7619 Abbott AveMiami Beach, FL 33141

Property Details for 7619 Abbott Ave

Year built

1947

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Miami Beach

County

Miami-Dade

State

Florida

Latitude

25.8616

Longitude

-80.1227

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