FOR SALE

625 77th St

Miami-dade, Altos Del Mar No 3, Miami Beach, FL

Asking

$1,550,000

BTC

19.732

ETH

658.26

Home Size
4,162 sq. ft.
Year Built
1950
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

LOADING

Location

Market Area
Miami-Dade
Neighborhood
ALTOS DEL MAR NO 3

Agent

Sergio Evora

+1 310 910 1722

Contact Email

[email protected]