Home in 500 SW 8th Avenue, Miami, FL 33130 for sale with MLS# A12004679
TURNKEY LITTLE HAVANA MULTIFAMILY | 6.85% CAP RATEExceptional investment opportunity in the heart of Little Havana! This premium 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 strong Net Operating Income (NOI) of $115,144.50, delivering an attractive 6.85% cap rate at the $1,680,000 asking price.Ownership has invested over $200,000 in recent capital improvements, minimizing future capital expenditures and providing true turnkey ownership. 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 added buyer confidence, the City of Miami 40- and 50-year structural recertifications have been fully completed and approved, offering significant peace of mind.Ideally located just minutes from Brickell, Downtown Miami, and the Health District, this asset benefits from one of Miami's strongest and most resilient rental markets. Whether you're completing a 1031 exchange, expanding a private portfolio, or seeking a stabilized, cash-flowing investment, this property offers immediate, optimized income from day one with minimal deferred maintenance.
500 SW 8th Avenue, Miami, FL 33130
- Price:
- $1,680,000.00
- Original List Price:
- $1,899,999.00
- List Price per Sq Ft (Calculated, Approx.):
- $364.58
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Residential
- Property Type:
- Single Family House
- Description of Last Important Update:
- Price Reduced
- Last Major Update on:
- August 1, 2026 6:00 pm
- Other Special Conditions:
- Sold As-is
- Bedrooms:
- 12
- Bathrooms Total:
- 6
- Full Bath:
- 6
- Room Type:
- Other
- Master Bedroom Bath:
- Other
- Living Area:
- 4,608 Sqft
- Built-Up Area:
- 4,608 Sqft
- Lot Size Acres:
- 0.13
- Waterfront:
- No
- Security:
- Fire Alarm
- Exterior:
- Balcony, None
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Central
- Property Entrance Faces:
- Southwest
- Balcony Details:
- Balcony - Open
- Year Built:
- 1925
- Architectural Style:
- Other
- Levels:
- Two
- Construction Materials:
- Frame, Stucco
- Flooring:
- Vinyl
- Number of stories:
- 2
- Flood Zone Code:
- AE
- Property Condition:
- Resale
- Tax Annual Amount:
- $24,355.00
- Tax Year:
- 2025
- Property Tax Details:
- City/County
- Garage Spaces:
- 0
- Covered Spaces:
- 0
- Sewer:
- Public Sewer
- Water Source:
- Public
- Subdivision Name:
- HORNERS ADDN
- Senior Community:
- No
- Restrictions:
- No Restrictions
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Close Of Escrow
- Tax Legal Description:
- HORNERS ADDN PB B-160 BEG NE COR LT 32 S45.87FT W84.40 FT S9FT W30.647FT N54.87FT E115. 04FT TO POB LOT SIZE IRREGULAR OR 25762-4021 06 2007
- Real Estate Folio Number (Parcel Number):
- 0141380060180
- Zoning:
- 3901
- Elementary School:
- Hope-centennial
- High School:
- Booker T. Washington
- Middle Or Junior School:
- Jose De Diego
- Active on the market since:
- June 11, 2026
- Listing Agreement executed on:
- April 20, 2026
- Price change occurred on:
- August 1, 2026 6:00 pm
- Listing Status Last Changed On:
- June 11, 2026 10:44 pm
- Photos updated on:
- August 3, 2026 8:33 pm
- Last Modified:
- August 3, 2026 8:33 pm
- Courtesy of:
- Sellstate 5 Star Realty
- Attribution:
- Not provided
- Street Name:
- 8th
- Street Number:
- 500
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33130
- County:
- Miami-Dade
- Latitude:
- N25° 46' 7.5''
- Longitude:
- W81° 47' 31.9''
- Street Suffix:
- Avenue
- Street Direction Prefix:
- SW
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
Ver la propiedad 500 SW 8th Avenue, Miami, FL 33130
