500 SW 8th Avenue, Miami, FL 33130
- $1,749,999
- 12
- BD
- 6
- BA
- 4,608
- SqFt
- List Price
- $1,749,999
- MLS#
- A12004679
- Bedrooms
- 12
- Bathrooms
- 6
- Sq. Ft
- 4,608
- Subtype
- Single Family Residence
- County
- Miami-Dade
- Subdivision
- Horners Addn
- Region
- 2410
- Year Built
- 1925
Property Description
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
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Additional Information
- Heating
- Central
- Cooling
- Central Air
- Sewer
- Public Sewer
- Water
- Public
- Exterior Features
- Balcony, None, Outdoor Living Area
- Flooring
- Vinyl
- Construction
- Frame, Stucco
- Living Area
- 4,608
- Elementary School
- Riverside (Miami-Dade)
- Middle School
- Jose De Diego
- High School
- Booker T. Washington
Listing courtesy of Sellstate 5 Star Realty. Contact: