8035-8045 Abbott Ave - Apartments FOR SALE


Miami Beach, FL 33141- North Shore
$7,770,000 USD
305-528-7984
8035-8045 Abbott Ave, Miami Beach, FL for Sale
$7,770,000 USD
Apartments - FOR SALE
1/45
null | 6.01% Cap Rate

8035-8045 Abbott Ave
Miami Beach, FL 33141
North Shore


HIGHLIGHTS

  • Fully renovated coastal multifamily asset delivering turnkey performance with modern interiors and upgraded major systems
  • Strong investment fundamentals supported by 100 percent occupancy and robust rent growth across all unit types
  • Prime North Beach location offering walkable access to beaches, parks, dining, and recreation amenities
  • Proven income stability with high household incomes and demand drivers throughout Miami Beach and surrounding districts
  • Attractive pro forma cap rate potential supported by recent modernization and market rent alignment
  • Approximately $4M was invested in complete renovation in 2022, see attached itemized renovation details

OVERVIEW

Nestled in the highly coveted North Beach enclave of Miami Beach, 8035–8045 Abbott Avenue presents a rare opportunity to acquire a fully modernized, turnkey 20-unit multifamily asset in one of South Florida’s strongest rental corridors. Originally constructed in 1945 and comprehensively renovated in 2022, the property blends timeless coastal charm with upgraded contemporary finishes that command premium rents and ensure long-term operational stability. The two-building, three-story layout has been thoughtfully revitalized to meet today’s tenant expectations. Renovations include new electrical and plumbing systems, refreshed interiors featuring stainless steel appliances, premium window treatments, modernized landscaping, and an updated fire system. With a mix of studios, one-bedroom units, and two spacious three-bedroom apartments, the community caters to diverse tenant profiles, driving rent resilience and strong leasing velocity. Located just moments from North Shore Park Beach, the Atlantic shoreline, and Biscayne Bay, residents enjoy a walkable coastal lifestyle supported by neighborhood cafés, grocers, bakeries, and abundant outdoor recreation. Normandy Shores Golf Course, waterfront pathways, and public parks further enhance area livability. The property sits minutes from Surfside, Bal Harbour Shops, South Beach, and Aventura, with convenient access to Miami International Airport and major employment clusters across Miami-Dade County. Financially, the property delivers exceptional performance with a current NOI of $466,960 and a pro forma NOI of $623,200, supported by continued rent growth in one of Miami’s highest-demand submarkets. A current cap rate of 6.01% and projected 8.02% pro forma cap underscore its investment strength. Strong demographics, high household income averages, and a stable population base reinforce long-term value. 8035–8045 Abbott Avenue represents a rare opportunity to own a fully stabilized, beautifully modernized, and strategically located multifamily asset in a high-barrier coastal market poised for continued growth.

FOR SALE DETAILS

PRICE

$7,770,000 USD

PRICE/SF

$688 USD /SF

# OF UNITS

20

PRICE/UNIT

$388,500

CAP RATE

6.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Anam Cara Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1945

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

RM-1, Miami Beach

APN/PARCEL ID

02-3202-007-0320

ASK ABOUT THIS PROPERTY

Ed RobertsBeachfront Realty, IncMore Info
305-528-7984

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Ed RobertsBeachfront Realty, IncMore Info
305-528-7984

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