7830 Abbott Ave # 25, Miami Beach FL 33141 | Miami-Dade County | A12022628
  • $8,499,000

Description

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.

  • Address: Abbott Ave
  • City: Miami Beach
  • Zip/Postal Code: 33141

Details

Updated on June 8, 2026 at 8:07 am
  • Property ID A12022628
  • Price $8,499,000
  • Year Built 1963
  • Property Status Active

Additional details

  • LeaseAssignableYN No
  • LivingAreaUnits Square Feet
  • Flooring Ceramic Floor, Tile, Vinyl
  • PhotosCount 37
  • MIAMIRE_SubdivisionNumber 7
  • ViewYN No
  • Cooling Wall/Window Unit(s)
  • SecurityFeatures Smoke Alarm, Smoke Detector(s), Security Fence
  • MIAMIRE_NARRulesYN Yes
  • BuildingName PRAIA Boutique Hotel & Residen
  • HeatingYN Yes
  • ListingKeyNumeric 485592537
  • TaxAnnualAmount 80916
  • CurrentUse Mixed Use
  • AssociationYN No
  • MlsStatus Active
  • StreetNumber 7830
  • ListingKey 4fee9042d97edcd0f069ae15fdb96fac
  • MIAMIRE_AddressInternetDisplay 7830 Abbott Ave 25
  • Roof Concrete
  • ParkingTotal 11
  • PoolPrivateYN No
  • ListingTerms All Cash, Conventional/Refinance
  • Possession Funding
  • WaterfrontYN No
  • InternetAddressDisplayYN Yes
  • WaterSource Public
  • StoriesTotal 2
  • LandLeaseYN No
  • MIAMIRE_LastUse Hotel & Residences
  • MIAMIRE_NumFloors 2
  • StreetNumberNumeric 7830
  • MIAMIRE_MunicipalCode 2
  • ParkingFeatures Common, Free Parking, Garage
  • PostalCodePlus4 2092
  • NumberOfUnitsInCommunity 25
  • Heating Other
  • MIAMIRE_Area 32
  • StructureType Commercial, Hotel/Motel
  • ListingAgreement Exclusive Right To Sell
  • ListingId A12022628
  • BuildingAreaUnits Square Feet
  • InternetEntireListingDisplayYN Yes
  • InternetAutomatedValuationDisplayYN Yes
  • ConstructionMaterials Concrete Block Construction, Brick
  • MIAMIRE_ForSaleYN Yes
  • InternetConsumerCommentYN Yes
  • BuildingAreaTotal 19155
  • CoolingYN Yes
  • LotSizeUnits Square Feet
  • ListingContractDate 2026-05-18
  • Zoning 3900
  • BusinessType Apartments, Residential-Multi-Family
  • StateOrProvince FL
  • Stories 2
  • SignOnPropertyYN No
  • LeaseRenewalOptionYN No
  • YearBuiltDetails Resale
  • LeaseConsideredYN Yes
  • IDXParticipationYN Yes
  • HorseYN No
  • UnitNumber 25
  • LeasableAreaUnits Square Feet
  • Inclusions Furniture, Equipment,Furniture/Fixtures
  • ExistingLeaseType Gross
  • Sewer Other
  • SyndicationRemarks 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.
  • MIAMIRE_FloodZone AE
  • WindowFeatures Clear Impact Glass
  • NewConstructionYN No
  • NumberOfBuildings 3
  • BuildingFeatures Exercise Room
  • LotFeatures Corner Lot
  • MIAMIRE_OkToAdvertiseList Yes - Attribution Required (Agent and Office)
  • DocumentsAvailable Aerial Photo(S), Financial Statement, Investment Analysis, Other Available Information
  • LotSizeSquareFeet 16950
  • MIAMIRE_BuildingNameNumber PRAIA Boutique Hotel & Residen
  • TenantPays Electricity
  • UnparsedAddress 7830 Abbott Ave # 25, Miami Beach FL 33141
  • MIAMIRE_Blogging No
  • FeedTypes IDX

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Christopher Lazaro

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