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Alex Mendel

alex@mendelgroupfl.com +1(561) 827-8449

$ 3,000,000

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Active

2945 Coconut Ave Miami, FL 33133

3,500 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,500 sqft

Price per Sqft $857

Subdivision Palm Terrace

MLS Listing ID A11977562

Style Fourplex

HOA Y/N Yes

Year Built 2008

Annual Tax Amount $35,354

Tax Year 2025

Property Sub-Type Quadruplex

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.

Location

State FL

County Miami-dade

Community Palm Terrace

Area 41

Direction Please use GPS. In Coconut Grove on Coconut Ave.

Interior

Heating Central

Cooling Central Air

Flooring Laminate, Tile

Exterior

Pool None

Utilities Available Cable Available

Roof Type Flat,Tile

Total Parking Spaces 8

Private Pool No

Building

Lot Description < 1/4 Acre

Story 3

Sewer Public Sewer

Water Public

Architectural Style Fourplex

Structure Type Block

Others

Tax ID 01-41-16-166-0001

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listed As-Is

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11977562

Miami Association of Realtors (SEFMIAMI MLS)

Listed by Grove Town Properties, Inc.

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Alex Mendel

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+1(561) 827-8449

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Alex Mendel

2945 Coconut Ave Miami, FL 33133

Key Details

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2945 Coconut Ave