500 SW 8th Ave, Miami FL 33130

500 8th Ave, Miami, FL, 33130
$1,649,999

Basics

Date added Added 2 hours ago Category Type Status
Bedrooms 12 beds Bathrooms 6 baths Half baths 0 half baths Total rooms 0
Area 4658 sq ft Lot size 5800 sq ft Subdivision Name HORNERS ADDN List Office Name Sellstate 5 Star Realty
GarageSpaces 0 View None ListAOR Miami Association of REALTORS® MLS ID A12075866

Description

  • Description:

    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.

Location

  • CountyOrParish: Miami-Dade County

Building Details

Amenities & Features

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This style property is located in Miami is currently . This property is listed at $1,649,999. It has 12 beds, 6 baths, and has . The property was built in the year 1925. Listing courtesy of

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