625 77th Street, Miami Beach, FL, 33141
1950
4,162 sqft
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
Status:
Pending
Type:
Multi-family
Laundry Remarks:
Outside
Units:
4
Zoning:
3900
Subdivision:
ALTOS DEL MAR NO 3
Development:
Alexis
Heating:
Heat Strip, Separate Meters
Cooling:
Electric
Levels:
2
Est. Taxes:
$18,872
Construction
Block, CBS
Utilities
Cable Available
Waterfront:
Yes
Elementary School:
Biscayne Beach
Middle School:
Miami Beach Nautilus
High School:
Miami Beach
Days on Market:
133
MLS #:
A11950199
Community Info
School Info
Walk Score
Yelp
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