Basic Information
- MLS # A12019182
- Type Duplex / Quad Plex / Triplex
- Subdivision/Complex Altos Del Mar No 3
- Year Built 1963
- Total Sqft 19,155
- Date Listed 05/18/2026
- Days on Market 3
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.
Exterior Features
- Waterfront No
- Parking Spaces 0
- Pool Yes
- Parking Description
Interior Features
- Adjusted Sqft 19,155Sq.Ft
- Sqft 19,155Sq.Ft
Property Features
- Aprox. Lot Size 19,155
- Furnished Info No
- Lot Description Quarter To Half Acre Lot
- Short Sale Regular Sale
- HOA Fees N/A
- Subdivision Complex
- Subdivision Info Altos Del Mar No 3
- Tax Amount $809,106
- Tax Year 2025
7830 Abbott Ave
Miami Beach, FL 33141Similar Properties ForSale
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