502 SW 27th Ave Miami, FL 33135
West Flagler NeighborhoodEstimated payment $37,085/month
Highlights
- No HOA
- Ceramic Tile Flooring
- Central Heating and Cooling System
About This Home
Exceptional Mixed-Use Investment Opportunity in the Heart of MiamiRare 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 Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Parking
- 10 Parking Spaces
Home Design
- Quadruplex
- Flat Roof Shape
- Tile Roof
- Concrete Roof
Interior Spaces
- 3,826 Sq Ft Home
- 2-Story Property
Flooring
- Ceramic Tile
- Vinyl
Schools
- Auburndale Elementary School
- Citrus Grove Middle School
- Miami High School
Utilities
- Central Heating and Cooling System
- Separate Meters
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 0141040170510
Community Details
Overview
- No Home Owners Association
- 4 Units
- Carolina Heights Subdivision
Building Details
- Gross Income $8,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $16,718 | $836,400 | $532,400 | $304,000 |
| 2024 | $17,475 | $910,722 | $532,400 | $378,322 |
| 2023 | $17,475 | $850,094 | $532,400 | $317,694 |
| 2022 | $9,469 | $362,386 | $0 | $0 |
| 2021 | $7,000 | $362,717 | $332,750 | $29,967 |
| 2020 | $7,679 | $362,717 | $266,200 | $96,517 |
| 2019 | $6,976 | $326,808 | $266,200 | $60,608 |
| 2018 | $6,615 | $315,802 | $266,200 | $49,602 |
| 2017 | $6,690 | $315,802 | $0 | $0 |
| 2016 | $6,893 | $315,802 | $0 | $0 |
| 2015 | $7,435 | $334,379 | $0 | $0 |
| 2014 | $7,162 | $315,802 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/28/2026 05/28/26 | For Sale | $6,500,000 | +170.8% | $1,699 / Sq Ft | |
| 06/07/2022 06/07/22 | Sold | $2,400,000 | -7.3% | -- | View Prior Sale |
| 03/10/2022 03/10/22 | Price Changed | $2,590,000 | -5.8% | -- | |
| 10/16/2021 10/16/21 | For Sale | $2,750,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,400,000 | Thomas L Harris Pa | |
| Warranty Deed | $332,800 | -- | |
| Deed | $170,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,200,000 | New Conventional | |
| Closed | $1,500,000 | New Conventional |
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: A12029566
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All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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