
$1,390,000
2841 SW 24th Ter
Property Highlights
0 / 0
Beds / Baths
2,944
Square Feet
1981
Year Built
About This Property
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 ā 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 ā $2,800 ⢠2BR/1BA ā $2,350 ⢠1BR/1BA ā $1,650 (won't renewal) can get tenant $1,800 ⢠1BR/1BA ā $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 ā Do not disturb tenants. Turn-key fourplexes of this caliber in this location rarely come to market.
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