About This Home

This 6-bedroom, 0-bathroom multi-family at 502 & 510 SW 27th Ave in Miami, FL is listed for $5,750,000 ($1,503 per sqft). Built in 1940, the home offers 3,826 sqft of living space on a N/A lot.

Key Features

  • Built in 1940
  • 2 stories
  • 10 parking spaces

Property Details

2 stories
6 full
10 spaces
1940

Amenities

A/C
Listing 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 2-Bedroom/2-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.

Monthly Cost Estimate

$30,752/mo

20% down · 6.5% · 30 years

Principal$4,158
Interest$24,917
Insurance$1,677

Estimates only. Actual payments may vary.

Location

502 & 510 SW 27th Ave

Miami, FL 33135

CAROLINA HEIGHTS

Property Details

Flooring

VinylTile - Ceramic

Construction

Block

Heating

Central

Cooling

Central Air

Questions & Answers

This 6-bedroom, 0-bathroom multi-family at 502 & 510 SW 27th Ave is listed at $5,750,000 ($1,503/sqft). The estimated monthly payment is $30,752 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1940, 2 stories, 10 parking spaces.

This property is listed by Haraum Mellado.

HM

Haraum Mellado

License 3355465

Agent at RE/MAX Advance Realty

Listed by RE/MAX Advance Realty · Broker phone: (305) 251-2127 · View on Broker Site · Broker website

MLS# A12029566· Source: Miami REALTORS®· 5 days on PropertySimple

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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