The Pines

Highlights:

• Lot Features: Less Than 1/4 Acre Lot
• Documents Available: Appraisal, Deposit Held, Deposit - Last Months Rent, Deposit - Security
• Architectural Style: Attached
• Cooling: Central Air
• Heating: Central, Electric
• Flooring: Tile
• Construction Materials: CBS Construction

Description:

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

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Listing ID: A11966161