2841 SW 24th Ter, Miami, FL 33145
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2841 SW 24th Ter, Miami, FL 33145,Video Tour
2841 SW 24th Ter, Miami, FL 33145
2841 SW 24th Ter, Miami, FL 33145
2841 SW 24th Ter, Miami, FL 33145
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 1,390,000
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Active Under Contract

2841 SW 24th Ter Miami, FL 33145

2,944 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,944 sqft

Price per Sqft $472

Subdivision The Pines

MLS Listing ID A11966161

Style Fourplex

HOA Y/N No

Year Built 1981

Annual Tax Amount $16,465

Tax Year 2025

Contingent Backup Contract/Call LA

Property Sub-Type Quadruplex

Property Description

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

State FL

County Miami-dade

Community The Pines

Area 41

Interior

Heating Central, Electric

Cooling Central Air

Flooring Tile

Window Features Impact Glass

Exterior

Pool None

Utilities Available Cable Available

Roof Type Flat,Tile

Total Parking Spaces 12

Private Pool No

Building

Lot Description < 1/4 Acre

Story 1

Sewer Public Sewer

Architectural Style Fourplex

Level or Stories One

Structure Type Block

Others

Tax ID 01-41-16-011-0130

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.zillow.com/view-imx/985958a3-b0b0-4ea1-a9b7-3b275e791890?setAttribution=mls&wl=true&initialViewType=pano

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Hand Keys Realty

NEARBY SCHOOLS & PROPERTIES

Alex Mendel

Alex Mendel

Agent

+1(561) 827-8449

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2841 SW 24th Ter

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