7830-7842 Abbott Ave
Miami Beach, FL 33141
Abbott Apartments · Multifamily Property For Sale · 25 Units

Marcus & Millichap is pleased to present for sale the Abbott Arms, which consists of three contiguous buildings situated on the corner of Abbott Avenue and 79th Street in Miami Beach, Florida. The property is located two blocks from the Atlantic Ocean, one block to Harding Avenue, and two blocks to Collins Avenue. Abbott Arms is a rare opportunity to acquire a multifamily building located in the desirable North Beach area, the northern end of Miami Beach. These buildings were built in two phases. The 7834-7842 building was designed by acclaimed Art Deco architect Murray Dixon and was built in 1940. It contains many of the original style elements including oak floors and decorative arches. The 7830 building was built in 1963. It is a MIMO style building designed by noted architect Alfred Browning Parker which features a pool, floating staircases, terrazzo floors and a basement storage area under the entire building, including a large laundry room. The properties consist of 16 one bedroom/one bath units (some with Den), 8 two-bedroom units and a studio. There are two folio numbers, one for the 7830 building, the other for the 7834-7842 building. The properties are combined utilizing a unity of title. The property is grandfathered in allowing short term and hotel usage. This will give the new owner the opportunity to add value and create additional cash flow. Current rents can also be increased to market with a minimal number of cosmetic upgrades.