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.
Address Map
FL
Miami-Dade County
Miami Beach
33141
235 78th St
Jerrico Apts
W81° 52' 41.3''
N25° 51' 48.5''
MLS Addon
235 78th St, Miami Beach, Florida 33141
$16,000,000
165,000 size sq.ft.
Listing ID #A11535192
Basic Details
Property Type Commercial Sale
Listing Type For Sale
Listing ID A11535192
Price $16,000,000
Year Built 1951
Days on Market 12
Building Area 17,914
Status Active
Property SubType Income/multifamily
Lot Area 165,000 Sqft
List Date 2024-02-18
On Market Date 08/02/2024
MiamiInvestrealty
