7830 Abbott Ave # 25, Miami Beach, FL 33141

About This Home

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

Flooring

Ceramic Floor, Tile, Vinyl

Heating

Other

Cooling

Wall/Window Unit(s)

Parking Features

Common, Free Parking, Garage

Building & Association

Building Name

PRAIA Boutique Hotel & Residen

Stories

2

Stories Total

2

Association

No

Security Features

Smoke Alarm, Smoke Detector(s), Security Fence

Lot & Construction

Lot Features

Corner Lot

Lot Size Square Feet

16,950

Waterfront

No

View

No

Construction Materials

Concrete Block Construction, Brick

Roof

Concrete

New Construction

No

Public Records

Parcel Number

02-32-02-007-1180

Tax Annual Amount

$80,916

Zoning

3900

County Or Parish

Miami-Dade County

Location