For Sale
$2,089,000

6860 Abbott AveMiami Beach, FL 33141

Ten-Unit Apartment Building, High Cash Flow

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 10-unit apartment building presents a compelling investment opportunity in the desirable North Beach neighborhood of Miami Beach, Florida. Located at 6860 Abbott Avenue, this property boasts a prime location and strong financial performance. The building, constructed in 1947, comprises 7,370 square feet across two stories within a single structure. Currently fully occupied, it offers immediate positive cash flow and a substantial return on investment. The asking price is $2,089,000, representing a 6.39% capitalization rate. The property is zoned under the *3900 designation. This multifamily asset, classified as Class B, provides a rare chance to acquire a well-maintained, income-generating property in a thriving Miami Beach location. The building's strong occupancy rate and consistent cash flow make it an attractive proposition for both seasoned investors and those new to the multifamily market. Its established rental income stream provides immediate financial returns, minimizing vacancy risks and maximizing profitability. The property's location in North Beach offers easy access to the area's amenities, beaches, and vibrant community. This is a turnkey investment ready to generate income from day one. Serious inquiries are encouraged.

Highlights

  • $2,089,000 asking price.
  • Ten-unit apartment building.
  • Class B multifamily property.
  • 7,370 square feet.
  • 6.39% cap rate.
  • Built in 1947.

Property Details for 6860 Abbott Ave

Property type
Apartment buildings
Square Feet
7,370 SF
Class
B
Year Built
1947
Buildings
1
Stories
2
Units
10

Location Insight

City
Miami Beach
County
Miami-Dade
State
Florida
Latitude
25.853508
Longitude
-80.122504
6860 Abbott Ave, Miami Beach, Florida

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6860 Abbott Ave
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