7830 Abbott Ave, Miami Beach FL 33141 | Miami-Dade County | A12019182

7830 Abbott Ave is a 25-unit hospitality compound in the established ALTOS DEL MAR NO 3 complex in Miami Beach. The property includes 12 apartment-size hotel keys and 13 residences, with all units featuring designer finishes like quartz countertops, rainfall showers, smart entry, and full kitchens. The three two-story towers sit on a 16,950 SF lot and are three blocks from the ocean and one block from Collins Ave. The site offers resort-style amenities, including a pool deck, fitness center, game room, kids' lounge, and tropical landscaping. The property is currently generating over $1M in gross annual revenue with a 5.13% cap rate and $436,287 in current NOI. The financials highlight strong performance and upside, with $113,970 in annual cash flow after debt service and a projected 10.79% levered IRR over a 10-year hold. The property allows for four potential exit strategies without the need for capital restructuring. Miami Beach’s strict STR licensing adds a layer of market protection. With 50% LTV financing and a 2.57x equity multiple, this is a stable, high-performing asset in a prime location. For more details, call 305-859-4733.