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420 78th St, Miami Beach, FL
Offering:
For Sale
Location:
Miami Beach, FL 33141
Status:
Active
$4,600,000
Deemed reliable but not guaranteed.
Details
Year built:
1940
Lot size:
5,650 sq ft
Stories:
3
Days on market:
135
Annual tax (2025):
$62,313
Type:
Multi-family
MLS ID
A12003967
Virtual tour:
Listed by:
Fausto Commercial Realty Consultants Inc (FAUS01)
Listing office phone:
786-748-7373
Listing office email:
Listing agent:
Elior Levi (3574869)
Utilities
Water source:
Public
Sewer:
Public Sewer
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.
Price history
$4,900,000 → $4,600,000
·
Reduced by
$300,000 (6.1%) · 2 price changes
Location
420 78th StMiami Beach, FL 33141
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MLS information
Last updated Sep 8, 2026
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
