7830 Abbott Ave # 25, Miami Beach, FL 33141

Description of 7830 Abbott Ave # 25, Miami Beach, FL 33141

A fully operational 25-unit hospitality compound, 12 hotel keys (apartment size) + 13 residences, generating $1.1M+ in gross annual revenue with a 6% cap rate and $483,165 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. 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. The owner is willing to continue operating the property for up to six months for a management fee of 10% of gross rental revenue, allowing the new owner time to learn the business and either transition to a new property manager or assume operations directly.

Property Details for 7830 Abbott Ave # 25, Miami Beach, FL 33141

Flooring

Ceramic Floor, Tile, Vinyl

Heating

Other

Cooling

Wall/Window Unit(s)

Parking Features

Common, Free Parking, Garage

Pool Private

No

Year Built Details

Resale

Building Information for 7830 Abbott Ave # 25, Miami Beach, FL 33141

Building Name

PRAIA Boutique Hotel & Residen

Building Area Total

19155

Building Area Units

Square Feet

Stories

2

Stories Total

2

Association

No

Security Features

Smoke Alarm, Smoke Detector(s), Security Fence

Property Information for 7830 Abbott Ave # 25, Miami Beach, FL 33141

Lot Features

Corner Lot

Lot Size Square Feet

16,950

Waterfront

No

View

No

Construction Materials

Concrete Block Construction, Brick

Roof

Concrete

Sewer

Other

Water Source

Public

New Construction

No

Public Records for 7830 Abbott Ave # 25, Miami Beach, FL 33141

Parcel Number

02-32-02-007-1180

Tax Annual Amount

$80,916

Tax Legal Description

ALTOS DEL MAR NO 3 PB 8-41 LOT 10 BLK 16 LOT SIZE 50.000 X 113 OR 17257-2417 0696 5 (2)

Zoning

3900

County Or Parish

Miami-Dade County

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