500 SW 8th Ave, Miami, FL 33130
500 SW 8th Ave, Miami, FL 33130
500 SW 8th Ave, Miami, FL 33130
500 SW 8th Ave, Miami, FL 33130
500 SW 8th Ave, Miami, FL 33130
500 SW 8th Ave, Miami, FL 33130
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$ 1,649,999
Est. payment | /mo

12 Beds

6 Baths

4,658 SqFt


$ 1,649,999
Est. payment | /mo

12 Beds

6 Baths

4,658 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,658 sqft

Price per Sqft $354

Subdivision Horners Addn

MLS Listing ID A12075866

Style Detached,Other,Two Story

Bedrooms 12

Full Baths 6

HOA Y/N No

Year Built 1925

Annual Tax Amount $24,355

Tax Year 2025

Lot Size 5,800 Sqft

Property Sub-Type Single Family Residence

Property Description

Exceptional investment opportunity in the heart of Little Havana! This income-producing multifamily property features two detached buildings with six fully renovated 2-bedroom, 1-bathroom units, generating $13,200 in monthly rental income and $158,400 in annual gross income. Offered at $1,650,000, the property delivers an estimated $105,304.50 Net Operating Income (NOI) and an approximate 6.38% capitalization rate based on current operating expenses.

Ownership has invested over $200,000 in capital improvements, helping reduce near-term maintenance concerns and providing a turnkey investment opportunity. Major upgrades include complete interior renovations (2022), new permitted roofs (2024), exterior stucco and paint (2024), roof-mounted mini-split HVAC systems (2024), plumbing improvements, and upgraded electrical infrastructure with new main service entries and meter boxes (2025/2026). The City of Miami's 40- and 50-year structural recertifications have also been completed and approved.

Ideally situated near Brickell, Downtown Miami, the Health District, and major employment and transportation corridors, this property offers convenient access to key destinations throughout Miami. With established rental income, extensive capital improvements, completed recertifications, and a central location in a high-demand rental market, this is an attractive opportunity for investors seeking income-producing multifamily real estate with long-term potential.

Location

State FL

County Miami-dade

Community Horners Addn

Area 41

Zoning 3901

Interior

Interior Features Second Floor Entry, First Floor Entry, Other

Heating Central

Cooling Central Air

Flooring Vinyl

Appliance Other, Refrigerator

Exterior

Exterior Feature Balcony, Lighting, Porch

Pool None

View Y/N No

View None

Roof Type Composition,Shingle

Street Surface Paved

Porch Balcony, Open, Porch

Garage No

Private Pool No

Building

Lot Description Flood Zone, < 1/4 Acre

Faces Southwest

Story 2

Sewer Public Sewer

Water Public

Architectural Style Detached, Other, Two Story

Level or Stories Two

Structure Type Block,Frame,Stucco

Others

Senior Community No

Restrictions No Restrictions

Tax ID 01-41-38-006-0180

Security Features Fire Sprinkler System

Acceptable Financing Cash, Conventional, Owner May Carry

Listing Terms Cash, Conventional, Owner May Carry

Special Listing Condition Listed As-Is

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12075866

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Sellstate 5 Star Realty

Nearby Locations

Maylene Gonzalez, P.A.

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

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500 SW 8th Ave