500 SW 8th Ave, Miami, FL 33130
500 SW 8th Ave, Miami, FL 33130
500 SW 8th Ave, Miami, FL 33130
27
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$1,649,999
Est. payment /mo
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12 Beds
6 Baths
4,658 SqFt
Active

500 SW 8th Ave Miami, FL 33130

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Sammy Hernandez

Sammy Hernandez

+1(786) 203-8671

UPDATED:

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 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 Net Operating Income (NOI) of $115,144.50, representing an approximate 6.98% cap rate based on a $1,649,000 purchase price.

Ownership has invested over $200,000 in recent capital improvements, helping minimize future capital expenditures and offering a turnkey ownership opportunity. 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 additional confidence, the City of Miami 40- and 50-year structural recertifications have been fully completed and approved. Ideally located near Brickell, Downtown Miami, the Health District, and major employment and transportation corridors, the property benefits from strong rental demand and long-term appreciation potential associated with Miami's continued growth and development.

A stabilized multifamily asset with established income, extensive recent improvements, completed recertifications, and a central Little Havana location.

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 < 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 SCHOOL & BUSINESS

Sammy Hernandez

+1(786) 203-8671

sammysellsmiami@gmail.com

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500 SW 8th Ave

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