500 SW 8th, Miami, FL 33130
- $1,649,999
- 12
- BD
- 6
- BA
- 4,658
- SqFt
- List Price
- $1,649,999
- MLS#
- A12075866
- Bedrooms
- 12
- Bathrooms
- 6
- Sq. Ft
- 4,658
- Lot Size
- 5,800
- Subtype
- Detached
- County
- Miami-Dade
- Subdivision
- Horners Addn
- Region
- 2410
- Year Built
- 1925
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 l
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Additional Information
- Heating
- Central
- Cooling
- Central Air
- Roof
- Composition, Shingle
- Sewer
- Public Sewer
- Water
- Public
- Exterior Features
- Balcony, Porch
- Flooring
- Vinyl
- Construction
- Block, Frame, Concrete, Stucco
- Living Area
- 4,658
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Listing courtesy of Sellstate 5 Star Realty. Contact: