420 78th St, Miami Beach, FL 33141
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420 78th St, Miami Beach, FL 33141
420 78th St, Miami Beach, FL 33141
420 78th St, Miami Beach, FL 33141
420 78th St, Miami Beach, FL 33141
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 4,600,000
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Price Dropped by $300K

420 78th St Miami Beach, FL 33141

7,821 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,821 sqft

Price per Sqft $588

MLS Listing ID A12003967

HOA Y/N No

Year Built 1940

Annual Tax Amount $62,313

Tax Year 2025

Lot Size 5,650 Sqft

Property Sub-Type Multi Family

Property Description

420 78th St is a 23-unit multifamily property located in the heart of North Beach, just steps from the ocean. The asset consists of 22 studio units and one 1-bedroom/1-bath unit within a 7,821 SF, three-story building, currently generating approximately $408,000 in gross income. The property is fully occupied, offering strong in-place cash flow with additional upside through future rent growth, making it an attractive investment opportunity in a high-demand rental market. Positioned in a prime beachside location, the property benefits from consistent tenant demand and is just minutes from major employment hubs, retail, and dining, as well as Downtown Miami. The offering also includes a highly attractive assumable loan through CBRE with an approximate $1.7M balance at a 3.18% interest rate, providing a significant financing advantage for a new owner.

Location

State FL

County Miami-dade

Area 32

Exterior

Private Pool Yes

Building

Story 3

Sewer Public Sewer

Water Public

Others

Tax ID 02-32-02-007-0980

Acceptable Financing Assumable, Cash, Conventional, Other

Listing Terms Assumable, Cash, Conventional, Other

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12003967

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Fausto Commercial Realty Consultants Inc

NEARBY SCHOOLS & PROPERTIES

Alex Mendel

Alex Mendel

Agent

+1(561) 827-8449

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420 78th St

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