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7830 Abbott Avenue

Miami Beach FL 33141

11
19155 sq. ft.
Duplex
Currently for sale - view listing

Overview

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.

Features

11 carspaces
19155 sq. ft. floor area
Duplex

Happy sellers in Miami Beach

98%
98% of sellers in Miami Beach reported that their sale price either exceeded or met their price expectations.

Miami Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Miami Beach over the last 12 months.

Local market activity for duplexes in Miami Beach

In the last 12 months, 8 duplexes similar to 7830 Abbott Avenue, have been sold.

This represents a 60% increase in duplexes sales when compared to the previous 12 months.

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