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$6,500,000 Just Listed
Property 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.
Full Property Details
Full Property Details for 502 & 510 SW 27th Ave
General
- Price: $6,500,000
- Taxes: (2025)
- Status: Active
- Type: Multi-Family
- Source: Greater_Miami
- MLS ID: A12029566
- Updated: 6/2/2026
- Added to Site: 6 day(s) ago
Rental Information
- Rent Includes: Cable TV, Electricity, Gardener
Interior
- Flooring: Ceramic Floor, Vinyl
Parking
- Total Spaces: 10
Location
- Area: Carolina Heights
- County: Miami-Dade County
- Subdivision: CAROLINA HEIGHTS
- Building Name: CAROLINA HEIGHTS
Community
- Community Name: Carolina Heights
- Units Assoc/Comm: 4
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Municipal Water
Structural Information
- Architectural Style: Detached
- Structure Type: Quadruplex, Fourplex
- Detached/Attached: Detached
- Construction: Concrete Block Construction
- Roof: Concrete, Flat Tile
- Stories/Levels: 2
- Building Size: 3826
- Square Feet: 3,826
- Sq. Ft. Source: Owner
- Living Area: 3,826 Sq. Ft.
- Year Built: 1940
Unit Information
- Units in Complex: 4
Lot Features
- Lot Features: Less Than 1/4 Acre Lot
- Zoning: 6101
Financial Considerations
- Price Per Sq. Ft.: $1,698.9
- Tax Year: 2025
- Terms: All Cash, Conventional
Disclosures and Reports
- Documents Avail.: Copy Of Lease(S)
- Legal Description: CAROLINA HEIGHTS PB 11-61 LOT 22 LESS E5FT BLK 3 LOT SIZE 55.000 X 121 OR 17878-0517 1197 1
- Property ID: 01-41-04-017-0510
Listed by RE/MAX Advance Realty II
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Schools
Schools serving 502 & 510 SW 27th Ave
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Auburndale Elementary School 3255 Southwest 6th Street, Miami, FL 33135 | PK-5 | 0.6 mi |
Citrus Grove Middle School 2153 Northwest 3rd Street, Miami, FL 33125 | 6-8 | 0.9 mi |
Miami Senior High School 2450 Southwest 1st Street, Miami, FL 33135 | 9-12 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 502 & 510 SW 27th Ave
Date
Details
Price
Change
Source
5/28/2026
Listed
$6,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 502 & 510 SW 27th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,142
—
$657,518
—
2024
$13,175
-1%
$657,655
2%
2023
$13,317
58%
$647,849
44%
2021
$8,405
-14%
$449,585
-23%
2022
$9,789
16%
$587,481
51%
2021
$8,405
16%
$389,211
23%
2019
$7,241
8%
$317,020
10%
2018
$6,678
20%
$288,200
10%
2017
$5,550
-1%
$262,000
3%
2016
$5,616
-4%
$254,925
-3%
2015
$5,826
3%
$262,000
5%
2014
$5,667
-25%
$249,900
-22%
2013
$7,548
—
$321,170
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 502 & 510 SW 27th Ave
502 & 510 SW 27th Ave, Miami, FL 33135 (MLS# A12029566) is a Multi-Family property with 10 units containing 0 bedrooms and 0 full bathrooms. 502 & 510 SW 27th Ave is currently listed for $6,500,000 and was received on May 28, 2026. Want to learn more about 502 & 510 SW 27th Ave? Do you have questions about finding other Multi-Family real estate for sale in Allapattah? You can browse all Allapattah real estate or contact a Coldwell Banker agent to request more information.
