$2,800,000
Miami, FL 33133
MLS# A11977562
3500 sqft
1 / 27
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.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2026-03-09
Status: Active
Original List Price: 3000000
List Price: $2,800,000
Current Price: $2,800,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami
Municipal Code: 1
Postal Zip: 33133
Subdivision Number: 166
Special Assessment YN: No
Flood Zone: X
Country: United States
Street Number: 2945
Street Name: Coconut
Street Suffix: Avenue
State Or Province: FL
Postal Code: 33133
Postal Code +4: 3787
Subdivision Name: PALM TERRACE
Area: 2410
Elementary School: Coconut Grove
Middle Or Junior School: Ponce De Leon
High School: Coral Gables
Parcel Number: 0141161660001
Zoning: 3900
Directions: Please use GPS. In Coconut Grove on Coconut Ave.
General Property Information
Number Of Units Total: 4
Adjusted Area Main: 875
Living Area Main: 3500
Lot Size Dimensions: 7500
Parking Total: 8
Stories Total: 3
Pool Private YN: No
Property Sub Type: Quadruplex
Building Area Main: 3500
Year Built: 2008
Financial Information
Estimated Monthly Assoc Recurring Fee: 0
Association YN: 1
Association Fee Frequency: Monthly
Tax Annual Amount: 35354
Tax Year: 2025
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
Office/Member Information
DXORIGMLSID: SEF
Flooring
Laminate: 1
Tile: 1
Property Condition
Resale: 1
Documents Available
Copy Of Lease(s): 1
Deposit - Last Months Rent: 1
Deposit - Security: 1
Structure Type
Multi Family: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Heating
Central: 1
Separate Meters: 1
Construction Materials
CBS: 1
Listing Terms
Cash: 1
Conventional: 1
Roof
Flat: 1
Tile: 1
Water Source
Public: 1
Income and Expenses
Gross Income: 13400
Cooling
Central Air: 1
Association Type
Condominium: 1
Showing Requirements
Appointment Only: 1
Tax Information
Tax Reflects No Exemptions: 1
Unit 1 Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 1 Details
Actual Rent: 3400
Baths Full: 1
Baths Half: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
SqFt: 875
Unit 1 Lease Description
Currently Leased YN: Yes
Unit 1 Other Equipment
Air Conditioning Unit: 1
Unit 1 Parking Features
Parking Space: 1
Unit 1 Rooms
Kitchen: 1
Laundry Room: 1
Unit 2 Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 2 Details
Actual Rent: 3200
Baths Full: 1
Baths Half: 1
Beds Total: 2
Efficiency YN: No
Furnished: Partially
SqFt: 875
Unit 2 Lease Description
Currently Leased YN: Yes
Unit 2 Other Equipment
Air Conditioning Unit: 1
Unit 2 Parking Features
Parking Space: 1
Unit 2 Patio/Porch
Patio/Porch: 1
Unit 3 Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Unit 3 Details
Actual Rent: 3300
Baths Full: 1
Baths Half: 1
Beds Total: 2
Efficiency YN: No
Furnished: Negotiable
SqFt: 875
Unit 3 Lease Description
Currently Leased YN: Yes
Unit 3 Other Equipment
Air Conditioning Unit: 1
Unit 3 Parking Features
Parking Space: 1
Unit 3 Patio/Porch
Patio/Porch: 1
Unit 4 Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 4 Details
Actual Rent: 3500
Baths Full: 1
Baths Half: 1
Beds Total: 2
Efficiency YN: No
Furnished: Negotiable
SqFt: 875
Unit 4 Lease Description
Currently Leased YN: Yes
Unit 4 Other Equipment
Air Conditioning Unit: 1
Unit 4 Parking Features
Parking Space: 1
Unit 4 Patio/Porch
Patio/Porch: 1
Price Calculations
Current Price To SqFt: 800
Section Details
Parcel Number MLX: 0001
Status Change Information
Major Change Timestamp: 2026-07-28T13:19:36Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-07-28T13:19:36Z
Status Change Date: 2026-03-09
Originating Details
Originating System Key: 438383273
Originating System ID: M00000151
Property Features
Documents Available: Copy Of Lease(s); Deposit - Last Months Rent; Deposit - Security
Flooring: Laminate; Tile
Property Condition: Resale
Structure Type: Multi Family
Construction Materials: CBS
Cooling: Central Air
Association Type: Condominium
Heating: Central; Separate Meters
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Roof: Flat; Tile
Sewer: Public Sewer
Tax Information: Tax Reflects No Exemptions
Utilities: Cable Available
Water Source: Public
Showing Requirements: Appointment Only
Unit 1 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer
Unit 1 Other Equipment: Air Conditioning Unit
Unit 1 Parking Features: Parking Space
Unit 1 Rooms: Kitchen; Laundry Room
Unit 2 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer
Unit 2 Other Equipment: Air Conditioning Unit
Unit 2 Parking Features: Parking Space
Unit 3 Appliances: Dishwasher; Disposal; Dryer; Microwave; Refrigerator; Washer
Unit 3 Other Equipment: Air Conditioning Unit
Unit 3 Parking Features: Parking Space
Unit 4 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer
Unit 4 Other Equipment: Air Conditioning Unit
Unit 4 Parking Features: Parking Space
Listing Office: Grove Town Properties, Inc.
Last Updated: July - 28 - 2026
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