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Multifamily

Flats on Abbott Avenue

8011 Abbott Avenue, Miami Beach, FL 33141

Listing Price: $1,400,000

Cap Rate
4.29%
Number of Units
8
GRM
12.01
Occupancy
97.0%
Price/Unit
$175,000
Price/Gross SF
$318.18
Gross SF
4,400

Investment Overview

Marcus & Millichap, as exclusive listing agents, are pleased to offer for sale the Flats on Abbott Avenue, located at 8011 Abbott Avenue, an 8-unit condominium located in the North Beach section of Miami Beach, Florida.

SUBJECT PROPERTY
Flats on Abbott Avenue is an 8-unit, two-story condominium located at 8011 Abbott Avenue. This sale includes 100% ownership in the property.
Flats on Abbott Avenue was built in 1949, consists of 4,528 square-feet and is situated on a 5,625 square-foot lot (according to the Miami Dade Property Appraiser). Flats on Abbott Avenue consists of (8) one-bedroom | one-bathroom apartments featuring ceramic tile flooring, updated counter tops, cabinetry and electric appliances. The property also contains hurricane resistant impact windows, an on-site laundry facility, and a large outdoor common area in the rear of the building.

LOCATION
Flats on Abbott Avenue is situated between 80th and 81st Streets just west of Harding Avenue/Florida State Road A1A, and south of Surfside and Bal Harbor. The surrounding neighborhood consists primarily of multifamily properties, single-family homes, and condominiums. The average household income is reportedly $103,347 within three miles, according to Experian.
North Beach is centrally located between Mid Beach to the South and Surfside to the North and provides easy access to North Bay Village, Normandy Isles, Bal Harbor, Bay Harbor Islands and Sunny Isles. The beach includes a boardwalk that becomes a flat trail and leads to the city of Surfside. This is a popular path for runners, bikers, and walkers. North Beach is also home to the North Beach Oceanside Park where you will find ample picnic tables, grills, and playgrounds. Proximate to the property, the North Beach Bandshell, a historic open-air amphitheater built in 1961, is known for its consistent lineup of both local and international musicians.

SUMMARY
The Flats on Abbott Avenue is offered for sale at $1,400,000 or $175,000 per unit.

Investment Highlights

  • AAA North Beach Location, Walking Distance to Beach
  • 8-Units, Ceramic Tile Floors, Electric Appliances, On-Site Laundry
  • Short Drive to Normandy Isles, North Bay Village, Indian Creek and Surfside
  • Proximate to CVS, Walgreens, Publix and North Beach Town Center

Exclusively Listed By

Financing By

Listing Price: $1,400,000

Cap Rate
4.29%
Number of Units
8
GRM
12.01
Occupancy
97.0%
Price/Unit
$175,000
Price/Gross SF
$318.18
Gross SF
4,400

Investment Highlights

  • AAA North Beach Location, Walking Distance to Beach
  • 8-Units, Ceramic Tile Floors, Electric Appliances, On-Site Laundry
  • Short Drive to Normandy Isles, North Bay Village, Indian Creek and Surfside
  • Proximate to CVS, Walgreens, Publix and North Beach Town Center

Investment Overview

Marcus & Millichap, as exclusive listing agents, are pleased to offer for sale the Flats on Abbott Avenue, located at 8011 Abbott Avenue, an 8-unit condominium located in the North Beach section of Miami Beach, Florida.

SUBJECT PROPERTY
Flats on Abbott Avenue is an 8-unit, two-story condominium located at 8011 Abbott Avenue. This sale includes 100% ownership in the property.
Flats on Abbott Avenue was built in 1949, consists of 4,528 square-feet and is situated on a 5,625 square-foot lot (according to the Miami Dade Property Appraiser). Flats on Abbott Avenue consists of (8) one-bedroom | one-bathroom apartments featuring ceramic tile flooring, updated counter tops, cabinetry and electric appliances. The property also contains hurricane resistant impact windows, an on-site laundry facility, and a large outdoor common area in the rear of the building.

LOCATION
Flats on Abbott Avenue is situated between 80th and 81st Streets just west of Harding Avenue/Florida State Road A1A, and south of Surfside and Bal Harbor. The surrounding neighborhood consists primarily of multifamily properties, single-family homes, and condominiums. The average household income is reportedly $103,347 within three miles, according to Experian.
North Beach is centrally located between Mid Beach to the South and Surfside to the North and provides easy access to North Bay Village, Normandy Isles, Bal Harbor, Bay Harbor Islands and Sunny Isles. The beach includes a boardwalk that becomes a flat trail and leads to the city of Surfside. This is a popular path for runners, bikers, and walkers. North Beach is also home to the North Beach Oceanside Park where you will find ample picnic tables, grills, and playgrounds. Proximate to the property, the North Beach Bandshell, a historic open-air amphitheater built in 1961, is known for its consistent lineup of both local and international musicians.

SUMMARY
The Flats on Abbott Avenue is offered for sale at $1,400,000 or $175,000 per unit.

Exclusively Listed By

Financing By

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