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.
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
Price:
$2,800,000
MLS #:
A11977562
Status:
Active
Beds:
0
Baths:
0
Address:
2945 Coconut Ave
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
PALM TERRACE
Neighborhood:
palmterrace
City:
Miami
Listed Date:
Mar 9, 2026
State:
FL
Finished Sq Ft:
3,500
Total Sq Ft:
3,500
ZIP:
33133
Year Built:
2008
Units:
4
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Schools
Interior
Cooling
Central Air
Flooring
Tile
Heating
Central
Exterior
Architectural Style
Attached
Construction Materials
C B S Construction
Parking Spots
8
Roof
Flat Tile
Financial
HOA Frequency
Monthly
Tax Year
2025
Taxes
$35,354
Map
Community
- Address2945 Coconut Ave Miami FL
- SubdivisionPALM TERRACE
- CityMiami
- CountyMiami-Dade County
- Zip Code33133
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