420 78th St, Miami Beach FL 33141

Description of 420 78th St, Miami Beach FL 33141

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.

Property Details for 420 78th St, Miami Beach FL 33141

Pool Private

No

Year Built Details

Resale

Building Information for 420 78th St, Miami Beach FL 33141

Building Area Total

7821

Building Area Units

Square Feet

Stories

3

Stories Total

3

Association

No

Property Information for 420 78th St, Miami Beach FL 33141

Lot Size Square Feet

5,650

Waterfront

No

View

No

Sewer

Public Sanitation

Water Source

Public

New Construction

No

Public Records for 420 78th St, Miami Beach FL 33141

Parcel Number

02-32-02-007-0980

Tax Annual Amount

$62,313

Tax Year

2,025

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

Zoning

3900

County Or Parish

Miami-Dade County

Location