$8,499,000
n/a
n/a
19155
Quadruplex, Residential Income
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.
This quadruplex home located at 7830 Abbott Ave, Miami Beach FL 33141 is currently for sale and has been available on Brickellsold for 3 days. This property is listed at $8M. It has N/A beds, N/A bathrooms, and is 19155 square feet. It was built in 1963. 7830 Abbott Ave, Miami Beach FL 33141 is in Miami Beach county Miami-Dade County.
