625 77th Street, Miami Beach, FL 33141 (MLS# A11950199)

625 77th Street, Miami Beach, FL 33141

$1,550,000
Property Type: Residential Income Square Footage: 4,162 Status: Pending
Current Price: $1,550,000 List Date: 1/21/2026 Last Modified: 10/31/2026

Overview

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 ...

Listing Details MLS# A11950199

General Property Information

Number Of Units Total
4
Property Sub Type
Quadruplex
Building Area Main
4162
Living Area Main
4162
Adjusted Area Main
3850
Year Built
1950
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
2
Pool Private YN
No

Property Features

Documents Available: Copy Of Lease(s); Deposit - Last Months Rent; Deposit - Security; Rent Rolls Electric: Circuit Breakers Exterior Features: Lighting Fencing: Fenced Flooring: Ceramic Tile Property Condition: Resale; Updated/Remodeled Structure Type: Multi Family Construction Materials: Block; CBS Heating: Heat Strip; Separate Meters Laundry Features: Outside Listing Terms: Cash; Conventional Possession: Subject To Tenant Rights; Other Roof: Concrete Sewer: Public Sewer Sprinkler Description: Other Sprinkler Tax Information: City/County Utilities: Cable Available Water Access: Ocean Access Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent Outdoor Living Spaces: Balcony; Porch Porch Details: Porch - Open Unit 1 Appliances: Dishwasher; Microwave; Range; Refrigerator; Other Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s); Window Coverings Unit 1 Parking Features: On Street Unit 2 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Other Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s); Window Coverings Unit 2 Parking Features: On Street Unit 3 Appliances: Dishwasher; Microwave; Range; Refrigerator; Other Unit 3 Other Equipment: Air Conditioning Unit; Smoke Detector(s); Window Coverings Unit 3 Parking Features: On Street Unit 4 Appliances: Dishwasher; Microwave; Range; Refrigerator; Washer Unit 4 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 4 Parking Features: On Street Contingencies: Inspection

Contract Information

Comp Sale YN
No
Original List Price
1550000

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
625
Street Name
77th
Street Suffix
Street
City Name
Miami Beach
Municipal Code
2
State Or Province
FL
Postal Code
33141
Postal Code +4
2225
Postal Zip
33141
Subdivision Name
ALTOS DEL MAR NO 3
Development Name
Alexis
Area
2320
Elementary School
Biscayne Beach
Middle Or Junior School
Miami Beach Nautilus
High School
Miami Beach
Special Assessment YN
No
Parcel Number
0232020072150
Subdivision Number
7
Zoning
3900
Flood Zone
AE

Financial Information

Tax Annual Amount
18872
Tax Year
2025
Tax Legal Description
ALTOS DEL MAR NO 3 PB 8-41 LOT 6 LESS W2.5FT BLK 26 LOT SIZE 50.000 X 110 OR 19857-3725 06 2001 1

Status Change Information

Major Change Timestamp
2026-06-03T13:06:05Z
Major Change Type
Status Change
Status Change Date
2026-06-03
Under Contract Date
2026-06-03

More Information

Meter Information

Separate Electric Meters YN
Yes

Income and Expenses

Gross Income
9400

Storm Protection

Impact Glass
Partial

Unit 1 Details

Actual Rent
2450
Baths Full
2
Efficiency YN
No

Unit 1 Lease Description

Currently Leased YN
Yes

Unit 2 Details

Actual Rent
2450
Baths Full
2
Efficiency YN
No

Unit 2 Lease Description

Currently Leased YN
Yes

Unit 3 Details

Actual Rent
2400
Baths Full
2
Efficiency YN
No

Unit 3 Lease Description

Currently Leased YN
Yes

Unit 4 Details

Actual Rent
2100
Baths Full
2
Efficiency YN
No

Unit 4 Lease Description

Currently Leased YN
Yes

Price Calculations

Current Price To SqFt
372.41

Section Details

Parcel Number MLX
2150

Originating Details

Originating System Key
425698357
Originating System ID
M00000151
IDX
Listing Office: London Foster Realty
Source MLS Verified
Last Updated: October - 31 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.