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Rachel Small

rachelsellsluxury@gmail.com +1(305) 570-1167

$ 3,500,000

Est. payment | -/mo

2,320 SqFt

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$ 3,500,000

Est. payment | -/mo

Save Virtual Tour

2,320 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,320 sqft

Price per Sqft $1,508

Subdivision Cleveland Terrace

MLS Listing ID A12033783

Construction Status Resale

HOA Y/N No

Total Fin. Sqft 2320

Year Built 1924

Annual Tax Amount $11,617

Tax Year 2023

Property Sub-Type Quadruplex

Property Description

Fully renovated fourplex located at 2369 SW 17th Terrace, Miami, FL 33145, offering an exceptional investment opportunity in one of Miami's most desirable rental markets. The property is currently producing approximately $10,000 per month in gross rental income, with additional revenue generated through an on-site laundry facility, creating strong and diversified cash flow. The building has undergone extensive renovations, providing a turnkey asset with minimal deferred maintenance and strong tenant appeal. Its central location offers convenient access to Coral Gables, Brickell, Downtown Miami, major highways, shopping, dining, and employment centers, supporting consistent rental demand and long-term value appreciation. A major advantage of this property is the future development potential. Ownership is currently in the permitting process for the construction of an additional fourplex on the site. Permits are progressing through final review, and construction is expected to begin upon approval. Once completed, the new fourplex is projected to generate an additional $10,000 per month in rental income, potentially increasing total gross income to approximately $20,000 per month. This is a unique opportunity for investors seeking immediate cash flow, future income growth, and long-term appreciation through an active expansion project already in progress. Ideal for portfolio investors, 1031 exchange buyers, or those looking to capitalize on Miami's strong multifamily market.

Location

State FL

County Miami-dade

Area 2410

Zoning 0100

Interior

Interior Features InteriorFeatures

Heating Central, Electric

Cooling Central Air

Flooring Ceramic Tile

Fireplace No

Exterior

Utilities Available Cable Available

Roof Type Concrete

Total Parking Spaces 8

Private Pool No

Building

Dwelling Type Multi Family

Story 2

Sewer Public Sewer

Structure Type Block

New Construction No

Construction Status Resale

Schools

Elementary Schools Shenandoah

Middle Schools Shenandoah

High Schools Miami

Others

Tax ID 0141100240080

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12033783

Listed by Fernando Villagran Partnership Realty Inc.

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(305) 570-1167

rachelsellsluxury@gmail.com

323 Sunny Isles Blvd, Sunny Isles Beach, FL, 33160, USA

2369 SW 17th TER Miami, FL 33145

Rachel Small

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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2369 SW 17th TER