500 SW 8th Avenue, Miami, FL 33130
- $1,749,999
- 12
- BD
- 6
- BA
- 4,608
- SqFt
- List Price
- $1,749,999
- Days on Market
- 42
- MLS#
- A12004679
- Bedrooms
- 12
- Full Bathrooms
- 6
- Sq. Ft
- 4,608
- Subtype
- Single Family Residence
- County
- Miami-Dade
- Subdivision
- Horners Addn
- Year Built
- 1925
Property Description
TURNKEY MULTIFAMILY IN LITTLE HAVANA – 6.58% CAP RATE! a premium income asset features 2 detached buildings with a uniform mix of six fully renovated 2BR/1BA units. Operating with a lean 31.83% expense ratio, the property yields a strong $115,144.50 NOI at a $1,750,000 purchase price. Over $200k in recent capital upgrades eliminates near-term CapEx: full interior renovations (2022), new permitted roofs (2024), new exterior stucco/paint (2024), roof-mounted mini-split HVACs (2024), plumbing updates, and independent full electrical upgrades including new main service entries and meter boxes (2025/2026). BUYER PEACE OF MIND: City of Miami 40 & 50-year structural recertifications are fully approved and finalized. Unmatched location stability blocks from Brickell, Downtown, and the Health District. Perfect for 1031 exchange or private portfolio growth. Move immediately into optimized, stable cash flow from day one
Additional Information
- Construction
- Frame, Stucco
- Cooling
- Central Air
- Flooring
- Vinyl
- Heating
- Central
- Restrict
- NoRestrictions
- Security
- Fire Alarm
- Taxes
- $24,355
- Amenities
- None
- Stories
- 2
- Acres
- 0.13
- Price Per Sqft
- $379
- Elementary School
- Riverside (Miami-Dade)
- Middle School
- Jose De Diego
- High School
- Booker T. Washington
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Listing courtesy of Sellstate 5 Star Realty. Contact:
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Joey Fumero-Manso | Email: jfumero.re@gmail.com