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500 SW 8th Ave, Miami, FL 33130

Miami
Local realty services provided by:CENTURY 21 Carioti
500 SW 8th Ave,Miami, FL 33130
$1,749,999
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  • 12 Beds
  • 6 Baths
  • 4,608 sq. ft.
  • Single family
  • Active
Listed by: joey fumero-manso
Office: sellstate 5 star realty239-491-2430
MLS#:A12004679
Source:SEFMLS

Price summary

  • Price:$1,749,999
  • Price per sq. ft.:$379.77

About this home

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

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Home facts

  • Year built:1925
  • Subdivision & Development:HORNERS ADDN
  • Listing ID #:A12004679
  • Updated:July 31, 2026 at 09:51 AM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:6
  • Full bathrooms:6
  • Flooring:Vinyl
  • Living area:4,608 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:1925
  • Building area:4,608 sq. ft.
  • Lot area:0.13 Acres
  • Architectural Style:Detached, Two Story
  • Construction Materials:Frame, Stucco
  • Exterior Features:Balcony, Open
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,749,999
  • Price per sq. ft.:$379.77
  • Tax amount:$24,355 (2025)

Features and amenities

  • Amenities:Balcony
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. SEFMLS Member Broker: Albert Carioti

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