500 SW 8th AVE, Miami, Florida 33130 USA

$1,680,000 Single Family MLS® A12004679

Beds
12
Baths
6

Living Area
4,608

HOA Fees
Year Built
1925

Subdivision
HORNERS ADDN
Community
HORNERS ADDN

About this Property

TURNKEY LITTLE HAVANA MULTIFAMILY | 6.85% CAP RATE Exceptional investment opportunity in the heart of Little Havana! This premium 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 strong Net Operating Income (NOI) of $115,144.50, delivering an attractive 6.85% cap rate at the $1,680,000 asking price. Ownership has invested over $200,000 in recent capital improvements, minimizing future capital expenditures and providing true turnkey ownership. 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 added buyer confidence, the City of Miami 40- and 50-year structural recertifications have been fully completed and approved, offering significant peace of mind. Ideally located just minutes from Brickell, Downtown Miami, and the Health District, this asset benefits from one of Miami's strongest and most resilient rental markets. Whether you're completing a 1031 exchange, expanding a private portfolio, or seeking a stabilized, cash-flowing investment, this property offers immediate, optimized income from day one with minimal deferred maintenance.

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Disclaimer

MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. This property is courtesy of Sellstate 5 Star Realty.

$1,680,000

Beds
12
Baths
6
Living Area
4,608
HOA Fees
Year Built
1925
Subdivision
HORNERS ADDN
Community
HORNERS ADDN

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