420 78th St, Miami Beach FL 33141,33141,Miami Beach,Miami-Dade County
- $4,900,000
420 78th St, Miami Beach FL 33141,33141,Miami Beach,Miami-Dade County
- $4,900,000
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.
Overview
- Income/MultiFamily
- sqft
- 1940
- A12003967
Details
Actualizado en abril 27, 2026 a 2:17 am-
Property ID A12003967
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Price $4,900,000
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Year Built 1940
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Type Income/MultiFamily
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Property Status Commercial Sale
Additional details
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BuildingAreaTotal 7821
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BuildingAreaUnits Square Feet
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BusinessType Apartments
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ContractStatusChangeDate 2026-04-26
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DaysOnMarket 0
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ExpirationDate 2026-09-20
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InternetAddressDisplayYN 1
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InternetAutomatedValuationDisplayYN 1
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InternetConsumerCommentYN 1
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InternetEntireListingDisplayYN 1
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ListAOR A-Miami Association of REALTORS
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ListAgentDirectPhone 954-743-7594
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ListAgentEmail elevi@faustocommercial.com
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ListAgentFullName Elior Levi
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ListAgentKey 1935ebadec8c69d7a6e4620d2dae77a8
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ListAgentMlsId 3574869
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ListAgentOfficePhone 954-743-7594
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ListAgentStateLicense 3574869
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ListOfficeFax 305-675-0365
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ListOfficeKey 7cfc112ff185580637392301ab94285c
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ListOfficeMlsId FAUS01
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ListOfficeName Fausto Commercial Realty Consultants Inc
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ListOfficePhone 954-743-7594
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ListingAgreement Exclusive Right To Sell
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ListingContractDate 2026-04-26
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ListingKey 0f71607a7e1c05f1a879205c562e7718
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ListingTerms All Cash, Assumable, Conventional/Refinance
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LotSizeSquareFeet 5650
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MajorChangeTimestamp April 26, 2026 at 11:53pm
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MajorChangeType New
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MlsStatus Active
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ModificationTimestamp April 26, 2026 at 11:53pm
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NumberOfBuildings 1
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NumberOfUnitsInCommunity 23
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OnMarketDate 2026-04-26
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OriginalEntryTimestamp April 26, 2026 at 11:53pm
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OriginalListPrice 4900000
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OriginatingSystemID miamire
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OriginatingSystemKey miamire
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OriginatingSystemName Miami Association of REALTORS®
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OtherExpense 0
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ParcelNumber 02-32-02-007-0980
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PhotosChangeTimestamp April 26, 2026 at 11:56pm
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PhotosCount 33
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Possession Funding
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PostalCodePlus4 2091
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PriceChangeTimestamp April 20, 2026 at 11:13am
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PublicSurveyRange 32
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PublicSurveyTownship 32
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Sewer Public Sanitation
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ShowingContactType Agent
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ShowingInstructions Call Listing Agent
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SourceSystemKey 457018648
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SpecialListingConditions Sale
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StateOrProvince FL
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StatusChangeTimestamp April 26, 2026 at 11:53pm
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Stories 3
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StoriesTotal 3
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StreetName 78th St
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StreetNumber 420
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StreetNumberNumeric 420
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SyndicationRemarks 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.
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TaxAnnualAmount 62313
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TaxLegalDescription 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
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TaxYear 2025
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WaterSource Public
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YearBuiltDetails Resale
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Zoning 3900
Address
Open on Google Maps-
Address: 78th St
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City: Miami Beach
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State/county: Miami-Dade County
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Zip/Postal Code: 33141
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