South Florida Real Estate

Fourplex

2841 SW 24th Ter

Miami , FL 33145

MLS#: A11966161

$1,390,000

Status: Active
Listing number: A11966161
Listing provided by: Hand Keys Realty
Listing agent phone: None
Last update: a day ago
New on site 2 days ago
Browse Properties
THE PINES - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1981

Sq.Footage

2,944

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: • 2BR/1BA – $2,800 • 2BR/1BA – $2,350 • 1BR/1BA – $1,650 • 1BR/1BA – $1,650 Gross Annual Income: $101,400 Market Rent Potential: $110,400+ Cap Rate: 7.29% current | Up to 7.94% at market 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. Appraisal completed at $1,390,000. Financing: Cash or Conventional Showings: Appointment only — Do not disturb tenants. Turn-key fourplexes of this caliber in this location rarely come to market. HD Video Tour: https://youtu.be/8-z_o7_48ow

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Central, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

  • Architectural Style

    Fourplex

Price

  • Sales Price

    $1,390,000

  • Tax Amount

    $16,465

  • Zoning

    5700

  • Sq. Footage

    2, 944

  • Price/SqFt

    $472

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • Sewer

    Public Sewer

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Location

County

Miami-Dade

Elementary School

Middle School

High School

Listing Courtesy of Victor Barroso Jr , Hand Keys Realty

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Agent Jarrod Gaylis

Realtor

Jarrod Gaylis

Call Jarrod today to schedule a private showing.

(817) 682-7464

jgaylis@perfectpropertiesfl.com


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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: • 2BR/1BA – $2,800 • 2BR/1BA – $2,350 • 1BR/1BA – $1,650 • 1BR/1BA – $1,650 Gross Annual Income: $101,400 Market Rent Potential: $110,400+ Cap Rate: 7.29% current | Up to 7.94% at market 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. Appraisal completed at $1,390,000. Financing: Cash or Conventional Showings: Appointment only — Do not disturb tenants. Turn-key fourplexes of this caliber in this location rarely come to market. HD Video Tour: https://youtu.be/8-z_o7_48ow

2841 SW 24th Ter

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