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

Features
Swimming Pool
Heating System
Cooling System
Patio:
Porch, Open
Architectural Style
Community Features:
Laundry Facilities
Roof:
Concrete
Sewer
Address Map
State:
FL
County:
Miami-Dade
City:
Miami Beach
Zipcode:
33141
Street:
625 77th St, Miami Beach, Florida 33141
Longitude:
W81° 52' 29.1''
Latitude:
N25° 51' 44''
MLS Addon
Building Area:
4,162 Sqft
Construction Materials:
Block
Cumulative DOM:
23
DOM:
23
Exterior Features
Flooring:
Ceramic Tile
Internet Address Display:
1
Internet Listing Display:
1
Listing Terms:
Cash, Conventional
Lot Features
Parcel Number:
02-32-02-007-2150
Subdivision Name:
ALTOS DEL MAR NO 3
Tax Annual Amount:
$18,872
Tax Year:
2025
Utilities
Virtual Tour:
Click Here
Waterfront Features
Window Features:
Impact Glass, Blinds

Residential Income For Sale

625 77th St, Miami Beach, Florida 33141, Miami Beach, Florida 33141

4,162 Sqft
$1,550,000
MLS # #A11950199
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Price :
$1,550,000
Square Footage :
4,162 Sqft
Year Built :
1950
MLS # :
A11950199
Property Sub Type :
Quadruplex
Agent info
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