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Herman Weiss

importahw@gmail.com +1(561) 779-4660

$ 1,649,999

Est. payment -/mo

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500 SW 8th AVE Miami, FL 33130

12 Beds

6 Baths

4,658 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,658 sqft

Price per Sqft $354

Subdivision Horners Addn

MLS Listing ID A12075866

Style Other

Bedrooms 12

Full Baths 6

Construction Status Resale

HOA Y/N No

Total Fin. Sqft 4658

Year Built 1925

Annual Tax Amount $24,355

Tax Year 2025

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type Single Family Residence

Property Description

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.

Location

State FL

County Miami-dade

Area 2410

Zoning 3901

Direction Southwest

Interior

Interior Features Other

Heating Central

Cooling Central Air

Flooring Vinyl

Equipment Other

Fireplace No

Appliance Refrigerator

Exterior

Exterior Feature Balcony, Lighting, Outdoor Living Area

Parking Features Driveway, On Street

Water Access Desc Public

Roof Type Shingle

Street Surface Paved

Porch Open, Porch, Balcony

Road Frontage Public Road

Garage No

Private Pool No

Building

Faces Southwest

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories Two

Structure Type Block,Frame,Stucco

New Construction No

Construction Status Resale

Schools

Elementary Schools Riverside (Miami-Dade)

Middle Schools Jose De Diego

High Schools Booker T. Washington

Others

Senior Community No

Restrictions No Restrictions

Tax ID 0141380060180

Security Features Fire Sprinkler System

Acceptable Financing Cash, Conventional, Owner Will Carry

Membership Fee Required false

Listing Terms Cash, Conventional, Owner Will Carry

Special Listing Condition Listed As-Is

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12075866

Listed by Joey Fumero-Manso Sellstate 5 Star Realty

Schools and Properties Nearby

Herman Weiss

Agent | License ID: 3487390

+1(561) 779-4660 | importahw@gmail.com

Herman Weiss

500 SW 8th AVE Miami, FL 33130

Key Details

Location

Interior

Exterior

Building

Schools

Others

Schools and Properties Nearby

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500 SW 8th AVE