625 77th Street, Miami Beach, FL 33141

$1,550,000 — Pending

Property Features

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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

  • Listing ID: A11950199
  • Status: Pending
  • Listing Date: 2026-01-21
  • Property Type: Quadruplex
  • Subdivision: ALTOS DEL MAR NO 3
  • County: Miami-Dade
  • MLS Area: 2320
  • Bedrooms: 0
  • Full Bathrooms: 0
  • Living Area Sq Ft: 4,162
  • Year Built: 1950

Financial

  • List Price: $1,550,000
  • HOA Fee: None
  • Taxes: $18,872/yr

Features & Amenities

  • Cooling: Electric
  • Heating: Heat Strip, Separate Meters
  • Flooring: Ceramic Tile
  • Construction: Block, CBS
  • Roof: Concrete
  • Exterior Features: Lighting, Balcony

Courtesy of London Foster Realty
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© 2026 Starfish Real Estate. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.