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Listed price in listed location currency (USD).
$1,390,000

0012

MLS® A11966161

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 2944 sqft
Garage No
Taxes $16,465
Days Active 0
Lot Size 
Approx. Age 1981
Avg. Price Per Sqft $472
MLS® Number A11966161

Property Address: 2841 Sw 24th Ter, Miami, FL, 33145-3333

Average square foot calculated using Size range provided by listing agent.

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 month-to-month with the option to renew annual leases at higher market rents. Property has TWO legal addresses under the same 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% with market renewals 100% renovated in 2024 – true turn-key asset. New roof (2024), interiors fully updated, modern finishes throughout. Both 2BR units feature in-unit laundry, and each has two parking spaces. The 1BR units offer convenient entry with ample on-street and visitor parking available. Tenants in place month-to-month, offering immediate flexibility for rent optimization. Ideal buy-and-hold investment with stable cash flow and upside from lease renewals. Appraisal completed at $1, 390, 000. Financing: Cash or Conventional Showings: Appointments only. Do not disturb tenants. Turn-key fourplexes in this condition and location rarely hit the market — this one will not last. See HD video: https://youtu.Be/8-z_o7_48ow
MLS® NumberA11966161
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1981
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 20, 2026List Date
$1,390,000List Price
  • Commute

Commute

Starting Address
Destination Address
2841 Sw 24 Th Ter, Miami, FL

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