2945 Coconut Avenue, Miami, FL 33133
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Active

$2,800,000

2945 Coconut Avenue, Miami, FL 33133

Beds
0 Baths
3,500 Sq Ft
2008 Year Built

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.

Property Details

MLS Number
A11977562
Property Type
Quadruplex
City
Miami
County
Miami-Dade
Subdivision
PALM TERRACE
Garage
spaces