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625 77th St

Miami Beach, FL

Listing Details

  • $1,550,000
  • MLS# A11950199
  • Type Multi Unit - Multiple
  • Status Pending
  • 4,162
    Square Feet
  • 1950
    Year Built

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... Read more 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

Key Features

  • Balcony
  • Exterior Lights
  • Stairs
View All Features
625 77th St
Miami Beach, FL 33141
Subdivision
ALTOS DEL MAR NO 3Alexis
County
Miami-Dade

Contact the Agent

Luxury Homes Specialist
Contact the Listing Agent
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Building Features: Laundry Facility
  • Cooling: Electric
  • Crops Included Y/N: No
  • Days on Site: 152
  • Door Features: High Impact Doors
  • Exterior: Concrete Block Construction, CBS Construction
  • Exterior Features: Balcony, Exterior Lights
  • Fenced: Yes
  • Fencimg: Fenced
  • Flooring: Ceramic Floor
  • Heating: Heat Strip
  • Home Warranty Y/N: No
  • Interior Features: Stairs
  • Lease Considered Y/N: No
  • Listing Terms: All Cash, Conventional
  • Lot Description: Less Than 1/4 Acre Lot
  • Parcel#: 02-32-02-007-2150
  • Patio/Porch: Open Porch
  • Property Attached Y/N: No
  • Property Sub-Type: Quadruplex
  • Roof Type: Concrete
  • Sewer: Public Sewer
  • Stories: 2.0
  • Taxes: $18,872
  • Units: 4
  • Water: Municipal Water
  • Water Features: Ocean Access
  • Window: Clear Impact Glass, Blinds, High Impact Windows, Impact Glass
  • Year Built: 1950