1 NE 78th St Miami, FL
$ 2,200,000
Property Attributes
  • MLS#A10886739
  • TypeCommercial
  • CountyMIAMI-DADE
  • CityMiami
  • Area31
  • Zip33138
  • StyleMultiFamily
  • Year Built1971
  • Taxes$ 23947
  • Price$ 2,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size13,063 SqFt
Listing Provided Courtesy Of:
Fausto Commercial Realty Consultants Inc
Data Source:
Southeast Florida MLS SEFMLS
Property Description

Fausto Commercial is pleased to present the Sea Breeze Apartments at 1 NE 78th Street in Miami Florida. This is a 13-unit apartment building located in the Upper East Side neighborhood of Miami. The property consists of 10 one-bedroom/one-bathroom units and 3 Studios totaling 7,496 rentable square feet. This property is a1970's vintage and fully remodeled in 2019-20 including all impact windows. It's situated on a 13,063Sq Feet of T6-8-0 land. The property is being offered for sale at $2,200,000 representing a 5.61% cap rate based on current in-place income. After increasing rents to market average, the year one cap is expected to rise to 7.78%. The Sea Breeze Apartments is located near 79th Street and North Miami Avenue, two major thoroughfares in Upper East Side.

Price History
7/2/2020 Listed $2,200,000

General Features

MLS Area 31
Property SubType MultiFamily
Property Type CommercialSale
Structure Type Apartment
Zoning Description 6100

Exterior Features

Covered Spaces 0.0
Lot Size Area 13063.0
Lot Size Square Feet 13063.0
Lot Size Units SquareFeet


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33138

AVG $2.34M
AVG $24,444
AVG 69
Year Built
AVG 1955
AVG 81
Data Provided by Walkscore ® not using MLS data

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