625 77th St Miami Beach, FL 33141
North Shore NeighborhoodEstimated payment $9,735/month
Highlights
- Property has ocean access
- No HOA
- Porch
- Waterfront
- Balcony
- High Impact Windows
About This Home
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
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,872
Year Built
- Built in 1950
Lot Details
- Waterfront
- Fenced
Home Design
- Quadruplex
- Concrete Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 4,162 Sq Ft Home
- 2-Story Property
- Blinds
- Ceramic Tile Flooring
Home Security
- High Impact Windows
- High Impact Door
Outdoor Features
- Property has ocean access
- Balcony
- Exterior Lighting
- Porch
Utilities
- Cooling Available
- Heat Strip
Listing and Financial Details
- Assessor Parcel Number 02-32-02-007-2150
Community Details
Overview
- No Home Owners Association
- 4 Units
- Altos Del Mar No 3 Condos
- Altos Del Mar No 3,Alexis Subdivision
Amenities
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/21/2026 01/21/26 | For Sale | $1,550,000 | -- | $372 / Sq Ft |
Source: MIAMI REALTORS® MLS
MLS Number: A11950199
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