2945 Coconut Ave, Miami, FL 33133
Local realty services provided by:Better Homes and Gardens Real Estate Destinations
Listed by: adam kutner
Office: grove town properties, inc.786-554-8947
MLS#:A11977562
Source:SEFMLS
Price summary
- Price:$2,595,000
- Price per sq. ft.:$741.43
About this home
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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Home facts
- Year built:2008
- Subdivision & Development:PALM TERRACE
- Listing ID #:A11977562
- Updated:October 09, 2026 at 10:04 AM
Rooms and interior
- Flooring:Tile
- Living area:3,500 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Flat, Tile
- Year built:2008
- Building area:3,500 sq. ft.
- Architectural Style:Fourplex
- Construction Materials:Block
- Levels:3 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,595,000
- Price per sq. ft.:$741.43
- Tax amount:$35,354 (2025)
Parking
- Total parking spaces:8
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