500 Sw 8th Ave, Miami, FL 33130

$1,680,000
: 12
BD
: 6
BA
: 4,608
SqFt

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List Price: $1,680,000
Price Change: ▼ $69,999 1785622238
MLS#: A12004679
Bedrooms: 12
Bathrooms: 6
Sq. Ft: 4,608
Lot Size: 5,800
Subtype: Single Family Residence
County: Miami-Dade
Community: Horners Addn
Subdivision: Horners Addn
Year Built: 1925

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Property Description

TURNKEY LITTLE HAVANA MULTIFAMILY | 6.85% CAP RATE Exceptional investment opportunity in the heart of Little Havana! This premium 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 strong Net Operating Income (NOI) of $115,144.50, delivering an attractive 6.85% cap rate at the $1,680,000 asking price. Ownership has invested over $200,000 in recent capital improvements, minimizing future capital expenditures and providing true turnkey ownership. 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 added buyer confidence, the City of Miami 40- and 50-year structural recertifications have been fully completed and approved, offering significant peace of mind. Ideally located just minutes from Brickell, Downtown Miami, and the Health District, this asset benefits from one of Miami's strongest and most resilient rental markets. Whether you're completing a 1031 exchange, expanding a private portfolio, or seeking a stabilized, cash-flowing investment, this property offers immediate, optimized income from day one with minimal deferred maintenance.

(954) 702-2757

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