What is the asking price and what does it include?

The list price for 502 & 510 SW 27th Ave, Miami FL 33135 is $6,500,000. The property is a Quadruplex with — bedrooms, — bathrooms, approximately 3826 square feet of living space, on a — lot. List price reflects the home and customarily-attached fixtures; it does not include furniture, art, or detached personal property unless explicitly listed in contract. Final inclusions are determined by the executed purchase contract, not by this page. Contact us if you want a written inclusions/exclusions schedule before drafting an offer.

Where exactly is it, and what is the neighborhood like?

The property sits at 502 & 510 SW 27th Ave, Miami FL 33135 in Miami, 33135. Coordinates are approximately , . Walkability, transit, distance to beach or bay, and traffic patterns vary block by block and are best evaluated in person; visit at both a weekday rush hour and a weekend afternoon before writing an offer. We do not characterize neighborhoods by demographic composition — Fair Housing Act constraints we take seriously. We will gladly provide objective data on request: distance to nearest grocery, hospital, marina, public school, and major roadway.

What are the property taxes and any homestead implications?

Miami-Dade County real-estate taxes are administered by the Miami-Dade Property Appraiser (current assessment + tax-bill data at https://www.miamidade.gov/pa/property_search.asp). A new buyer's tax bill resets based on the sale price and the buyer's own exemption status; the first full tax bill after purchase is often meaningfully higher than the seller's prior bill. Florida's Homestead Exemption reduces the taxable value for a primary residence — eligibility requirements and filing windows are published at https://www.miamidade.gov/pa/exemptions_homestead.asp. The statewide Florida Department of Revenue property-tax reference is at https://floridarevenue.com/property/.

Is it in a flood zone, and what does that mean for insurance?

Authoritative flood-zone designation for any U.S. address is published by FEMA on the National Flood Hazard Layer at https://msc.fema.gov/portal/home. Coastal South Florida includes properties in multiple flood-risk zones (AE, V, VE, X). Lenders typically require flood insurance in high-risk zones. The FEMA Risk Rating 2.0 methodology (premiums based on elevation, construction type, claims history, distance to water) is documented at https://www.fema.gov/flood-insurance/risk-rating. Florida-specific flood-insurance program data is at https://floridarevenue.com/.

How do you determine the list price?

We analyze recent comparable sales in Miami — similar properties in size, condition, and location that sold within the last three to six months. This Comparative Market Analysis (CMA) helps ensure 6,500,000 reflects current market value. For a personalized CMA on a specific property or to discuss listing strategy, contact us directly.

How long does it typically take to close on this property?

Most Florida real estate transactions close in 30–45 days from accepted offer, assuming timely financing, inspections, and HOA or condominium questionnaire responses. Condominium sales may take longer if SB-4D structural reports or association approvals are needed. We manage the timeline closely to avoid delays. Contact us for a detailed closing checklist tailored to 502 & 510 SW 27th Ave, Miami FL 33135.

What financing step do you recommend before touring?

Get pre-approved by a licensed lender before making an offer. A pre-approval letter shows sellers you are a serious buyer and can close. In Florida's competitive market, it is often a practical requirement. We work with trusted local lenders who understand Miami-Dade specifics like flood-zone implications and condominium-warrantability requirements. Call us for lender referrals.

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

Residential Income Active

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

$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 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.

Address

Open on Google Maps

Address: 27th Ave
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33135
Area: CAROLINA HEIGHTS

Details

Updated on June 2, 2026 at 5:13 pm

Property ID A12029566
Price $6,500,000
Property Size 3826 Square Feet
Year Built 1940
Type Quadruplex
Property Status Residential Income

Additional details

ArchitecturalStyle Detached
BuildingAreaSource Owner
BuildingAreaTotal 3826
BuildingAreaUnits Square Feet
BuildingName CAROLINA HEIGHTS
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2026-05-28
Cooling Central Air
DaysOnMarket 5
DocumentsAvailable Copy Of Lease(S)
ExpirationDate 2026-11-27
Flooring Ceramic Floor, Vinyl
Heating Central
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-297-6223
ListingTerms All Cash, Conventional
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Carolina Heights
MajorChangeTimestamp June 2, 2026 at 07:41pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp June 2, 2026 at 07:41pm
NumberOfUnitsInCommunity 4
NumberOfUnitsTotal 10
OnMarketDate 2026-05-28
OriginalEntryTimestamp June 2, 2026 at 07:41pm
OriginalListPrice 6500000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 01-41-04-017-0510
ParkingTotal 10
PhotosCount 0
Possession Funding
PostalCode 33135
PostalCodePlus4 2941
PriceChangeTimestamp June 2, 2026 at 05:50pm
PublicSurveyRange 41
PublicSurveySection 4
PublicSurveyTownship 41
RentIncludes Cable TV, Electricity, Gardener
Roof Concrete, Flat Tile
Sewer Public Sewer
ShowingInstructions 24 Hour Notice
SourceSystemKey 503283090
StateOrProvince FL
StatusChangeTimestamp June 2, 2026 at 07:41pm
Stories 2
StoriesTotal 2
StreetDirPrefix SW
StreetName 27th Ave
StreetNumber 502 & 510
StreetNumberNumeric 502
StructureType Quadruplex, Fourplex
SyndicationRemarks 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.
TaxAnnualAmount 0
TaxLegalDescription CAROLINA HEIGHTS PB 11-61 LOT 22 LESS E5FT BLK 3 LOT SIZE 55.000 X 121 OR 17878-0517 1197 1
TaxYear 2025
WaterSource Municipal Water
YearBuiltDetails Resale
Zoning 6101