ALTOS DEL MAR NO 3 MIAMI BEACH A11950199

625 77TH ST, Miami Beach, FL 33141

ALTOS DEL MAR NO 3 625 77TH ST MIAMI BEACH

REMARKS:

ALTOS DEL MAR NO 3 625 77TH ST MIAMI BEACH. 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-risesa strong catalyst for future appreciation and tenant demand.Walk to the beach, restaurants, public transit, schools. and close to the Normandy Shores Golf Course

If you are interested in buying property located at 625 77TH ST, Miami Beach, FL 33141, call us today!

FEATURES:

- Balcony
- Ocean access

625 77TH ST, MIAMI BEACH, FL 33141 - LOCATION