6860 Abbott Ave Miami Beach, FL 33141
- Commercial real estate
- 7,370 SF
Current Use by Public Records
- Commercial real estate
Property Details for 6860 Abbott Ave
- Year built
- 1947
- Property size
- 7,370 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.122504
- Latitude
- 25.853508
