$1,390,000
Miami, FL 33145
MLS# A11966161
Status: Active Under Contract
3184 sqft
1 / 65
Property 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
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2026-02-20
Status: Active Under Contract
Original List Price: 1390000
List Price: $1,390,000
Current Price: $1,390,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami
Municipal Code: 21
Postal Zip: 33145
Subdivision Number: 11
Flood Zone: X
Country: United States
Street Number: 2841
Street Direction Prefix: SW
Street Name: 24th
Street Suffix: Terrace
State Or Province: FL
Postal Code: 33145
Postal Code +4: 3333
Subdivision Name: THE PINES
Area: 2410
Elementary School: Silver Bluff
Middle Or Junior School: Ponce De Leon
High School: Coral Gables
Parcel Number: 0141160110130
Zoning: 5700
General Property Information
Number Of Units Total: 4
Adjusted Area Main: 3016
Living Area Main: 2944
Lot Size Dimensions: 6550
Parking Total: 12
Stories Total: 1
Pool Private YN: No
Property Sub Type: Quadruplex
Building Area Main: 3184
Year Built: 1981
Financial Information
Estimated Monthly Assoc Recurring Fee: 0
Tax Annual Amount: 16465
Tax Year: 2025
Tax Legal Description: THE PINES PB 5-76 LOT 16 LESS N10FT FOR R/W BLK 1 LOT SIZE 50.000 X 131 OR 20703-0592 08 2002 1
Office/Member Information
DXORIGMLSID: SEF
Flooring
Tile: 1
Documents Available
Appraisal: 1
Deposit - Last Months Rent: 1
Deposit - Security: 1
Deposit Held: 1
Structure Type
Multi Family: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Heating
Central: 1
Electric: 1
Construction Materials
CBS: 1
Listing Terms
Cash: 1
Conventional: 1
Roof
Flat: 1
Tile: 1
Income and Expenses
Gross Income: 8450
Cooling
Central Air: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Tax Information
City/County: 1
Contingencies
Backup Contract/Call LA: 1
Unit 1 Details
Actual Rent: 2800
Baths Full: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Unit 1 Lease Description
Lease Term: Month To Month
Unit 1 Other Equipment
Air Conditioning Unit: 1
Unit 1 Parking Details
Garage YN: Yes
Unit 1 Rooms
Family Room: 1
Unit 2 Details
Actual Rent: 1650
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Furnished: Unfurnished
Unit 2 Lease Description
Lease Term: Month To Month
Unit 2 Other Equipment
Air Conditioning Unit: 1
Unit 2 Parking Features
Other: 1
Unit 3 Details
Actual Rent: 1650
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Furnished: Unfurnished
Unit 3 Lease Description
Lease Term: Month To Month
Unit 3 Other Equipment
Air Conditioning Unit: 1
Unit 3 Parking Features
Open Parking: 1
Unit 4 Details
Actual Rent: 2350
Baths Full: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Unit 4 Lease Description
Lease Term: Month To Month
Unit 4 Other Equipment
Air Conditioning Unit: 1
Unit 4 Parking Details
Garage YN: Yes
Price Calculations
Current Price To SqFt: 472.14
Section Details
Parcel Number MLX: 0130
Status Change Information
Major Change Timestamp: 2026-04-14T00:11:02Z
Major Change Type: Status Change
Status Change Date: 2026-04-13
Under Contract Type: Active Under Contract
Under Contract Date: 2026-04-25
Originating Details
Originating System Key: 426868371
Originating System ID: M00000151
Property Features
Documents Available: Appraisal; Deposit - Last Months Rent; Deposit - Security; Deposit Held
Flooring: Tile
Structure Type: Multi Family
Construction Materials: CBS
Cooling: Central Air
Heating: Central; Electric
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Roof: Flat; Tile
Sewer: Public Sewer
Tax Information: City/County
Utilities: Cable Available
Showing Requirements: Appointment Only; Call Listing Agent
Unit 1 Other Equipment: Air Conditioning Unit
Unit 1 Rooms: Family Room
Unit 2 Other Equipment: Air Conditioning Unit
Unit 2 Parking Features: Other
Unit 3 Other Equipment: Air Conditioning Unit
Unit 3 Parking Features: Open Parking
Unit 4 Other Equipment: Air Conditioning Unit
Contingencies: Backup Contract/Call LA
Listing Office: Hand Keys Realty
Last Updated: October - 31 - 2026
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