2945 Coconut Ave, Miami FL 33133

PALM TERRACE is a well-maintained residential income property — an attached quadruplex in the Palm Terrace subdivision, built in 2008 and located in Miami-Dade County. Located at 2945 Coconut Ave, Miami FL 33133, the building offers a total living area of 3,500 sq ft (each of the four units is approximately 875 sq ft).
Each unit is a 2-bedroom, 1.5-bath residence with its own private patio and a rare, exclusive rooftop terrace perfect for star gazers. The gated property includes two parking spaces per unit and features central air cooling and central heating for tenant comfort. Every unit carries its own separate folio number, creating an uncommon opportunity for a potential condo conversion or flexible ownership structure.
All units are currently occupied by long-term tenants, providing immediate income with rents below market and strong upside potential. Association fees are billed monthly. Architectural style is attached, and the location places the property close to parks, marinas, dining, shopping, and the waterfront lifestyle that makes Coconut Grove highly desirable.
DO NOT DISTURB TENANTS. Showings by appointment only after an executed contract.