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235 78th St Miami Beach FL 33141 MLS #A11708118

235 78th St
Miami Beach, FL, 33141
$9,950,000
Beds
0 Bathrooms
0 SqFt
0 Acres
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$9,950,000
235 78th St
Miami Beach, FL, 33141
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Project Description

The Historic Jerrico Apartments, a 25-unit short-term rental applicable property in North Beach, Miami Beach. This architectural masterpiece by Tony Sherman has 20 one-bedroom units and 6 studios, with a lush courtyard and rooftop deck. The property is fully legal and zoned for short-term rentals, making it a rare opportunity in Miami Beach. Recent improvements include new windows, doors, A/Cs, and electrical panel. North Beach is a hidden gem with affordability, close to upscale areas like South Beach. Get in now before values increase! Short-term rentals can yield over $900k/yr, with potential for even more.

Property Details

Price:
$9,950,000
MLS #:
A11708118
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Income/MultiFamily
Listed Date:
Dec 11, 2024
Total Sq Ft:
15,719
Year Built:
1951
Apartments,hotel/motel

Schools

Interior

Exterior

Financial

Taxes
$93,205

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Profitability of the Property

Net Monthly Income:
Annual Profitability of:
235 78th St
Miami Beach, FL