7830 Abbott Ave # 25, Miami Beach FL 33141 | Miami-Dade County | A12022628
- $8,499,000
- $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
Open on Google Maps-
Address: Abbott Ave
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City: Miami Beach
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Zip/Postal Code: 33141
Details
Updated on June 8, 2026 at 8:07 am-
Property ID A12022628
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Price $8,499,000
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Year Built 1963
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Property Status Active
Additional details
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LeaseAssignableYN No
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LivingAreaUnits Square Feet
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Flooring Ceramic Floor, Tile, Vinyl
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PhotosCount 37
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MIAMIRE_SubdivisionNumber 7
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ViewYN No
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Cooling Wall/Window Unit(s)
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SecurityFeatures Smoke Alarm, Smoke Detector(s), Security Fence
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MIAMIRE_NARRulesYN Yes
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BuildingName PRAIA Boutique Hotel & Residen
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HeatingYN Yes
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ListingKeyNumeric 485592537
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TaxAnnualAmount 80916
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CurrentUse Mixed Use
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AssociationYN No
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MlsStatus Active
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StreetNumber 7830
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ListingKey 4fee9042d97edcd0f069ae15fdb96fac
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MIAMIRE_AddressInternetDisplay 7830 Abbott Ave 25
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Roof Concrete
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ParkingTotal 11
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PoolPrivateYN No
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ListingTerms All Cash, Conventional/Refinance
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Possession Funding
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WaterfrontYN No
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InternetAddressDisplayYN Yes
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WaterSource Public
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StoriesTotal 2
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LandLeaseYN No
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MIAMIRE_LastUse Hotel & Residences
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MIAMIRE_NumFloors 2
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StreetNumberNumeric 7830
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MIAMIRE_MunicipalCode 2
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ParkingFeatures Common, Free Parking, Garage
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PostalCodePlus4 2092
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NumberOfUnitsInCommunity 25
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Heating Other
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MIAMIRE_Area 32
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StructureType Commercial, Hotel/Motel
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ListingAgreement Exclusive Right To Sell
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ListingId A12022628
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BuildingAreaUnits Square Feet
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InternetEntireListingDisplayYN Yes
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InternetAutomatedValuationDisplayYN Yes
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ConstructionMaterials Concrete Block Construction, Brick
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MIAMIRE_ForSaleYN Yes
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InternetConsumerCommentYN Yes
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BuildingAreaTotal 19155
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CoolingYN Yes
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LotSizeUnits Square Feet
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ListingContractDate 2026-05-18
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Zoning 3900
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BusinessType Apartments, Residential-Multi-Family
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StateOrProvince FL
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Stories 2
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SignOnPropertyYN No
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LeaseRenewalOptionYN No
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YearBuiltDetails Resale
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LeaseConsideredYN Yes
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IDXParticipationYN Yes
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HorseYN No
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UnitNumber 25
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LeasableAreaUnits Square Feet
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Inclusions Furniture, Equipment,Furniture/Fixtures
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ExistingLeaseType Gross
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Sewer Other
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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.
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MIAMIRE_FloodZone AE
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WindowFeatures Clear Impact Glass
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NewConstructionYN No
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NumberOfBuildings 3
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BuildingFeatures Exercise Room
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LotFeatures Corner Lot
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MIAMIRE_OkToAdvertiseList Yes - Attribution Required (Agent and Office)
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DocumentsAvailable Aerial Photo(S), Financial Statement, Investment Analysis, Other Available Information
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LotSizeSquareFeet 16950
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MIAMIRE_BuildingNameNumber PRAIA Boutique Hotel & Residen
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TenantPays Electricity
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UnparsedAddress 7830 Abbott Ave # 25, Miami Beach FL 33141
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MIAMIRE_Blogging No
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FeedTypes IDX
Mortgage Calculator
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Loan Amount
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Monthly Mortgage Payment
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