500 SW 8th AVE, Miami, FL 33130
500 SW 8th AVE, Miami, FL 33130
500 SW 8th AVE, Miami, FL 33130
33
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$1,680,000
Est. payment /mo
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12 Beds
6 Baths
4,608 SqFt
Active

500 SW 8th AVE Miami, FL 33130

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Jesse Friedman

Jesse Friedman

+1(561) 512-5340

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,608 sqft

Price per Sqft $364

Subdivision Horners Addn

MLS Listing ID A12004679

Style Other

Bedrooms 12

Full Baths 6

Construction Status Resale

HOA Y/N No

Total Fin. Sqft 4608

Year Built 1925

Annual Tax Amount $24,355

Tax Year 2025

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type Single Family Residence

Property Description

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.

Location

State FL

County Miami-dade

Area 2410

Zoning 3901

Direction Southwest

Interior

Interior Features Other

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplace No

Exterior

Exterior Feature Balcony, None, Outdoor Living Area

Amenities Available None

Water Access Desc Public

Porch Open, Balcony

Garage No

Private Pool No

Building

Faces Southwest

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories Two

Structure Type Frame,Stucco

New Construction No

Construction Status Resale

Schools

Elementary Schools Riverside (Miami-Dade)

Middle Schools Jose De Diego

High Schools Booker T. Washington

Others

Senior Community No

Restrictions No Restrictions

Tax ID 0141380060180

Security Features Fire Alarm

Acceptable Financing Cash, Conventional

Membership Fee Required false

Listing Terms Cash, Conventional

Special Listing Condition Listed As-Is

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12004679

BeachesMLS, Inc. (FLR) IDX
Listed by Joey Fumero-Manso Sellstate 5 Star Realty

NEARBY SCHOOLS & PROPERTIES

Jesse Friedman

“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(561) 512-5340

cobbsfriedman@gmail.com

4116 se jib ln, Stuart, Florida, 34997, United States

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