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Listed
Nestled perfectly between Coconut Grove to the south and The Roads to the north, this highly desirable Silver Bluff Property is perfect for a large family that wants a steadily appreciating, flexible investment opportunity for owner-occupants and seasoned investors alike. Presently set as three separate units, but extremely easy to convert to single 5 bedroom home! This well-laid-out property features two spacious 2-bedroom, 1.5-bathroom units alongside a separate studio apartment, generating a potential gross income of well over $80,000 annually. Each unit is beautifully updated with modern kitchens featuring quartz countertops, renovated bathrooms, sleek laminate flooring, and private in-unit laundry. Residents will appreciate the convenience of dedicated front and rear entrances. Parking is a premium in Miami, and this property delivers fantastic dual access parking. With secure, gated parking in the front, as well as covered, fenced-in parking in the rear. Enjoy unbeatable convenience within walking distance to the 27th Avenue Metrorail station, The Underline, the new Grove Central Shopping Mall, and Shell Lumber. With rapid access to Coral Gables, Brickell, and Miami International Airport, this prime location is truly unmatched. Whether you want to convert the entire property into one living unit or live in one unit and let the others pay your mortgage, or add a high-yield asset to your portfolio, this is it.
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 5-bed rentals in Coconut Grove, from 7 active listings; the middle half ask $16,000–$38,000.That is what landlords ask, not what units let for — edit it if you know better.
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
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