About 2945 Coconut Avenue
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 of 2945 Coconut Avenue
| MLS® # | A11977562 |
|---|---|
| Price | $2,800,000 |
| Square Footage | 3,500 |
| Year Built | 2008 |
| Type | Multi-Family |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 2945 Coconut Avenue |
|---|---|
| Area | 2410 |
| Subdivision | PALM TERRACE |
| City | Miami |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33133 |
| HOPA | No Hopa |
Amenities
| Utilities | Cable Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central, Separate Meters |
|---|---|
| Cooling | Central Air |
| # of Stories | 3 |
Exterior
| Roof | Flat, Tile |
|---|---|
| Construction | CBS |
School Information
| Elementary | Coconut Grove |
|---|---|
| Middle | Ponce De Leon |
| High | Coral Gables |
Additional Information
| Zoning | 3900 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Grove Town Properties, Inc. |
|---|