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420 78th St
Miami Beach, FL 33141 North Shore

$4,900,000 USD

Apartments For Sale • 7,880 SF

Property Details

Property Type Apartments
Total Building Size 7,880 SF
Lot Size 0.13 AC
Building Class C
Year Built 1940
Cap Rate 5.02 %
Zoning RM-1

40 Transit Score

70 Walk Score

                
                    Highlights
                
                                Prime Coastal Location: Situated in the heart of North Beach, just steps from the ocean in one of Miami’s most desirable rental markets.
                            
                                Fully Occupied Asset: All 23 units are currently leased, providing immediate and stable cash flow from day one.
                            
                                Strong In-Place Income: Currently generating approximately $408,000 in gross annual income.
                            
                                Assumable Low-Interest Financing: Existing CBRE loan with an approximate $1.7 million balance at a highly attractive 3.18% interest rate.
                            
                                Value-Add Upside: Opportunity to increase returns through future rent growth in a high-demand, supply-constrained submarket.

Property Flyers

420 78TH ST- OM-ELEVI2

Financial Summary (Actual)

Net Operating Income: $245,756 USD (2025)

Cap Rate:	5.02 %
Total Expenses:	$162,844 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Amadeo Group - 420 78th st.

Amenities

Air Conditioning
Courtyard
Laundry Facilities
Gated
Vintage Building
Refrigerator
Oven
Range
Lounge
Public Transportation

Public Transportation

Commuter Rail	Drive	Walk	Distance
	21 min	-	9.3 mi
Airport	Drive	Walk	Distance
Miami International	36 min	-	17.2 mi
Fort Lauderdale/Hollywood International	36 min	-	18.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Elior Levi 954-743-7594 Fausto Commercial Realty Consultants

420 78th St Miami Beach, FL 33141 North Shore