$8,499,000
Mid-Tier
Multifamily for sale in Altos Del Mar7830 Abbott Ave, Miami Beach, FL 33141A 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.