2945 Coconut Ave ,Attached, Quadruplex, Palm Terrace for Sale

2945 Coconut Ave for Sale

Price $3,000,000.00

• Lot size 3500
• Year Build 2008
• Waterfront
• Zip 33133
• Style Attached
• Parking Description
• Pool Yes
• Status Active

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.

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

Less Than 1/4 Acre Lot

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.

City:Miami,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:3,Tax Year:2025,Latitude:25.7380989,Cooling Y N:1,Heating Y N:1,List Price:3000000,Listing Id:A11977562,Longitude:-80.2406505,Mls Status:Active,Year Built:2008,Directions:Please use GPS. In Coconut Grove on Coconut Ave.,Living Area:3500,Postal Code:33133,Street Name:Coconut Ave,Coordinates:1:25.7380989,Photos Count:18,Building Name:PALM TERRACE,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:41,M L S Area Major:Palm Terrace,On Market Date:2026-03-09,Parcel Number:01-41-16-166-0001,Parking Total:8,Property Type:Residential Income,Stories Total:3,Street Number:2945,Association Y N:1,M I A M I R E_ Style:Fourplex,Public Remarks: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.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2026-09-30,List Office Name:Grove Town Properties, Inc.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:3787,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:PALM TERRACE,Tax Annual Amount:35354,Unparsed Address:2945 Coconut Ave, Miami FL 33133,Listing Agreement:Exclusive Agency,Year Built Details:Resale,Building Area Total:3500,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Flood Zone:X,M I A M I R E_ L P Amt Sq Ft:857.1429,Original List Price:3000000,Public Survey Range:41,Documents Available:1:Deposit - Security,2:Copy Of Lease(S),I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Number Of Units Total:4,Syndication Remarks: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.,Listing Contract Date:2026-03-09,Originating System I D:miamire,Public Survey Section:16,Showing Instructions:Appointment Only,See Broker Remarks,Street Number Numeric:2945,Tax Legal Description: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,M I A M I R E_ Current Price:3000000,Public Survey Township:41,M I A M I R E_ Municipal Code:1,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:875,Association Fee Frequency:Monthly,M I A M I R E_ Internet Remarks:Coconut Grove investment opportunity. Four units with seperate folio numbers which can easily be converted into seperate condos.,M I A M I R E_ Parcel Number M L X:0001,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$25.738031$-80.240549$323.48$13.33$1.00$bzWQaVnhT9hBJzrWJ3WVNQ,M I A M I R E_ Supplement Count:3,Contract Status Change Date:2026-03-09,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:4,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:166,M I A M I R E_ Agent Alternate Phone:305-632-7232,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:2945 Coconut Ave,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:857.14,