Property Details
| Asking Price | $1,550,000 |
|---|---|
| Price per SqFt | $372 |
| Maintenance fee | Inquire |
| Property Taxes | $18,872 2025 |
| Interior Space | 4,162 SqFt |
| Beds/Baths | —/— |
| Year Built | 1950 |
| Pool | No |
| MLS # | A11950199 |
Estimated Costs
An estimate of condo or HOA fees and property taxes
Monthly carry is not computed when the association fee or the taxes are not provided.
From the listing
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
Listed by London Foster Realty
Sales History for This Home · 625 77th Street, Miami Beach, FL 33141
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| A10798843 | $1,010,000 | 10/29/20 |
| A1877820 | $575,000 | 5/6/14 |
Listed by London Foster Realty. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami Beach and throughout South Florida.
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Location
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