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About This Home

This 4-bedroom, 4-bathroom multi-family at 502 & 510 SW 27th Ave in Miami, FL is listed for $6,500,000 ($1,699 per sqft). Built in 1940, the home offers 3,826 sqft of living space on a N/A lot.

Agent Description

Exceptional Mixed-Use Investment Opportunity in the Heart of Miami

Rare chance to acquire a fully remodeled mixed-use income-producing property in one of Miami's most desirable and rapidly growing neighborhoods, conveniently located between Little Havana and Coconut Grove.

This unique investment portfolio features:

• Medical Office Space on the ground floor, providing stable commercial tenancy potential.

• Two (2) Renovated 1-Bedroom/1-Bath Apartments located above the medical office.

• One Fourplex consisting of four (4) remodeled 1-Bedroom/1-Bath units.

• One Duplex featuring two (2) remodeled 1 bedroom one bath.

The property offers a total of 8 residential units plus a commercial medical office, creating multiple income streams and strong cash flow potential. All units have been beautifully updated, minimizing immediate capital expenditures and allowing for seamless transition for investors.

Ideally situated near major employment centers, restaurants, shopping entertainment, and public transportation, the location continues to benefit from strong rental demand and ongoing neighborhood growth. Its walking distance to the Little Havana area in addition to being minutes from Coconut Grove and Brickell makes it highly attractive to both residential and commercial tenants. Don't miss the chance to own a turnkey mixed-use investment with significant income potential in a prime location.

Key Features

  • Built in 1940
  • 10 parking spaces

Property Details

4 full
10 spaces
1940

Monthly Cost Estimate

$34,763/mo

20% down · 6.5% · 30 years

Principal$4,701
Interest$28,167
Insurance$1,896

Estimates only. Actual payments may vary.

Location

502 & 510 SW 27th Ave

Miami, FL 33135

Carolina Heights

Property Details

Flooring

TileTile - CeramicVinyl

Construction

Block

Heating

Central

Cooling

Central Air

Questions & Answers

This 4-bedroom, 4-bathroom multi-family at 502 & 510 SW 27th Ave is listed at $6,500,000 ($1,699/sqft). The estimated monthly payment is $28,167 based on 20% down at 6.5% interest.

Key features include: Built in 1940, 10 parking spaces.

This property is listed by Haraum Mellado and can be reached at 3052976223 or ari@teamfourcorners.com.

HM

Haraum Mellado

Agent at RE/MAX Advance Realty II

(305) 297-6223

Listed by RE/MAX Advance Realty II · View on Broker Site

MLS# A12029566· Source: listhub· Updated today

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

502 & 510 SW 27th Ave, Miami, FL 33135

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