For Sale
$3,500,000

7619 Abbott Ave Miami Beach, FL 33141

16-Unit Oceanfront Income Property

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 16-unit multifamily property, located at 7619 Abbott Ave in Miami Beach, Florida, presents a compelling investment opportunity. Built in 1947 and situated just two blocks from the ocean, this two-story building has undergone a complete renovation. The extensive upgrades include a new roof, entirely new plumbing and electrical systems, impact-resistant windows throughout, updated air conditioning units, modern lighting fixtures, and completely remodeled bathrooms and kitchens in every unit. Each of the 16 units boasts a contemporary design, maximizing both functionality and appeal to attract high-quality tenants. The property's prime location in Miami Beach ensures consistent rental income and significant potential for future appreciation, given the area's enduring popularity and strong real estate market. The asking price for this meticulously renovated property is $3,500,000. This is a rare chance to acquire a turnkey multifamily investment in one of the most desirable locations in South Florida. The property's strong cash flow and potential for growth make it an ideal addition to any investment portfolio. The 33141 zip code offers easy access to the vibrant Miami Beach lifestyle and its many attractions. This is a truly exceptional opportunity to own a piece of Miami Beach real estate.

Highlights

  • 16-unit multifamily property in Miami Beach, FL.
  • Completely renovated in 1947 building, two blocks from the ocean.
  • New roof, plumbing, electrical, impact windows, AC units, lighting, kitchens, and bathrooms.
  • Contemporary unit design maximizing functionality and tenant appeal.
  • Asking price: $3,500,000.

Property Details for 7619 Abbott Ave

Property type
Commercial real estate
Year Built
1947
Buildings
1
Stories
2

Location Insight

City
Miami Beach
County
Miami-Dade
State
Florida
Latitude
25.8616479
Longitude
-80.1227223

FAQs

What type of property is this?
Commercial real estate - 16-Unit Oceanfront Income Property
Where is the commercial real estate located?
The property is located at 7619 Abbott Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 16-unit multifamily property in Miami Beach, FL.; Completely renovated in 1947 building, two blocks from the ocean.; New roof, plumbing, electrical, impact windows, AC units, lighting, kitchens, and bathrooms.
How can I contact the broker?
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7619 Abbott Ave
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