419 78th St - Apartments FOR SALE


Miami Beach, FL 33141- North Shore
$1,995,000 USD
786-981-3185
419 78th St, Miami Beach, FL for Sale
$1,995,000 USD
Apartments - FOR SALE
1/47
null | 6.81% Cap Rate

419 78th St
Miami Beach, FL 33141
North Shore


HIGHLIGHTS

  • Turn-key trophy asset located 2 blocks from the beach!

OVERVIEW

Cash Flow of $15,450/Month! Massive $200K price drop! Fully gutted and rebuilt 7-unit multifamily just 2 blocks from the beach, now offered at a true 6.8% cap rate. Featuring (4) 1BD/1BA and (3) 2BD/1BA units—all brand new with impact windows, new electrical, plumbing, HVAC, insulation, flooring, kitchens, appliances, and designer baths. On-site laundry adds $450/mo in income. Zero deferred maintenance, premium finishes, and a prime Miami Beach location make this a rare turnkey asset delivering strong cash flow and long-term upside. Property currently has (2) units pending to be rented: - 419 78 St #1 - 1/1 for $2,000/Month (Identical unit above rented for $2k/month) - 7801 Byron Ave #B - 1/1 for $1,900 (Pending offer to lease) Units will be rented by closing at the prices listed above with no concessions offered.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$455 USD /SF

# OF UNITS

7

PRICE/UNIT

$285,000

CAP RATE

6.81%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7801 Byron Ave.

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

RM-1-30

APN/PARCEL ID

02-3202-007-1140

ASK ABOUT THIS PROPERTY

Alex LorenzoDuex Capital GroupMore Info
786-981-3185

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Alex LorenzoDuex Capital GroupMore Info
786-981-3185

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.