625 77th St, Miami Beach FL 33141

For sale Days on market 133

ALTOS DEL MAR NO 3 [ Quadruplex ]

$1,550,000

$372/sq ft

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Overview

Year Built

1950

Sqft

4162

Property Type

Quadruplex

Property 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

Property Details

MLS#

A11950199

Total Floor in Bldg

Building

ALTOS DEL MAR NO 3

Address

625 77th St

City

Miami Beach

State/county

Zip/Postal Code

33141

Area

Altos Del Mar No 3,alexis

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$18,872

Maint Fee

$--

Tax Year

2025

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