Recently Listed Open House 2/22 11am - 1pm
2841 SW 24th Ter
Miami, FL, 33145 $ 1,390,000
Bedrooms2 Baths1.0 Sq 2,944 Monthly Estimate*
$ 8,558
for $1,390,000 with 2 bedrooms and 1 full bath. This 2,944 square foot home was built in 1981.
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
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Open House
2/22/2026 11:00 AM - 1:00 PM
2841 SW 24th Ter Miami, FL
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralSewer Public Sewer
Heating Central Electric
Cooling Central Air
Utilities Cable Available
Possession Close Of Escrow
Roof Flat Tile
Architectural Style Fourplex
Pool Features None
Construction Materials Block
Year Built 1981
Stories Count 1
Levels One
Property Subtype Quadruplex
Tax Year 2025
County Miami-Dade
Property Type Residential Income
Subdivision Name THE PINES
Rent Includes Gardener Trash Collection
Full Baths 1
Status Active
City Miami
Disclosures Owner Is Listing Agent
Zoning Description 5700
Number Of Units Total 1
MLS Area 41
Lot Size Units Square Feet
Listing Terms Cash Conventional
Year Built Details Effective Year Built
Tax Annual Amount 16465
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Quadruplex
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
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InteriorFlooring Tile
Air Conditioning Y/N true
Heating Y/N true
Window Features Impact Glass
Half Baths 0
Total Bedrooms 2
Total Baths 0
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ExteriorLot Features Item14Acre
Total Parking 12
Building Area Total 3184
Waterfront Y/N false
Covered Spaces 0
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* Excluded FeaturesList Byhomenowforsale@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $8,558
- Monthly Property Taxes
- $1,372
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Miami, FL
Average List Price $1,142,734
Percent of Sale Price 18%
About Miami, FL 450,829 Population
25% Since 2002
$ 39,267 Median Income
40.58 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/20/2026 | $1,390,000 | | Listed Price |