420 78th St, Miami Beach, FL 33141

• 7,821 sqft

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.

Listing Status:

Active

Date Added:

April 26, 2026

Data Last Updated:

June 20, 2026 at 7:06AM

Listing Office:

Fausto Commercial Realty Consultants Inc : 786-748-7373

Listing Agent:

Elior Levi : 954-743-7594

MLS ID:

A12003967

Construction

• General: 3

Location

• Originating MLS: Miami Association of REALTORS®
• County: Miami-Dade County

Lot

• Zoning: 3900ALTOS 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 102-32-02-007-0980

Utilities

• Water: Public
• Sewer: Public Sanitation

Financial

• Source: Miami Association of REALTORS®