2945 Coconut Ave

Miami, FL 33133

About this property

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.

About this property

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.

Features and Additional Information

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$2,595,000 Active
3,500 sqft

Presented By PREMIER PARTNERS

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Brokerage
Grove Town Properties, Inc.
1-786-554-8947
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Area Information

41 | Miami Dade County | PALM TERRACE

$ 2,595,000
This listing is play_arrow 0.1% lower than the average in the area
$ 2,597,500 in the area
3,500 SqFt
This listing is play_arrow 6.8% larger than the average in the area
3,278 SqFt in the area
$ 741 $/SqFt
This listing is play_arrow 6.9% less than the average in the area
$ 796 $/SqFt in the area
227 days on site
This listing is play_arrow 68.1% above the average in the area
135 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School
Listed By Adam Kutner
Brokerage: Grove Town Properties, Inc.

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