Multifamily in 7830 Abbott Ave 25 Miami Beach for sale with MLS# A12022628
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, Miami Beach, FL 33141
- Price:
- $8,499,000.00
- Original List Price:
- $8,499,000.00
- Tenant Pays:
- Electricity
- Lease Terms / Move In Requirements:
- Gross Rent Shown
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Commercial Sale
- Property Type:
- Multifamily
- MLS Number:
- A12022628
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- May 20, 2026 1:54 pm
- Built-Up Area:
- 19,155 Sqft
- Lot Area:
- 16,950 Sqft
- Lot Size Unit:
- Square Feet
- Waterfront:
- No
- Security:
- Smoke Detector(s), Fenced
- Windows:
- Impact Glass, Impact glass, Impact Glass
- Air Conditioning
- Air Conditioning System:
- Wall/window Unit(s)
- Heating System:
- Other
- Storm Protection:
- Impact Glass
- Year Built:
- 1963
- Year Built Details:
- Resale
- Roof:
- Concrete
- Number of Buildings:
- 3
- Number of Units Total:
- 25
- Levels:
- Two
- Construction Materials:
- Block, Brick
- Flooring:
- Tile, Vinyl, Ceramic Tile
- Structure Type:
- Apartment, Multifamily
- Stories:
- 2
- Tax Annual Amount:
- $80,916.00
- Parking Total Spaces:
- 11
- Garage
- Covered Spaces:
- 0
- Parking Features:
- Garage, Common, Free Parking
- Sewer:
- Other
- Water Source:
- Public
- Building Name:
- PRAIA Boutique Hotel & Residen
- Senior Community:
- No
- Documents Available:
- Aerial, Other, Financials
- Listing Terms Considered by Seller:
- Cash, Conventional
- Occupant Type:
- Call Agent
- Buyer Possession:
- Close Of Escrow, Closing And Funding
- 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)
- Real Estate Folio Number (Parcel Number):
- 02-32-02-007-1180
- Zoning Description:
- 3900
- Originally published on:
- May 20, 2026 1:54 pm
- Active on the market since:
- May 18, 2026
- Price change occurred on:
- May 20, 2026 1:44 pm
- Listing Status Last Changed On:
- May 20, 2026 1:54 pm
- Photos updated on:
- May 20, 2026 7:38 pm
- Last Modified:
- May 21, 2026 12:00 am
- Flood Zone:
- AE
- Municipal Code:
- 2
- Subdivision Number:
- 7
- Courtesy of:
- Stay Plus LLC
- Attribution:
- Not provided
- Street Name:
- Abbott Ave
- Street Number:
- 7830
- Unit Number:
- 25
- City:
- Miami Beach
- State:
- Florida
- Zip Code:
- 33141
- County:
- Miami-Dade
- Latitude:
- N25° 51' 49.2''
- Longitude:
- W81° 52' 36.2''
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
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