USAFLMiami500 Sw 8Th Ave
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$1,680,000

For Sale

4 months ago

500 Sw 8Th Ave, Miami, FL

House

MLS® A12004679

12 Bed

6 Bath

4608 sqft

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  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 4608 sqft
Garage 
Taxes $24,355
Days Active 124
Lot Size 5800 SF
Approx. Age 1925
Avg. Price Per Sqft $364
MLS® Number A12004679

Property Address: 500 Sw 8th Ave, Miami, FL, 33130

Average square foot calculated using Size range provided by listing agent.

Description

TURNKEY LITTLE HAVANA MULTIFAMILY | 6.85% CAP RATE Exceptional investment opportunity in the heart of Little Havana! This premium 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 strong Net Operating Income (NOI) of $115, 144.50, delivering an attractive 6.85% cap rate at the $1, 680, 000 asking price. Ownership has invested over $200, 000 in recent capital improvements, minimizing future capital expenditures and providing true turnkey ownership. 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 added buyer confidence, the City of Miami 40- and 50-year structural recertifications have been fully completed and approved, offering significant peace of mind. Ideally located just minutes from Brickell, Downtown Miami, and the Health District, this asset benefits from one of Miami's strongest and most resilient rental markets. Whether you're completing a 1031 exchange, expanding a private portfolio, or seeking a stabilized, cash-flowing investment, this property offers immediate, optimized income from day one with minimal deferred maintenance.
MLS® NumberA12004679
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1925
Basement
DrivewayNone
Garage Spaces
HeatCentral
A/CCentral Air

Extras

Rooms

Change to metres

Other:Not available
Living Room:Not available

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 21, 2026List Date
$1,649,999List Price
-End Date
Not Sold YetSold Price

For Sale

Apr 20, 2026List Date
$1,680,000List Price
  • Commute

Commute

Starting Address
Destination Address
500 Sw 8Th Ave, Miami, FL

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