Property 420 78th Street, Miami Beach, FL 33141 for sale with MLS# A12003967
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.
420 78th Street, Miami Beach, FL 33141
- Price:
- $4,600,000.00
- Original List Price:
- $4,900,000.00
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Commercial Sale
- Property Type:
- Multi Family
- Description of Last Important Update:
- Price Reduced
- Last Major Update on:
- May 20, 2026 6:38 pm
- Built-Up Area:
- 7,821 Sqft
- Lot Size Acres:
- 0.13
- Year Built:
- 1940
- Number of Buildings:
- 1
- Flood Zone Code:
- AE
- Property Condition:
- Resale
- Tax Annual Amount:
- $62,313.00
- Tax Year:
- 2025
- Sewer:
- Public Sewer
- Water Source:
- Public
- Senior Community:
- No
- Listing Terms Considered by Seller:
- Cash, Conventional, Assumable (The financing currently in place may be assumed), Other
- Buyer Possession:
- Negotiable
- Tax Legal Description:
- ALTOS DEL MAR NO 3 PB 8-41 LOT 1 BLK 15 LOT SIZE 50.000 X 113 OR 19254-3638 0800 1 COC 22093-4819 02 2004 1
- Real Estate Folio Number (Parcel Number):
- 0232020070980
- Zoning:
- 3900
- Active on the market since:
- April 26, 2026
- Listing Agreement executed on:
- April 26, 2026
- Price change occurred on:
- May 20, 2026 6:38 pm
- Listing Status Last Changed On:
- April 26, 2026 4:00 am
- Photos updated on:
- May 20, 2026 5:42 pm
- Last Modified:
- May 20, 2026 5:42 pm
- Courtesy of:
- Fausto Commercial Realty Consultants Inc
- Attribution:
- Not provided
- Street Name:
- 78th
- Street Number:
- 420
- City:
- Miami Beach
- State:
- Florida
- Zip Code:
- 33141
- County:
- Miami-Dade
- Latitude:
- N25° 51' 46.7''
- Longitude:
- W81° 52' 35''
- Street Suffix:
- Street
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
Ver la propiedad 420 78th Street, Miami Beach, FL 33141
