420 78th St ,Apartments for Sale & Rent

420 78th St for Sale & Rent

Price $4,600,000.00

• Lot size 7821
• Year Build 1940
• Waterfront
• Zip 33141
• Style
• Parking Description
• Pool Yes
• Status Active

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.

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

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.

City:Miami Beach,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:3,Tax Year:2025,Latitude:25.862965,List Price:4600000,Listing Id:A12003967,Longitude:-80.1236304,Mls Status:Active,Year Built:1940,Postal Code:33141,Street Name:78th St,Coordinates:1:25.862965,Photos Count:33,Days On Market:41,Listing Terms:1:Assumable,2:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:32,On Market Date:2026-04-26,Parcel Number:02-32-02-007-0980,Property Type:Commercial Sale,Stories Total:3,Street Number:420,Public Remarks: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.,County Or Parish:Miami-Dade County,Expiration Date:2026-09-20,List Office Name:Fausto Commercial Realty Consultants Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:2091,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:62313,Unparsed Address:420 78th St, Miami Beach FL 33141,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Year Built Details:Resale,Building Area Total:7821,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:5650,M I A M I R E_ Flood Zone:AE,Number Of Buildings:1,Original List Price:4900000,Previous List Price:4900000,Public Survey Range:32,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks: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.,Listing Contract Date:2026-04-26,Originating System I D:miamire,Showing Instructions:Call Listing Agent,Street Number Numeric:420,Tax Legal Description: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,M I A M I R E_ Current Price:4600000,Public Survey Township:32,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Internet Remarks:Please visit Fausto Commercial Realty Consultants Inc.,M I A M I R E_ Parcel Number M L X:0980,M I A M I R E_ Street View Param:1$25.862969$-80.123599$252.80$13.33$1.00$kxBk9k_kcyub3LA1SYn1Lg,Contract Status Change Date:2026-04-26,Internet Address Display Y N:1,Number Of Units In Community:23,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:7,M I A M I R E_ Agent Alternate Phone:954-743-7594,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:420 78th St,M I A M I R E_ Multiple Offers Accepted Y N:1,Internet Automated Valuation Display Y N:1,