2945 Coconut Avenue, Miami, FL 33133
- $2,800,000
- 3,500
- SqFt
- List Price
- $2,800,000
- Status
- ACTIVE
- Days on Market
- 189
- Price Change
- ▼ $200,000 1785260536
- MLS#
- A11977562
- Subtype
- Residential Income
- Year Built
- 2008
- Living Area
- 3,500
- Subdivision
- Palm Terrace
- MLS Area Major
- 2410
Property 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.
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Additional Information
- Taxes
- $35,354
- HOA Freqency
- Monthly
- Flooring
- Laminate, Tile
- Heating
- Central, Separate Meters
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Stories
- 3
- Roof
- Flat, Tile
- Elementary School
- Coconut Grove
- Middle School
- Ponce De Leon
- High School
- Coral Gables
Listing courtesy of Grove Town Properties, Inc.. Contact:
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All listings featuring the RAPB + GFLR logo are provided by the Realtors® of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2019 Realtors® of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.
Agent: Adam G Kutner | Email: adamkutner@yahoo.com