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420 78th St , Miami Beach, FL 33141

$4,900,000

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New to the Market Active

MLS#A12003967

STATUSActive PROPERTY TYPECommercial - Business

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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.

420 78th St | MLS# A12003967

This commercial property located at 420 78th St , Miami Beach, FL 33141 is currently listed for sale with an asking price of $4,900,000. Search Miami Beach real estate on cbruceharris.realty100.com today.

Property Features

Property Type: Commercial - Business

Lot Size: 0.13 Acres

Stories: 3.0

Taxes: $62,313

Year Built: 1940

Feature Descriptions

Crops Included Y/N: No

Home Warranty Y/N: No

Lease Considered Y/N: No

Listing Terms: All Cash, Assumable, Conventional/Refinance

Parcel#: 02-32-02-007-0980

Property Attached Y/N: No

Property Sub-Type: Income/MultiFamily

Sewer: Public Sanitation

Water: Public

Listed By / Shown By

Listed By

Agency Name: Fausto Commercial Realty Consultants Inc
Agency Phone: 954-743-7594

Shown By

Agent Name: Christopher Harris
Agent Phone: Cell: (954) 729-9387
Agency Title: Realty 100

420 78th St , Miami Beach, FL 33141

$4,900,000

SAVE TOUR PROPERTY

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/27/2026. The listing information on this page last changed on 04/27/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 04/27/2026 2:08:27 AM EST) or Miami MLS (last updated Mon 04/27/2026 12:28:12 AM EST) or Stellar MLS (last updated Mon 04/27/2026 1:58:49 AM EST) or Beaches MLS (last updated Mon 04/27/2026 1:56:51 AM EST). Real estate listings held by brokerage firms other than Realty 100 may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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420 78th St , Miami Beach, FL 33141

Property Description

420 78th St | MLS# A12003967

Property Features

Feature Descriptions

Listed By / Shown By

420 78th St , Miami Beach, FL 33141

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