500 SW 8th Ave, Miami FL 33130

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

Basics

Date added Added 55 minutes ago Category Type Status
Bedrooms 12 beds Bathrooms 6 baths Half baths 0 half baths Total rooms 0
Area, sq ft 4658 sq ft Lot size, sq ft 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 multifamily property features two detached buildings with six fully renovated 2-bedroom, 1-bathroom units, generating $13,200 in monthly rental income and $158,400 in annual gross income. Offered at $1,650,000, the property delivers an estimated $105,304.50 Net Operating Income (NOI) and an approximate 6.38% capitalization rate based on current operating expenses.

    Ownership has invested over $200,000 in capital improvements, helping reduce near-term maintenance concerns and providing a turnkey investment opportunity. Major upgrades include complete interior renovations (2022), new permitted roofs (2024), exterior stucco and paint (2024), roof-mounted mini-split HVAC systems (2024), plumbing improvements, and upgraded electrical infrastructure with new main service entries and meter boxes (2025/2026). The City of Miami's 40- and 50-year structural recertifications have also been completed and approved.

    Ideally situated near Brickell, Downtown Miami, the Health District, and major employment and transportation corridors, this property offers convenient access to key destinations throughout Miami. With established rental income, extensive capital improvements, completed recertifications, and a central location in a high-demand rental market, this is an attractive opportunity for investors seeking income-producing multifamily real estate with long-term potential.

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 Sellstate 5 Star Realty

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