500 SW 8th Ave, Miami, FL, 33130
500 SW 8th Ave, Miami, FL, 33130 - Image 2500 SW 8th Ave, Miami, FL, 33130 - Image 3500 SW 8th Ave, Miami, FL, 33130 - Image 4500 SW 8th Ave, Miami, FL, 33130 - Image 5

500 SW 8th Ave, Miami, FL, 33130

12 bedrooms · 6 baths · 4,658 sq.ft.

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.

Information

Property typeSingle Family
Size4,658 sq.ft.
Plot size5,800 sqft
Year built1925
Stories2
Price per sq.ft.USD 354
Last sold2021-12-01
Last sold priceUSD 820,000
CountyMiami-Dade
ZIP code33130
LocationMiami, United States

USD 1,649,999

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Where it's located

Miami, United States

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