625 77th Street, Miami Beach, FL 33141
- $1,550,000
- 4,162
- SqFt
- List Price
- $1,550,000
- MLS#
- A11950199
- Sq. Ft
- 4,162
- Subtype
- Quadruplex
- County
- Miami-Dade
- Subdivision
- Altos Del Mar No 3
- Year Built
- 1950
Property Description
TOTALLY UPDATED INCOME GENERATING BUILDING! Walk to the BEACH! This two-story, 4,162 SF multifamily building sits on a 5,500 SF lot and offers immediate income! The property features 4 spacious units, each a 2-bedroom / 2-bathroom residence, all currently leased on 12-month agreements. Current annual income:$112,800 Projected annual income: $124,000 NOI: $71,447 Cap Rate: 4.61% Fully updated in 2019, including completion of the 40-year certification. New roof installed with permits in January 2026, offering long-term peace of mind. Unit features: Hurricane-impact windows and doors, recent interior paint, porcelain flooring, in-unit washer/dryer combos, stainless-steel appliances, open-concept kitchens, and a well-maintained garden with secured fencing. Situated in a high-demand rental area near the upcoming Town Center Redevelopment, surrounded by new luxury high-rises—a strong catalyst for future appreciation and tenant demand.Walk to the beach, restaurants, public transit, schools. and close to the Normandy Shores Golf Course. PLEASE DO NOT BOTHER THE TENANTS
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Additional Information
- Construction
- Block
- Cooling
- Electric
- Flooring
- Ceramic Tile
- Heating
- Heat Strip, Separate Meters
- Roof
- Concrete
- Taxes
- $18,872
- Utilities
- Cable Available
- Waterfront
- Ocean Access
- Stories
- 2
- Price Per Sqft
- $372
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Listing courtesy of London Foster Realty. Contact:
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Sergio Evora | Email: soldbysergioevora@gmail.com