500 SW 8th Ave, Miami, FL 33130

Miami
Local realty services provided by:Better Homes and Gardens Real Estate Destinations
500 SW 8th Ave,Miami, FL 33130
$1,649,999
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  • 12 Beds
  • 6 Baths
  • 4,658 sq. ft.
  • Single family
  • Active
Listed by: joey fumero-manso
Office: sellstate 5 star realty239-491-2430
MLS#:A12075866
Source:SEFMLS

Price summary

  • Price:$1,649,999
  • Price per sq. ft.:$354.23

About this home

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...

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Home facts

  • Year built:1925
  • Subdivision & Development:HORNERS ADDN
  • Listing ID #:A12075866
  • Updated:September 28, 2026 at 10:06 AM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:6
  • Full bathrooms:6
  • Flooring:Vinyl
  • Kitchen Description:Refrigerator
  • Living area:4,658 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Composition, Shingle
  • Year built:1925
  • Building area:4,658 sq. ft.
  • Lot area:0.13 Acres
  • Architectural Style:Detached, Two Story
  • Construction Materials:Block, Frame, Stucco
  • Exterior Features:Balcony, Open, Porch
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,649,999
  • Price per sq. ft.:$354.23
  • Tax amount:$24,355 (2025)

Features and amenities

  • Appliances:Refrigerator
  • Amenities:Balcony, Fire Sprinkler System, Lighting

Parking

  • Parking description:Driveway, On Street
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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