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7830 Abbott Ave

Altos Del Mar No 3, Miami Beach, FL 33141

$8,499,000

19,155 Sqft

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7830 Abbott Ave
Altos Del Mar No 3, Miami Beach, FL 33141

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32 / Miami Beach / FL

Quadruplex HIGHLIGHTS

Property Type

Residential Income, Quadruplex
Style

Fourplex
Year Built

1963
Cooling

Yes - Electric
Heating

Yes - Other
RE Tax

$809,106

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

Facts & Features

Living Area

19,155 Sqft
MLS #

A12019182
Pool Features

Above Ground

Property Type

Quadruplex
Subdivision

Altos Del Mar No 3
Year Built

1963

Architectural Style

Fourplex
Building Area Total

19155
Construction Materials

Brick, Block

Levels

Two
Stories

2
Year Built

1963

Subdivision

ALTOS DEL MAR NO 3
Zoning Description

3900

Roof

Concrete, Flat, Tile
Total Parking

11

Annual Taxes

$809,106
Rent Includes

Sewer, Trash Collection, Water

Cooling

Yes - Electric
Flooring

Tile, Vinyl
Heating

Yes - Other

Sewer

Public Sewer
Utilities

Cable Not Available
Water Source

Public

Home Price

in US Dollars

Down Payment

Interest Rate

Mortgage Term

Total/Month

Principal & Interest
Property Taxes (monthly) $5,619

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

7830 Abbott Ave

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

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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.