2841 SW 24th Ter Miami, FL 33145
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
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
Zoning 5700
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
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