2841 SW 24th Ter, Miami, FL 33145
Local realty services provided by:CENTURY 21 Hansen Realty
2841 SW 24th Ter,Miami, FL 33145
$1,390,000
- - Beds
- - Baths
- 2,944 sq. ft.
- Multi-family
- Active
Upcoming open houses
- Sun, Feb 2211:00 am - 01:00 pm
Listed by: victor barroso jr
Office: hand keys realty
MLS#:A11966161
Source:SEFMLS
Price summary
- Price:$1,390,000
- Price per sq. ft.:$436.56
About this home
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:
• 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% at market
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.
Appraisal completed at $1,390,000.
Financing: Cash or Conventional
Showings: Appointment only — Do not disturb tenants.
Turn-key fourplexes of this caliber in this location rarely come to market.
HD Video Tour: https://youtu.be/8-z_o7_48ow
Contact an agent
Home facts
- Year built:1981
- Listing ID #:A11966161
- Updated:February 20, 2026 at 10:59 PM
Rooms and interior
- Living area:2,944 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Electric
Structure and exterior
- Roof:Flat, Tile
- Year built:1981
- Building area:2,944 sq. ft.
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,390,000
- Price per sq. ft.:$436.56
- Tax amount:$16,465 (2025)
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