Basic Information

  • MLS # A11977562
  • Type Duplex / Quad Plex / Triplex
  • Subdivision/Complex Palm Terrace
  • Year Built 2008
  • Total Sqft 875
  • Date Listed 03/09/2026
Description

Exceptional investment opportunity in highly desirable Coconut Grove! This well-maintained fourplex features four spacious 2-bedroom, 1.5-bathroom units, each offering a private patio and exclusive rooftop terrace—an uncommon and highly desirable feature for tenants. 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.

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description

Interior Features

  • Adjusted Sqft 875Sq.Ft
  • Sqft 875 Sq.Ft

Property Features

  • Aprox. Lot Size 3,500
  • Furnished Info No
  • Lot Description Less Than Quarter Acre
  • Short Sale Regular Sale
  • HOA Fees N/A
  • Subdivision Complex
  • Subdivision Info Palm Terrace
  • Tax Amount $35,354
  • Tax Year 2025

2945 Coconut Ave

Miami, FL 33133

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