500 Sw 8th Ave, Miami, FL 33130
- $1,649,999
- 12
- BD
- 6
- BA
- 4,658
- SqFt
- List Price
- $1,649,999
- MLS#
- A12075866
- Subdivision
- Horners Addn
- Status
- ACTIVE
- Type
- Single Family Residential
- Bedrooms
- 12
- Full baths
- 6
- Living Area
- 4,658
Property 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.
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Additional Information
- Days on Market
- 86
- View
- None
- Tax Amount
- $24,355
- Parcel Number
- 01-41-38-006-0180
- Bedroom Description
- Other
- Front Exposure
- Southwest
- Lot Size
- 5,800
- Exterior Features
- Lighting, Open Balcony
- Parking Restrictions
- Driveway, Other, On Street
- Address
- 500 Sw 8th Ave, Miami
- SqFt Liv Area
- 4,658
- Year Built
- 1925
- Design
- Detached, Two Story, Other
- Development Name
- Horners Addn
- Style
- R30-No Pool/No Water, House
- Restrictions
- No Restrictions
- Construction Type
- Concrete Block Construction, Frame With Stucco
- Interior Features
- First Floor Entry, Second Floor Entry, Fire Sprinklers, Other
- Section
- 38
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Listing Courtesy of Sellstate 5 Star Realty, Contact: