2945 Coconut Ave, Miami, FL 33133

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.

Property Details

Flooring

Tile

Heating

Central

Cooling

Central Air

Architectural Style

Attached

Building & Association

Building Name

PALM TERRACE

Stories

3

Stories Total

3

Association

Yes

Association Fee

0

Association Fee Frequency

Monthly

Lot & Construction

Lot Features

Less Than 1/4 Acre Lot

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

CBS Construction

Roof

Flat Tile

New Construction

No

Public Records

Parcel Number

01-41-16-166-0001

Tax Annual Amount

$35,354

Tax Year

2,025

Zoning

3900

County Or Parish

Miami-Dade County

Location