625 77th St, Miami Beach, FL 33141
Local realty services provided by:CENTURY 21 Carioti
Listed by: sergio evora
Office: london foster realty305-514-0100
MLS#:A11950199
Source:SEFMLS
Price summary
- Price:$1,550,000
- Price per sq. ft.:$372.42
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...
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Home facts
- Year built:1950
- Listing ID #:A11950199
- Updated:June 17, 2026 at 07:44 AM
Rooms and interior
- Flooring:Ceramic Tile
- Living area:4,162 sq. ft.
Heating and cooling
- Cooling:Electric
- Heating:Heat Strip
Structure and exterior
- Roof:Concrete
- Year built:1950
- Building area:4,162 sq. ft.
- Lot Features:Sprinkler System
- Architectural Style:Fourplex
- Construction Materials:Block
- Exterior Features:Fence, Open, Porch, Security High Impact Doors
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,550,000
- Price per sq. ft.:$372.42
- Tax amount:$18,872 (2025)
Features and amenities
- Amenities:Balcony, Blinds, Impact Glass Windows, Lighting
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