Under contract

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.

Listed byHand Keys Realty
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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

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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:

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. 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.