625 77th St, Miami Beach, FL 33141

Local realty services provided by:Better Homes and Gardens Real Estate Destinations
625 77th St,Miami Beach, FL 33141
$1,550,000
Virtual Tour
  • - Beds
  • - Baths
  • 4,162 sq. ft.
  • Multi-family
  • Active
Listed by: sergio evora
Office: london foster realty
MLS#:A11950199
Source:SEFMLS

Price summary

  • Price:$1,550,000
  • Price per sq. ft.:$372.42

About this home

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.

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Home facts

  • Year built:1950
  • Listing ID #:A11950199
  • Updated:January 23, 2026 at 11:03 AM

Rooms and interior

  • Living area:4,162 sq. ft.

Heating and cooling

  • Cooling:Electric
  • Heating:Heat Strip

Structure and exterior

  • Roof:Concrete
  • Year built:1950
  • Building area:4,162 sq. ft.

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,550,000
  • Price per sq. ft.:$372.42
  • Tax amount:$18,872 (2025)
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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