Log In/Sign Up
Your email has been sent.
Abbott Apartments 7830-7842 Abbott Ave 25 Unit Apartment Building $7,999,990 ($320,000/Unit) 6.15% Cap Rate Miami Beach, FL 33141
Investment Highlights
- Positioned steps from Collins Avenue and three blocks from the Atlantic coastline, offering premium guest appeal.
- Located within Miami Beach’s North Shore neighborhood, a growth corridor with increasing redevelopment activity.
Executive Summary
This rare North Beach hospitality compound presents a highly compelling opportunity for investors seeking predictable income and long-term upside in the heart of Miami Beach. The property includes 25 operational units with a blend of 12 hotel-style apartments and 13 residences, delivering over $1M in gross annual revenue and a 5.13% cap rate under current operations. Set across three renovated two-story towers, the grounds feature designer-finished interiors with quartz counters, rainfall showers, and smart entry systems, complemented by full kitchens in each unit. Resident and guest amenities include a resort-inspired pool deck, fitness center, game room, and tropical landscaped courtyards—features that distinguish this property within North Beach’s competitive short-term rental environment.
Strategically positioned just three blocks from the Atlantic Ocean and one block west of Collins Avenue, the location benefits from high tourist traffic and the growing appeal of North Beach as a lifestyle destination. Miami Beach’s stringent short-term rental licensing enhances barriers to entry, providing a structural moat for existing operators. With strong cash flow, projected levered IRR exceeding 10%, and multiple exit strategies—including hold, redevelop, rebrand, or resale—this asset delivers both present-day performance and future scalability in one of South Florida’s most resilient hospitality markets.
Strategically positioned just three blocks from the Atlantic Ocean and one block west of Collins Avenue, the location benefits from high tourist traffic and the growing appeal of North Beach as a lifestyle destination. Miami Beach’s stringent short-term rental licensing enhances barriers to entry, providing a structural moat for existing operators. With strong cash flow, projected levered IRR exceeding 10%, and multiple exit strategies—including hold, redevelop, rebrand, or resale—this asset delivers both present-day performance and future scalability in one of South Florida’s most resilient hospitality markets.
Property Facts
| Price | $7,999,990 | Building Class | C |
| Price Per Unit | $320,000 | Lot Size | 0.39 AC |
| Sale Type | Investment | Building Size | 19,155 SF |
| Cap Rate | 6.15% | Average Occupancy | 100% |
| No. Units | 25 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1940/2022 |
| Property Subtype | Apartment | Parking Ratio | 0.57/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | 3900 - Multifamily Dwelling | ||
| Price | $7,999,990 |
| Price Per Unit | $320,000 |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 19,155 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1940/2022 |
| Parking Ratio | 0.57/1,000 SF |
| Zoning | 3900 - Multifamily Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Pool
- Tenant Controlled HVAC
- Recycling
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 300 |
| 1+1 | 16 | - | 550 - 650 |
| 2+1 | 8 | - | 850 |
1 1
Moderately walkable
70/100
Fairly drivable
50/100
Some public transit
40/100
Very bikeable
80/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,424,000 | |
| Land Assessment | $1,356,000 | Total Assessment | $4,408,861 |
Property Taxes
Parcel Numbers
Land Assessment
$1,356,000
Improvements Assessment
$1,424,000
Total Assessment
$4,408,861
1 of 39
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
Abbott Apartments | 7830-7842 Abbott Ave