Basic Information

  • MLS # A11977562
  • Type Quadruplex
  • Status Active
  • Subdivision/Complex Palm Terrace
  • Year Built 2008
  • Total Sqft 3,500
  • Date Listed 03/09/2026
  • Days on Market 238
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.

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type C B S Concrete Block Structure, Block
  • Parking Description
  • Roof Description Flat, Tile
  • Style Quadruplex

Interior Features

  • Adjusted Sqft 3,500Sq.Ft
  • Cooling Description Central Air
  • Floor Description Laminate, Tile
  • Heating Description Central
  • Sqft 3,500Sq.Ft

Property Features

  • Address 2945 Coconut Ave
  • Aprox. Lot Size 3,500
  • Architectural Style Fourplex
  • Association Fee Frequency Monthly
  • City Miami
  • Construction Materials C B S Concrete Block Structure, Block
  • County Miami- Dade
  • Furnished Info no
  • Listing Terms Cash, Conventional
  • Lot Features Less Than Quarter Acre
  • Occupant Type Tenant
  • Pool Features None
  • Possession Close Of Escrow
  • Postal City Miami
  • Public Survey Township 1
  • Roof Flat, Tile
  • Sewer Description Public Sewer
  • Stories 3
  • Subdivision Complex
  • Subdivision Info Palm Terrace
  • Tax Amount $35,354
  • Tax Legal desc COCONUT DEVELOPERS CONDO PALM TERR PB 3-47 LOT 18 BLK 1 AS DESC IN DECL OR 26747-2881 LOT SIZE 7500 SQFT FAU 01-4116-029-0160
  • Tax Year 2025
  • Terms Considered Cash, Conventional
  • Type of Property Quadruplex
  • Water Source Public
  • Year Built Details Resale

2945 Coconut Ave

Miami, FL 33133

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    The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Grove Town Properties, Inc.. tel: 786-554-8947

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