$1,649,9991 days on marketActive

500 SW 8th Avenue, Miami, FL 33130

Miami, FL 33130

Beds

Baths

4,658

Sq Ft

$354

$/Sq Ft

1925

Year Built

0.13 acres

Lot Size

Listing Snapshot

List Price	$1,649,999
Price / Sq Ft	$354
Beds	12
Baths	6
Living Area	4,658 sqft
Lot Size	0.13 acres

Year Built	1925
Property Tax	$24,355/yr
MLS #	1183766501
Status	Active
Days on Market	1

About This Home

Exceptional investment opportunity in the heart of Little Havana. This 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 Net Operating Income (NOI) of $115,144.50, representing an approximate 6.98% cap rate based on a $1,649,000 purchase price.Ownership has invested over $200,000 in recent capital improvements, helping minimize future capital expenditures and offering a turnkey ownership opportunity. 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 additional confidence, the City of Miami 40- and 50-year structural recertifications have been fully completed and approved. Ideally located near Brickell, Downtown Miami, the Health District, and major employment and transportation corridors, the property benefits from strong rental demand and long-term appreciation potential associated with Miami's continued growth and development.A stabilized multifamily asset with established income, extensive recent improvements, completed recertifications, and a central Little Havana location.