500 SW 8th Avenue, Miami, FL 33130
- Beds
- 12
- Baths
- 6
- Living Area
- 4,608 SF
- Year Built
- 1925
- $/SF
- $380
- Type
- SingleFamilyResidence
- DOM
- 81
12 bed · 6 bath · 4,608 sqft · Built 1925
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
- Property type
- SingleFamilyResidence
- Condition
- Resale
- Year built
- 1925
- Stories
- 2
- Subdivision
- HORNERS ADDN
- Waterfront
- No
- Private pool
- No
- Parcel number
- 0141380060180
- Annual tax
- $24,355
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Listing data sourced from BeachesMLS / Trestle. All information herein is deemed reliable but is not guaranteed and should be independently verified. Information last updated 7/11/2026. Represented by Eleven Realty Partners, LLC d/b/a XI Realty · Equal Housing Opportunity.