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… Read More 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. Read Less
Courtesy of Hand Keys Realty 305-519-2150
Listing Snapshot
Days Online
147
Last Updated
Property Type
Quadruplex
Square Ft.
2,944
Year Built
1981
MLS Number
A11966161
30 Days Snapshot Of 33145
$401k
-38%
(avg) sold price
6
-57%
homes sold
82
-55%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1981, Living area: 2944, Construction materials: CBS, Toal building area: 3184, 4 total units
Cooling
Central Air
Floors
Tile
Heating
Central, Electric
Property
Zoning: 5700
Roof
Flat, Tile
Sewer
Public Sewer
Taxes
Annual amount: $16,465
Utilities
Cable Available
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