GroveHaus 3265 Bird Ave

Marcus & Millichap is proud to present for sale GroveHaus, a newly constructed boutique residential building located at 3265 Bird Avenue in the prestigious Coconut Grove neighborhood. This property offers a rare opportunity to acquire a modern, upscale asset in one of Miami's most desirable areas. Comprising 11 meticulously designed rental units, the building includes a mix of six two-bedroom/two-and-a-half bathroom units and five three-bedroom/three-and-a-half bathroom units. The units are designed with 12-foot ceilings, elegant porcelain flooring, fully built-out closets, and modern Bosch appliances, appealing to discerning tenants. The inclusion of in-unit washers and dryers adds to the convenience, while a covered parking garage enhances the property's appeal in this high-demand area. Each apartment is enhanced by open-air terraces and patios, providing tenants with private outdoor spaces that complement the luxurious interiors.
Situated in the heart of Coconut Grove, GROVE HAUS offers a premier investment opportunity with exceptional flexibility. This exclusive 11-unit building provides investors with the option to convert each unit into high-end condominiums, allowing for the sale of individual units at a premium price. Alternatively, the property can be maintained as a short-term rental asset, enabling investors to capitalize on high occupancy rates and maximize returns. This dual potential for condominium conversion or short-term leasing positions GROVE HAUS as a versatile and lucrative investment in one of Miami’s most desirable markets.
Coconut Grove, a vibrant community just south of Miami’s city center, is renowned for its attractive amenities and dynamic lifestyle. With premier shopping and dining at CocoWalk just minutes away, the area is one of Miami's most sought-after locations for multifamily investments. The Coconut Grove submarket has seen significant investment activity over the past three years, underscoring its potential for strong returns. GROVE HAUS, located in this thriving environment, offers a rare opportunity for investors to acquire a stable and profitable asset in a market known for its continued growth and resilience.
Seller Financing May Be Available To Qualified Buyers At 60% LTV for 3 Years at 7% IO