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  • Type
  • Single Family Residence
  • 12
  • Bedrooms
  • 6
  • Bathrooms
  • 0
  • Garage
  • 4608 Sq Ft
  • Area Size
Active Residential Active
500 SW 8th AVE, Miami FL 33130 | Miami-Dade County | A12004679
  • $1,680,000

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.

Property Overview

This 1925 single-family home, built in the Horners Addn subdivision of Miami, is a 4,608 sqft property with 12 bedrooms and 6 full baths. It is offered for sale at $1,749,999. The public listing describes this as a turnkey, fully renovated 6-unit multifamily property in Little Havana, currently 100% occupied and producing $13,900 in monthly income. The property has completed its 40 and 50-year recertifications and is presented as a stabilized investment with an approximate net operating income of $130,000. For further details, please call 305-859-4733.

Frequently Asked Questions

What is the property type and current income?

This is a 6-unit multifamily property for sale. It is 100% occupied and generating $13,900 per month, or $166,800 per year, in gross rental income with an approximate Net Operating Income of $130,000.

What is the condition and renovation status of the property?

The property has been fully renovated. It has already completed its required 40-year and 50-year building recertifications, and the listing notes there is no deferred maintenance, presenting a turnkey investment.

What are the basic property details like size and bedrooms?

The single-family building was built in 1925 and has a total living area of 4,608 square feet. The listing describes it as a 6-unit building but notes 12 bedrooms and 6 full bathrooms in the provided facts. The asking price is $1,749,999.

Where is the property located?

The property is located at 500 SW 8th Ave in Miami, FL 33130, in the Little Havana neighborhood. The subdivision and building are both listed as HORNERS ADDN.

Who is this property suited for?

Based on the public description, this is positioned as an investment opportunity for buyers seeking immediate, stabilized cash flow with minimal management in a high-demand rental market like Little Havana.

Monthly Fees & Carrying Costs

  • Membership Required: No

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Address

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  • Address: 8th AVE
  • City: Miami
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33130
  • Area: HORNERS ADDN

Details

Updated on August 18, 2026 at 11:45 am
  • Property ID A12004679
  • Price $1,680,000
  • Property Size 4608 Sq Ft
  • Bedrooms 12
  • Room 0
  • Bathrooms 6
  • Garage 0
  • Year Built 1925
  • Type Single Family Residence
  • Property Status Active, Residential

Additional details

  • Flooring Vinyl
  • Bedroom Features Other
  • Cooling Central Air
  • Association Type None
  • Building HORNERS ADDN
  • Area Horners Addn
  • Annual Tax 24355
  • Association No
  • Private Pool No
  • Listing Terms All Cash, Conventional
  • Waterfront No
  • Full Bathrooms 6
  • Subdivision HORNERS ADDN
  • Restrictions No Restrictions
  • Parking None
  • Heating Central
  • Structure Type R30-No Pool/No Water, House
  • Tax Year 2025
  • Construction Frame With Stucco
  • Building Area 4608
  • Covered Spaces 0
  • View None
  • Year Built Details Resale
  • Half Bathrooms 0
  • Flood Zone AE
  • Patio / Porch Open Balcony
  • New Construction No
  • Garage Spaces 0
  • Style R30-No Pool/No Water
  • Lot Size (Sq Ft) 5800
  • Membership Purchase Required No

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