Current MLS Property Details
420 78th Street, Miami Beach, FL 33141
Miami Beach, FL, 33141
About This Property
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
Property Type
Multi Family
County
Miami-Dade
Original List Price
$4,900,000
MLS ID
A12003967
Updated
May 20, 2026
Listing Office: Fausto Commercial Realty Consultants Inc • 786-748-7373
Listing Agent: Elior Levi • 954-743-7594
MLS ID: A12003967
Property information is displayed from the site's BeachesMLS IDX data feed. Information is subject to change and should be independently verified.
Property Location
Where is this property?
420 78th Street, Miami Beach, FL 33141 · Miami Beach, FL, 33141
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