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Listed price in listed location currency (USD).
$4,900,000

000

MLS® A12003967

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes $62,313
Days Active 0
Lot Size 
Approx. Age 1940
MLS® Number A12003967

Property Address: 420 78th St, Miami Beach, FL, 33141-2091

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberA12003967
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1940
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 26, 2026List Date
$4,900,000List Price
  • Commute

Commute

Starting Address
Destination Address
420 78Th St, Miami Beach, FL

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