420 78th St, Miami Beach FL 33141

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.

This income/multifamily home located at 420 78th St, Miami Beach FL 33141 is currently for sale and it is a new listing on Brickellsold listed today. This property is listed at $5M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1940. 420 78th St, Miami Beach FL 33141 is in Miami Beach county Miami-Dade County.