Basic Information

  • MLS # A11950199
  • Type Duplex / Quad Plex / Triplex
  • Status
  • Subdivision/Complex Altos Del Mar No 3
  • Year Built 1950
  • Total Sqft 4,162
  • Date Listed 01/21/2026
  • Days on Market 73
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. and close to the Normandy Shores Golf Course. PLEASE DO NOT BOTHER THE TENANTS

Exterior Features

  • Waterfront No
  • WF Description Ocean Access
  • Pool No
  • Exterior Features Balcony, Fence, Security High Impact Doors, Lighting, Porch
  • Parking Spaces 0
  • Parking Description

Interior Features

  • Adjusted Sqft 4,162
  • Sqft 4,162

Property Features

  • Aprox. Lot Size 4,162
  • Furnished Info No
  • Lot Description Sprinkler System, Less Than Quarter Acre
  • Short Sale Regular Sale
  • HOA Fees N/A
  • Subdivision Complex
  • Subdivision Info Altos Del Mar No 3
  • Tax Amount $18,872
  • Tax Year 2025

625 77th St

Miami Beach, FL 33141

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: London Foster Realty. tel: 305-514-0100

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