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
...
(Read more)
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
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
Listing Office:
London Foster Realty

Last Updated: October - 31 - 2026
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