Small Miami Apartment Building Offered for Big Price

The GroveHaus, an 11-unit apartment building in Miami, is listed for $10.4 million, nearly $950,000 a unit.  Marcus & Millichap has the exclusing listing on the property at 3265 Bird Ave in Coconut Grove.

“This turnkey boutique property presents an exclusive opportunity to acquire a Class A asset in one of Miami’s most prestigious neighborhoods, offering several opportunities for appreciation,” says Alex Zylberglait, who has the listing along with Marcus & Millichap’s Michael Crocchiola. “The building features spacious units with high ceilings, private gated parking, and proximity to numerous work and entertainment destinations.”

The two- and three-bedroom apartments are near shopping and dining venues at CocoWalk just minutes away. Built in 2019, the units average out at just under 1,700 square feet. According to Zillow, room rents run approximately $6,000 a month.