3007 Bird Grove Apartments

Located in the highly sought-after Coconut Grove submarket, this meticulously maintained apartment complex offers residents unparalleled access to an abundance of charming local shops, restaurants, and cultural attractions that define the character of Coconut Grove. The property is located just 1 block South of US-1 and only 2 miles to I-95 access, making Brickell, Downtown Miami, Coral Gables, and other major employment areas easily accessible, providing a perfect blend of convenience and urban living.Lee & Associates South Florida presents the 3007 Bird Grove apartments, a beautifully maintained 12-unit multifamily property in the heart of Coconut Grove, fully occupied to present an incredible opportunity to an investor to capitalize on significant potential upside upon tenant rollover within the first year of ownership. The property offers a mix of Eleven, 1 Bedroom / 1 Bath units and One, 2 Bedroom / 2 Bath spread across a corner .28-acre lot. Each of the bright and airy units boasts ceramic tile or laminate flooring, central A/C, in-unit washer/dryer, and a private terrace, ensuring a comfortable and stylish living experience. The property is secured by a gated entrance and security cameras, offers hurricane shutters for all units, and includes one dedicated parking space per residence. A charming communal grass area on the north side of the property provides a tranquil space for residents to gather, socialize, or simply unwind. Additionally, the property recently passed its 30-year recertification in 2023. Bird Groves' location boasts a walkability score of 92 with exceptional access to explore an abundance of local shops, restaurants, and cultural attractions that define the character of the Grove. Residents can easily access CocoWalk, Blanche Park, Target (opening March 2024), and the Coconut Grove Metrorail Station within a short 10-minute walk. Additionally, the property is located just 1 block south of US-1 and only 2 miles to I-95 access making Brickell, Downtown Miami, Coral Gables, and other major market areas easily accessible, providing a perfect blend of convenience and urban living. In recent years, the Coconut Grove submarket has seen great interest from investors and developers due to its charm, high desirability, and proximity to Miami's downtown corridor and key employment generators. The area's extremely high demand and low vacancy rate command high rents while creating upward pressure on future rental rates.