3,500 SqFt
3,500 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $857
Subdivision Palm Terrace
MLS Listing ID A11977562
Style Fourplex
HOA Y/N Yes
Year Built 2008
Annual Tax Amount $35,354
Tax Year 2025
Property Sub-Type Quadruplex
Property Description
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.
Location
State FL
County Miami-dade
Community Palm Terrace
Area 41
Direction Please use GPS. In Coconut Grove on Coconut Ave.
Interior
Heating Central
Cooling Central Air
Flooring Laminate, Tile
Exterior
Pool None
Utilities Available Cable Available
Roof Type Flat,Tile
Total Parking Spaces 8
Private Pool No
Building
Lot Description < 1/4 Acre
Story 3
Sewer Public Sewer
Water Public
Architectural Style Fourplex
Structure Type Block
Others
Tax ID 01-41-16-166-0001
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Listed As-Is
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11977562
Schools and Properties Nearby
Owner/Licensed Realtor | License ID: 3167107
+1(305) 519-7471 | jackiesrealestate@gmail.com