500 SW 8th Avenue, Miami, FL 33130

Listing Snapshot

About This Home

TURNKEY MULTIFAMILY IN LITTLE HAVANA – 6.58% CAP RATE! a premium income asset features 2 detached buildings with a uniform mix of six fully renovated 2BR/1BA units. Operating with a lean 31.83% expense ratio, the property yields a strong $115,144.50 NOI at a $1,750,000 purchase price. Over $200k in recent capital upgrades eliminates near-term CapEx: full interior renovations (2022), new permitted roofs (2024), new exterior stucco/paint (2024), roof-mounted mini-split HVACs (2024), plumbing updates, and independent full electrical upgrades including new main service entries and meter boxes (2025/2026). BUYER PEACE OF MIND: City of Miami 40 & 50-year structural recertifications are fully approved and finalized. Unmatched location stability blocks from Brickell, Downtown, and the Health District. Perfect for 1031 exchange or private portfolio growth. Move immediately into optimized, stable cash flow from day one

General Features

Property Type

Residential

Sub-type

SingleFamilyResidence

Style

Other

Stories

2

Direction Faces

Southwest

Zoning

3901

Security

FireAlarm

Subdivision

HORNERS ADDN

Interior Features

Flooring

Vinyl

Heating

Central

Cooling

CentralAir

Interior Features

Other

Exterior Features

Construction

Frame,Stucco

Exterior Features

Balcony,None,OutdoorLivingArea

Patio / Porch

Open,Balcony

Pool

No

Waterfront

No

Community Features

Association Amenities

None

MLS Area

2410

Schools

Map

Virtual Tour