502 & 510 SW 27th Ave, Miami FL 33135 | Miami-Dade County | A12029566

502 & 510 SW 27th Ave, Miami FL 33135

Active Residential Income Active

$6,500,000

Type
Quadruplex

3826 Sq Ft
Area Size

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Active Residential Income Active

502 & 510 SW 27th Ave, Miami FL 33135 | Miami-Dade County | A12029566

502 & 510 SW 27th Ave, Miami FL 33135

$6,500,000

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.

Property Overview

This is a fully remodeled quadruplex at 502 & 510 SW 27th Ave in Miami, part of the Carolina Heights complex. Built in 1940, it sits on a single lot and is part of a larger mixed-use property that includes a commercial medical office, two 1-bedroom/1-bathroom apartments above it, a fourplex, and a duplex. The quadruplex alone offers four 1-bedroom/1-bathroom units, all updated and ready for occupancy or rental. The property is listed for $6.5 million as a sale. The location is strong, situated between Little Havana and Coconut Grove, two of Miami’s most vibrant neighborhoods. It's close to major employment centers, restaurants, and shopping, making it an attractive place for residents and a steady draw for tenants. The property benefits from existing tenants in the commercial and residential units, offering immediate rental income with minimal need for further investment. This is a mixed-use opportunity, combining residential and commercial space in one listing. The quadruplex, along with the other units and the ground-floor medical office, contributes to a total of eight residential units and one commercial space. The updates have been done with an investor in mind—each unit is move-in ready, and the structure is positioned to provide strong cash flow. For more details or to discuss the property, call 305-859-4733.