500 SW 8th Ave, Miami, FL 33130

Listing Remarks — 500 SW 8th Ave, Miami, FL 33130

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.

Inside the Residence: 500 SW 8th Ave, Miami, FL 33130

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

Pool Private

No

Year Built Details

Resale

Direction Faces

Southwest

Building & Association Facts — 500 SW 8th Ave, Miami, FL 33130

Building Name

HORNERS ADDN

Building Area Total

4658

Building Area Units

Square Feet

Association

No

Security Features

Fire Sprinklers

Site, Views & Construction — 500 SW 8th Ave, Miami, FL 33130

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

Sewer

Public Sewer

Water Source

Municipal Water

New Construction

No

Tax & Parcel Record — 500 SW 8th Ave, Miami, FL 33130

Parcel Number

01-41-38-006-0180

Tax Annual Amount

$24,355

Tax Year

2,025

Tax Legal Description

HORNERS ADDN PB B-160 BEG NE COR LT 32 S45.87FT W84.40 FT S9FT W30.647FT N54.87FT E115. 04FT TO POB LOT SIZE IRREGULAR OR 25762-4021 06 2007

Zoning

3901

County Or Parish

Miami-Dade County

On the Map