$4,600,000
Miami Beach, FL 33141
MLS# A12003967
7821 sqft
1 / 33
Property 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.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2026-04-26
Status: Active
Original List Price: 4900000
List Price: $4,600,000
Current Price: $4,600,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami Beach
Postal Code: 33141
Subdivision Number: 7
Multiple Offers Accepted: Yes
Flood Zone: AE
Country: United States
Street Number: 420
Street Name: 78th
Street Suffix: Street
State Or Province: FL
Postal Code +4: 2091
Area: 2320
Parcel Number: 0232020070980
Zoning: 3900
General Property Information
Number Of Buildings: 1
Occupant Type: Call Listing Agent
Lot Size Area: 5650
Property Sub Type: Multi Family
Building Area Main: 7821
Year Built: 1940
Lot Size Acres: 0.13
Office/Member Information
DXORIGMLSID: SEF
Property Condition
Resale: 1
Possession
Negotiable: 1
Sewer
Public Sewer: 1
Listing Terms
Assumable: 1
Cash: 1
Conventional: 1
Other: 1
Water Source
Public: 1
Showing Requirements
Call Listing Agent: 1
Price Calculations
Current Price To SqFt: 588.16
Section Details
Parcel Number MLX: 0980
Financial Information
Tax Annual Amount: 62313
Tax Year: 2025
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
Status Change Information
Major Change Timestamp: 2026-05-20T18:38:30Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-05-20T18:38:30Z
Status Change Date: 2026-04-26
Originating Details
Originating System Key: 457018648
Originating System ID: M00000151
Property Features
Possession: Negotiable
Property Condition: Resale
Listing Terms: Assumable; Cash; Conventional; Other
Sewer: Public Sewer
Water Source: Public
Showing Requirements: Call Listing Agent
Listing Office: Fausto Commercial Realty Consultants Inc
Last Updated: November - 08 - 2026
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