3265 Bird Ave Miami, FL 33133

3265 Bird Ave Miami, FL 33133
$10,400,000
$10,400,000
3265 Bird Ave Miami, FL 33133

Overview

Introducing GroveHaus, a modern boutique residential building nestled in the prestigious Coconut Grove neighborhood at 3265 Bird Avenue. This newly constructed property presents a prime investment opportunity, offering a sleek, upscale asset in one of Miami’s most desirable locations. With 11 meticulously crafted rental units, GroveHaus includes a blend of six two-bedroom/two-and-a-half bathroom units and five three-bedroom/three-and-a-half bathroom units, featuring luxury finishes like 12-foot ceilings, high-end porcelain flooring, and modern Bosch appliances. Fully built-out closets, in-unit washers and dryers, and a covered parking garage further elevate tenant convenience.
Each unit boasts private open-air terraces or patios, seamlessly merging indoor elegance with outdoor tranquility. GroveHaus presents flexible investment strategies, offering the potential to convert units into high-end condominiums or maintain the building as a short-term rental asset, leveraging high occupancy rates for optimal returns.
Located in the thriving Coconut Grove submarket, just minutes from the upscale shopping and dining of CocoWalk, GroveHaus benefits from a high-demand area that has seen substantial investment activity in recent years. This exclusive property provides investors with a stable, lucrative asset in a market known for its sustained growth and robust returns.
Seller financing is available, offering 60% LTV for 3 years at 7% interest-only terms to qualified buyers, adding further appeal to this exceptional investment opportunity.
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Details

  • Lot area (sqft):
    13000 sqft
  • Building area (sqft)::
    29155 sqft
  • Price ($):
    $10,400,000
  • Year built:
    2019
  • Cap Rate:
    5.03%
  • Single Asset

Amenities

  • Air Conditioning
  • Cable
  • Dining Room
  • Dishwasher
  • Eat-in Kitchen
  • Family Room
  • Heating
  • Kitchen
  • Microwave
  • Oven
  • Porch
  • Range
  • Refrigerator
  • Shower
  • Walk-In Closet
  • Washer
  • Wheelchair Accessible
  • WiFi
  • Window Coverings