INVESTMENT/DEVELOPMENT OPPORTUNITY! Fully rented highly profitable investment properties (currently earning 8%+ CAP RATE) in Miami’s hottest neighborhood Coconut Grove. 3840 & 3850 Charles Terrace being sold together offering a combined 7 bedrooms and 6 bathrooms on 12,000 SF of land for $1,390,000. Both homes are completely renovated and have all impact windows, new A/Cs and new furniture. Earn great income with huge potential to build one or two new homes now or in the future. Located just a mile from all the great shops, restaurants, entertainment, and waterfront parks in Coconut Grove’s village center, within walking distance to two top public schools, and less than a mile to the Metrorail (one stop to UM), and just 5 miles from Brickell/Downtown Miami.