, in part, by Greater
Miami MLS. This information being provided is for consumer's personal, non-commercial use and may
not be used for any other purpose other than to identify prospective properties consumers may be
interested in purchasing.

This information being provided is for consumer's personal, non-commercial use and may not be
used for any other purpose other than to identify prospective properties consumers may be interested
in purchasing.