Heather Hosking - Arterra Realty Logo
$1,550,000
 $8,321 est/mo Sourced by Back At You

625 77th Street,Miami Beach, FL 33141

Miami Beach, FL 33141

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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

Details

MLS #A11950199
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1950
Days On Site263
Listing Provided ByLondon Foster Realty | Sergio Evora

Features

SQ Feet4,162
Story(s)2
Units4
Zoning3900
Water FrontYes

Exterior

Lot FeaturesSprinkler System

Taxes

Tax Annual Amount18872

Area Information

StateFL
CountyMiami Dade
CityMiami Beach
Zip Code33141
Area2320
Community NameALTOS DEL MAR NO 3
Listing VS Median (in ALTOS DEL MAR NO 3)
Price:
$1,550,000
low | high
Med:
$1,799
100% of Average
sqft:
4,162
low | high
Med:
850
100% of Average
$ / sqft:
$372
low | high
Med:
$2
100% of Average
On site:
263
low | high
Med:
25
100% of Average
Sourced by Back At You

Market Activity 33141

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Learn More About This Property

Heather Hosking

Heather Hosking

Arterra

432975 (586) 489-7725heather.hosking@arterrarealty.com
StateFL
CountyMiami Dade
CityMiami Beach
Zip Code33141
Area2320
Community NameALTOS DEL MAR NO 3
Listing VS Median (in ALTOS DEL MAR NO 3)
Price:
$1,550,000
low | high
Med:
$1,799
100% of Average
sqft:
4,162
low | high
Med:
850
100% of Average
$ / sqft:
$372
low | high
Med:
$2
100% of Average
On site:
263
low | high
Med:
25
100% of Average
Sourced by Back At You
Listing Updated: September 29, 2026 at 1:40:11 AM PDT