420 78th St, Miami Beach, FL 33141 — MLS photo

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420 78th St, Miami Beach, FL 33141

Active · MultiFamily

$5,225,000

420 78th St, Miami Beach, FL 33141

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1940
Lot size
5,650 sq ft
HOA fee
—
Annual tax
—

About this property

23 unit North Beach Miami style apartment. Beautiful Renovated 3 story apartment building with little work to be done. Room to raise rents and capitalize more income! Call Kamy for more information Units are occupied, please do not disturb!

Property location

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420 78th St, Miami Beach, FL 33141

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
MultiFamily
Year built
1940
Lot size
5,650 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Miami-Dade
MLS listing ID
A11909726
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$10,226

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$24,769/mo
Down payment
$1,306,250
Loan amount
$3,918,750
Annual NOI
$174,520

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.