$1,390,000
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.
Hd video tour: https://youtu.Be/8-z_o7_48ow