Price Reduced 6.12%
Price History
$4,900,000
4/26/2026
$4,600,000
5/20/2026
420 78th St, Miami Beach, FL, 33141
1940
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.
Status:
Active
Type:
Commercial
Units:
23
Zoning:
3900
Est. Taxes:
$62,313
Days on Market:
24
MLS #:
A12003967
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