Exceptional investment opportunity in highly desirable Coconut Grove! This well-maintained fourplex features four spacious 2-bedroom, 1.5-bathroom units (875 Square Feet per unit), each offering a private patio as well as an exclusive rooftop terrace—an uncommon and highly desirable feature for star gazers. The gated property provides secure access and includes parking for two vehicles per unit.
Each unit has its own separate folio number, creating a rare opportunity for a potential condo conversion or flexible ownership structure. All units are currently occupied by long-term tenants, providing immediate income, with rents currently below market rates and strong upside potential for increased revenue.
Ideally located near the parks, marinas, dining, shopping, and waterfront lifestyle that make Coconut Grove one of Miami’s most sought-after neighborhoods, this property offers both stable cash flow and long-term appreciation potential.
DO NOT DISTURB TENANTS. Showings by appointment only after executed contract.
- Swimming Pool
- Heating System
- Cooling System
- Parking
- Architectural Style
- Roof:
- Tile, Flat
- Sewer
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami
- Zipcode:
- 33133
- Street:
- 2945 Coconut Ave, Miami, Florida 33133
- Longitude:
- W81° 45' 34.2''
- Latitude:
- N25° 44' 17.2''
- Association Fee Frequency:
- Monthly
- Building Area:
- 3,500 Sqft
- Construction Materials:
- Block
- Cumulative DOM:
- 7
- DOM:
- 7
- Directions:
- Please use GPS. In Coconut Grove on Coconut Ave.
- Flooring:
- Tile, Laminate
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Listing Terms:
- Cash, Conventional
- Lot Features
- Parcel Number:
- 01-41-16-166-0001
- Subdivision Name:
- PALM TERRACE
- Tax Annual Amount:
- $35,354
- Tax Year:
- 2025
- Utilities
- Virtual Tour:
- Click Here
Residential Income For Sale
2945 Coconut Ave, Miami, Florida 33133, Miami, Florida 33133
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $3,000,000
- Square Footage :
- 3,500 Sqft
- Year Built :
- 2008
- MLS # :
- A11977562
- Property Sub Type :
- Quadruplex
