500 SW 8th Ave, Miami, FL 33130

About This Home

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.

Property Details

Bathrooms Full

6

Bathrooms Half

0

Interior Features

First Floor Entry, Second Floor Entry, Fire Sprinklers, Other

Appliances

Other Equipment/Appliances, Refrigerator

Flooring

Vinyl

Heating

Central

Cooling

Central Air

Architectural Style

Detached, Two Story, Other

Garage Spaces

0

Parking Features

Driveway, Other, On Street

Building & Association

Building Name

HORNERS ADDN

Association

No

Security Features

Fire Sprinklers

Lot & Construction

Lot Features

Less Than 1/4 Acre Lot

Lot Size Square Feet

5,800

Waterfront

No

View

None

Construction Materials

Concrete Block Construction, Frame With Stucco

Roof

Composition Roll, Shingle

Exterior Features

Lighting, Open Balcony

New Construction

No

Public Records

Parcel Number

01-41-38-006-0180

Tax Annual Amount

$24,355

Tax Year

2,025

Zoning

3901

County Or Parish

Miami-Dade County

Location