Description
RARE TURN-KEY FOURPLEX IN PRIME CORAL WAY LOCATION | STRONG CASH FLOW & UPSIDEFully 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 33145CURRENT 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 - $1,650Gross Annual Income: $101,400Market 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 ConventionalShowings: Appointment only - Do not disturb tenants.Turn-key fourplexes of this caliber in this location rarely come to market.
Details
| MLS # | A11966161 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1981 |
| Days On Site | 234 |
| Listing Provided By | Hand Keys Realty | Victor Barroso Jr |
Features
| SQ Feet | 2,944 |
|---|---|
| Story(s) | 1 |
| Units | 4 |
| Zoning | 5700 |
| Acreage | 6550.00 |
Taxes
| Tax Annual Amount | 16465 |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33145 |
| Area | 2410 |
| Community Name | THE PINES |
| Listing VS Median (in THE PINES) | |
Price: $1,390,000 low | high Med: $269,398 sqft: 2,944 low | high Med: 2,091 $ / sqft: $472 low | high Med: $119 On site: 234 low | high Med: 9 | |
Market Activity 33145
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33145 |
| Area | 2410 |
| Community Name | THE PINES |
| Listing VS Median (in THE PINES) | |
Price: $1,390,000 low | high Med: $269,398 sqft: 2,944 low | high Med: 2,091 $ / sqft: $472 low | high Med: $119 On site: 234 low | high Med: 9 | |