500 SW 8th AVE, Miami, FL 33130
- Beds
- 12
- Baths
- 6
- Sqft
- 4,608
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Overview
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
Location
Full feature list
Basic info
- Property type
- House
- Number of bedrooms
- 12
- Number of bathrooms
- 6
- Square feet
- 4,608
- Lot size (acres)
- 0.13
- Year built
- 1925
Exterior features
- Horse amenities
- Stable
Utilities
- Heating
- Central
- Cooling
- Central Air
- Sewer
- Public Sewer
- Water
- Water
Taxes
- Tax Annual Amount (2025)
- $24,355
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: MIAMI REALTORS MLS MLS®#: A12004679 Last checked: …
