7830-7842 Abbott Ave - Apartments FOR SALE


Miami Beach, FL 33141- North Shore
$7,999,990 USD
786-873-3696
7830-7842 Abbott Ave, Miami Beach, FL for Sale
$7,999,990 USD
Apartments - FOR SALE
1/38
null | 6.15% Cap Rate

7830-7842 Abbott Ave
Miami Beach, FL 33141
North Shore


HIGHLIGHTS

  • Positioned steps from Collins Avenue and three blocks from the Atlantic coastline, offering premium guest appeal.
  • Located within Miami Beach’s North Shore neighborhood, a growth corridor with increasing redevelopment activity.

OVERVIEW

This rare North Beach hospitality compound presents a highly compelling opportunity for investors seeking predictable income and long-term upside in the heart of Miami Beach. The property includes 25 operational units with a blend of 12 hotel-style apartments and 13 residences, delivering over $1M in gross annual revenue and a 5.13% cap rate under current operations. Set across three renovated two-story towers, the grounds feature designer-finished interiors with quartz counters, rainfall showers, and smart entry systems, complemented by full kitchens in each unit. Resident and guest amenities include a resort-inspired pool deck, fitness center, game room, and tropical landscaped courtyards—features that distinguish this property within North Beach’s competitive short-term rental environment. Strategically positioned just three blocks from the Atlantic Ocean and one block west of Collins Avenue, the location benefits from high tourist traffic and the growing appeal of North Beach as a lifestyle destination. Miami Beach’s stringent short-term rental licensing enhances barriers to entry, providing a structural moat for existing operators. With strong cash flow, projected levered IRR exceeding 10%, and multiple exit strategies—including hold, redevelop, rebrand, or resale—this asset delivers both present-day performance and future scalability in one of South Florida’s most resilient hospitality markets.

FOR SALE DETAILS

PRICE

$7,999,990 USD

PRICE/SF

$418 USD /SF

# OF UNITS

25

PRICE/UNIT

$320,000

CAP RATE

6.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Abbott Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

3900

APN/PARCEL ID

02-3202-007-1180,02-3202-007-1190

ASK ABOUT THIS PROPERTY

Santiago RodriguezStayplusMore Info
786-873-3696

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Santiago RodriguezStayplusMore Info
786-873-3696

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.