500 SW 8th Ave, Miami FL 33130

Description of 500 SW 8th Ave, Miami FL 33130

Exceptional investment opportunity in the heart of Little Havana. This 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 Net Operating Income (NOI) of $115,144.50, representing an approximate 6.98% cap rate based on a $1,649,000 purchase price. Ownership has invested over $200,000 in recent capital improvements, helping minimize future capital expenditures and offering a turnkey ownership opportunity. 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 additional confidence, the City of Miami 40- and 50-year structural recertifications have been fully completed and approved. Ideally located near Brickell, Downtown Miami, the Health District, and major employment and transportation corridors, the property benefits from strong rental demand and long-term appreciation potential associated with Miami's continued growth and development. A stabilized multifamily asset with established income, extensive recent improvements, completed recertifications, and a central Little Havana location.

Property Details for 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 Information for 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

Property Information for 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

Public Records for 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

Location