Overview
- Multi Family, Commercial Sale
- 7821
- 1940
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.
Address
Open on Google Maps- Address 420 78th Street
- City Miami Beach
- State/county FL
- Zip/Postal Code 33141
- Area Miami-Dade
Details
Updated on September 9, 2026 at 6:28 am- Property ID: HZA12003967
- Price: $4,600,000
- Property Size: 7821 Sqft
- Land Area: 0.13 Acres
- Garage Size: x x
- Year Built: 1940
- Property Type: Multi Family, Commercial Sale
- Property Status: Active, For Sale
Additional details
- Listing Terms: Assumable, Cash, Conventional, Other
- Sewer: Public Sewer
- County: Miami-Dade
- Property Type: Commercial Sale
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