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2945 Coconut Ave, Miami, FL
Offering:
For Sale
Location:
Miami, FL 33133
Subdivision:
PALM TERRACE
Status:
Active
$2,595,000
Deemed reliable but not guaranteed.
Details
Year built:
2008
Stories:
3
Parking:
8 spaces
Style:
Fourplex
Days on market:
213
Annual tax (2025):
$35,354
Type:
Quadruplex
MLS ID
A11977562
Virtual tour:
Listed by:
Grove Town Properties, Inc. (BVRG01)
Listing office phone:
786-554-8947
Listing office email:
Listing agent:
Adam Kutner (0688940)
Features
Utilities
Available:
Cable Available
Water source:
Public
Sewer:
Public Sewer
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.
Price history
$3,000,000 → $2,595,000
·
Reduced by
$405,000 (13.5%) · 3 price changes
Location
2945 Coconut AveMiami, FL 33133
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MLS information
Last updated Oct 8, 2026
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
