500 SW 8th AVE, Miami FL 33130
500 8th AVE, Miami, FL, 33130
500 8th AVE, Miami, FL, 33130Details
- Date added: Added 2 months ago
- Category: Single Family Residence
- Type: Residential
- Status: Active
- Bedrooms: 12
- Bathrooms: 6
- Half baths: 0
- Total rooms: 0
- Area: 4608 sq ft
- Lot size: 5800 sq ft
- SubdivisionName: HORNERS ADDN
- ListOfficeName: Sellstate 5 Star Realty
- GarageSpaces: 0
- View: None
- ListAOR: Miami Association of REALTORS®
- MLS ID: A12004679
Overview
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Description:
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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Amenities
- Features:
- Security Features: Fire Alarm
- CommunityFeatures: None
- ExteriorFeatures: None, Open Balcony
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- Cooling System: Yes
- PoolPrivateYN: No
- FireplaceYN: No
Location
Video
- Virtual Tour: https://www.propertypanorama.com/instaview/mia/A12004679
Building Details
- Cooling features: Central Air
- Year built: 1925
- ArchitecturalStyle: Detached, Two Story, Other
- NewConstructionYN: No
- Building Name: HORNERS ADDN
- Exterior material: Frame With Stucco
- Roof: Composition Roll
- Heating: Central
- Parking: None