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$1,649,999
2 Days On Site

500 SW 8th Ave
Miami, FL33130

For Sale|Single Family Residence|Active
12
Beds
6
Total Baths
6
Full Baths
4,658
SqFt
$354
/SqFt
1925
Built
Subdivision:
HORNERS ADDN
County:
Miami-Dade
Call Now: 917-861-5532
Is this the listing for you? We can help make it yours.
917-861-5532
500 SW 8th Ave500 SW 8th Ave500 SW 8th Ave500 SW 8th Ave
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Exceptional investment opportunity in the heart of Little Havana. This income-producing asset consists of two detached buildings featuring a uniform mix of six fully renovated 2-bedroom, 1-bathroom units. Operating with an efficient 31.83% expense ratio, the property generates a Net Operating Income (NOI) of $115,144.50, representing an approximate 6.98% cap rate based on a $1,649,000 purchase price. Ownership has invested over $200,000 in recent capital improvements, helping minimize future capital expenditures and offering a turnkey ownership opportunity. Major upgrades include complete interior renovations (2022), new permitted roofs (2024), new exterior stucco and paint (2024), roof-mounted mini-split HVAC systems (2024), plumbing improvements, and fully upgraded electrical systems with new main service entries and meter boxes (2025/2026). For additional confidence, the City of Miami 40- and 50-year structural recertifications have been fully completed and approved. Ideally located near Brickell, Downtown Miami, the Health District, and major employment and transportation corridors, the property benefits from strong rental demand and long-term appreciation potential associated with Miami's continued growth and development. A stabilized multifamily asset with established income, extensive recent improvements, completed recertifications, and a central Little Havana location.

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Listing Snapshot
Price 
$1,649,999
Days On Site 
2 Days
Bedrooms 
12
Inside Area (SqFt) 
4,658 sqft
Total Baths 
6
Full Baths 
6
Partial Baths 
N/A
Lot Size 
0.1331 Acres
Year Built 
1925
MLS® Number 
A12075866
Status 
Active
Property Tax 
$24,355
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayStatus changed to Active
yesterdayPrice changed to $1,649,999
yesterdayListing updated with changes from the MLS®
2 days agoListing first seen on site
General Features
Direction Faces 
Southwest
Levels 
Two
Parking 
DrivewayOtherOn Street
Property Sub Type 
Single Family Residence
Security 
Fire Sprinkler System
Sewer 
Public Sewer
SqFt Total 
4658
Style 
DetachedOtherTwoStory
Water Source 
Public
Zoning 
3901
Interior Features
Appliances 
OtherRefrigerator
Cooling 
Central Air
Flooring 
Vinyl
Heating 
Central
Interior 
Other
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Exterior Features
Construction Details 
BlockFrameStucco
Exterior 
BalconyLighting
Patio And Porch 
Porch
Pool Features 
None
Road Frontage 
City Street
Roof 
CompositionShingle
View 
None
Waterview 
None
Community Features
Financing Terms Available 
CashConventionalOwner May Carry
MLS Area 
30
Roads 
Paved
Listing courtesy of Sellstate 5 Star Realty

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Source: Walkscore
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