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… Read More 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. Read Less
Courtesy of Elior Levi, Fausto Commercial Realty Consultants Inc 786-748-7373
Listing Snapshot
Days Online
128
Last Updated
Property Type
Multi Family
Square Ft.
7,821
Lot Size
0.13 Acres
Year Built
1940
MLS Number
A12003967
30 Days Snapshot Of 33141
$399k
-9%
(avg) sold price
24
-35%
homes sold
145
-5%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1940, Toal building area: 7821
Lot
0.13 acres
Property
Zoning: 3900
Sewer
Public Sewer
Taxes
Annual amount: $62,313
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by MLS.
Confirm your time
Fill in your details and we will contact you to confirm a time.
or message me directly
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.