1 / 3323
Units
7,821
Building SF
3900
Zoning
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
Location
Similar Properties
5630 Pine Tree Dr, Miami Beach FL 33140
3325 Pine Tree Dr, Miami Beach FL 33140
1131 Stillwater Dr, Miami Beach FL 33141
4515 N Michigan Ave, Miami Beach FL 33140
730 14th Pl, Miami Beach FL 33139
1150 N Biscayne Point Rd, Miami Beach FL 33141
© 2026 MIAMI Association of REALTORS® (MAOR). All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS's in the MIAMI Association of REALTORS® cooperative agreement: Broward, Palm Beaches & St. Lucie REALTORS® and the Miami Association of REALTORS®.
The information being provided is 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.
Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.
Information is deemed reliable but not guaranteed.
Listing courtesy of Fausto Commercial Realty Consultants Inc. Data last updated September 8, 2026 at 04:08 PM.