235 78th St, Miami Beach, FL 33141

$13,750,000
List Price
$13,750,000
Price Change
▼ $2,250,000 1713525247
MLS#
A11535192
Status
ACTIVE
Type
Commercial

Property 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.

Additional Information

Days on Market
107
Tax Amount
$73,204
Parcel Number
02-32-02-007-0190
Lot Size
165,000
Address
235 78th St, Miami Beach
Year Built
1951
Section
2

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Listing Courtesy of Fausto Commercial Realty Consultants Inc, Contact: