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235 78th St, Miami Beach, FL 33141

$8,500,000

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List Price: $8,500,000
Price Change: ▼ $1,450,000 1763093973
MLS#: A11708118
Status: ACTIVE
Type: Commercial

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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.

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Additional Information

Days on Market: 681
Tax Amount: $93,205
Parcel Number: 02-32-02-007-0190
Lot Size: 16,500
Address: 235 78th St, Miami Beach
Year Built: 1951