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625 77th St, Miami Beach, FL 33141
Offering:
For Sale
Location:
Miami Beach, FL 33141
Subdivision:
ALTOS DEL MAR NO 3
Status:
Pending
$1,550,000
Deemed reliable but not guaranteed.
Details
Year built:
1950
Levels:
Two
Stories:
2
Style:
Fourplex
Condition:
Updated Remodeled
Days on market:
133
Annual tax (2025):
$18,872
Type:
Quadruplex
MLS ID
A11950199
Virtual tour:
Listed by:
London Foster Realty (LNFS01)
Listing office phone:
305-514-0100
Listing office email:
Listing agent:
Sergio Evora (3108028)
Features
Utilities
Available:
Cable Available
Water source:
Public
Sewer:
Public Sewer
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
Price history
$1,550,000 → $1,550,000
· 1 price changes
Location
625 77th StMiami Beach, FL 33141
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MLS information
Last updated Aug 26, 2026
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
