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2841 24th Ter, Miami, FL
Offering:
For Sale
Location:
Miami, FL 33145
Subdivision:
THE PINES
Status:
Active Under Contract
$1,390,000
Deemed reliable but not guaranteed.
Details
Year built:
1981
Levels:
One
Stories:
1
Parking:
12 spaces
Style:
Fourplex
Days on market:
187
Annual tax (2025):
$16,465
Type:
Quadruplex
MLS ID
A11966161
Virtual tour:
Listed by:
Hand Keys Realty (HDKY01)
Listing office phone:
305-519-2150
Listing office email:
Listing agent:
Victor Barroso Jr (3382780)
Features
Utilities
Available:
Cable Available
Sewer:
Public Sewer
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.
Price history
$1,390,000 → $1,390,000
· 1 price changes
Location
2841 SW 24th TerMiami, FL 33145
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MLS information
Last updated Aug 26, 2026
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
