2945 Coconut Ave, Miami, FL 33133
- $2,800,000
- 3,500
- SqFt
- List Price
- $2,800,000
- Price Change
- ▼ $200,000 1785259825
- MLS
- A11977562
- Complex Name
- Palm Terrace
- Status
- ACTIVE
- Type
- Multifamily
- Living Area
- 3,500
Property Description
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.
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Additional Information
- Days on Market
- 186
- Style
- Quadruplex, Fourplex
- #Parking Spaces
- 8
- Year Built
- 2008
- Development Name
- Palm Terrace
- #Stories
- 3
- Construction Type
- CBS Construction
- Section
- 16
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Listing Courtesy of Grove Town Properties, Inc., Contact: