Size: 2,944 SqFt (274 m2)
Price: $472/SqFt ($5,082/m2)
Type: Multi Family
Built: 1981
MLS Number: A11966161
On Site: 4 Days
Updated: 2 Days ago
Page Views: 0
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