$3,950,000
Active
$3,950,000
939 47th
Miami Beach, FL 33140
5 bd4 ba3,630 sqft
Nautilus Addn
$4,600,00026 days on marketActive
420 78th Street, Miami Beach, FL 33141
Miami Beach, FL 33141
0
Sq Ft
1940
Year Built
0.13 acres
Lot Size
Listing Snapshot
| List Price | $4,600,000 |
| Beds | 0 |
| Baths | 0 |
| Living Area | 0 sqft |
| Lot Size | 0.13 acres |
| Year Built | 1940 |
| Property Tax | $62,313/yr |
| MLS # | 1158552775 |
| Status | Active |
| Days on Market | 26 |
About This Home
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.
General Features
- Property Type
- CommercialSale
- Sub-type
- MultiFamily
- Zoning
- 3900
Interior Features
Exterior Features
Community Features
- MLS Area
- 2320
Map
Virtual Tour
View Virtual TourListed by Elior Levi · Fausto Commercial Realty Consultants Inc
MLS# 1158552775 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
MLS# 1158552775 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
Interested in this home?
Schedule a showing or ask a question — buyer representation is free.
Estimate Your Payment
$
20% down · Loan: $3,680,000
%
Est. Monthly$30,297
Principal & Interest$25,104
Property Tax$5,193
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.
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