2841 SW 24th Ter, Miami, FL 33145
- Sqft
- 2,944
View property features, location on map, relevant school information and overview from seller's agent.
- 0
- 0
Overview
RARE TURN-KEY FOURPLEX IN PRIME CORAL WAY LOCATION | STRONG CASH FLOW & UPSIDE
Fully renovated 2024 fourplex featuring two (2) 2BR/1BA units and two (2) 1BR/1BA units, all 100% renovated and truly turn-key. Tenants are month-to-month, providing immediate flexibility to renew at higher market rents. Can be rented as two 3/2 as well with their own meters.
2024 FULL RENOVATION INCLUDES:
New roof, electrical, plumbing, impact windows & doors, tile flooring, window treatments, and all-new kitchens and baths — 4 full bathrooms, 2 full-size kitchens, 2 medium kitchens, and high-end appliances throughout.
UNIQUE ADVANTAGE:
Property features two legal addresses under one new 2024 roof:
2841 SW 24th Terrace & 2850 SW 24th Street, Miami, FL 33145
CURRENT RENTS month to month (wants to renewal annual):
• 2BR/1BA – $2,800
• 2BR/1BA – $2,350
• 1BR/1BA – $1,650 (won't renewal) can get tenant $1,800
• 1BR/1BA – $1,650
Gross Annual Income: $101,400
Market Rent Potential: $110,400+
Both 2BR units include in-unit laundry and two parking spaces each.
1BR units offer easy access with ample on-street and visitor parking.
Ideal buy-and-hold investment with stable cash flow, upside through lease renewals, and minimal near-term capital expenditures.
Financing: Cash or Conventional
Showings: Appointment only — Do not disturb tenants.
Turn-key fourplexes of this caliber in this location rarely come to market.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of stories
- 1
- Square feet
- 2,944
- Year built
- 1981
Interior features
- Laundry
- In Unit
Exterior features
- Horse amenities
- Stable
Utilities
- Heating
- Electric, Central
- Cooling
- Central Air
- Sewer
- Public Sewer
Taxes
- Tax Annual Amount (2025)
- $16,465
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: MIAMI REALTORS MLS MLS®#: A11966161 Last checked: …
