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Save Now Realty
500 SW 8th Avenue, Miami, FL 33130
- $1,649,999
- 12
- BD
- 6
- BA
- 4,658
- SqFt
- List Price
- $1,649,999
- Days on Market
- 77
- MLS#
- A12075866
- Bedrooms
- 12
- Full Bathrooms
- 6
- Sq. Ft
- 4,658
- Subtype
- Single Family Residence
- County
- Miami-Dade
- Subdivision
- Horners Addn
- Year Built
- 1925
Property Description
Exceptional investment opportunity in the heart of Little Havana! This income-producing multifamily property features two detached buildings with six fully renovated 2-bedroom, 1-bathroom units, generating $13,200 in monthly rental income and $158,400 in annual gross income. Offered at $1,650,000, the property delivers an estimated $105,304.50 Net Operating Income (NOI) and an approximate 6.38% capitalization rate based on current operating expenses.Ownership has invested over $200,000 in capital improvements, helping reduce near-term maintenance concerns and providing a turnkey investment opportunity. Major upgrades include complete interior renovations (2022), new permitted roofs (2024), exterior stucco and paint (2024), roof-mounted mini-split HVAC systems (2024), plumbing improvements, and upgraded electrical infrastructure with new main service entries and meter boxes (2025/2026). The City of Miami's 40- and 50-year structural recertifications have also been completed and approved.Ideally situated near Brickell, Downtown Miami, the Health District, and major employment and transportation corridors, this property offers convenient access to key destinations throughout Miami. With established rental income, extensive capital improvements, completed recertifications, and a central location in a high-demand rental market, this is an attractive opportunity for investors seeking income-producing multifamily real estate with long-term potential.
Additional Information
- Construction
- Block, Frame, Stucco
- Cooling
- Central Air
- Equipment
- Other
- Flooring
- Vinyl
- Heating
- Central
- Restrict
- No Restrictions
- Roof
- Shingle
- Security
- Fire Sprinkler System
- Taxes
- $24,355
- Stories
- 2
- Acres
- 0.13
- Price Per Sqft
- $354
- Elementary School
- Riverside (Miami-Dade)
- Middle School
- Jose De Diego
- High School
- Booker T. Washington
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Listing courtesy of Sellstate 5 Star Realty. Contact:
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Joey Fumero-Manso | Email: jfumero.re@gmail.com