Ad #7977537
MLS #A12004679
TURNKEY MULTIFAMILY IN LITTLE HAVANA - 6.58% CAP RATE! a premium
500 SW 8th AVE, Miami, Florida, 33130
$1,749,999
12Beds
6Baths
4,608Sqft
0.133Acres
About this property
TURNKEY MULTIFAMILY IN LITTLE HAVANA - 6.58% CAP RATE! a premium income asset features 2 detached buildings with a uniform mix of six fully renovated 2BR/1BA units. Operating with a lean 31.83% expense ratio, the property yields a strong $115,144.50 NOI at a $1,750,000 purchase price. Over $200k in recent capital upgrades eliminates near-term CapEx: full interior renovations (2022), new permitted roofs (2024), new exterior stucco/paint (2024), roof-mounted mini-split HVACs (2024), plumbing updates, and independent full electrical upgrades including new main service entries and meter boxes (2025/2026). BUYER PEACE OF MIND: City of Miami 40 & 50-year structural recertifications are fully approved and finalized. Unmatched location stability blocks from Brickell, Downtown, and the Health District. Perfect for 1031 exchange or private portfolio growth. Move immediately into optimized, stable cash flow from day one
Property Features
12 Beds
6 Baths
4,608 Sqft
Built in 1925
0.133 Acres
2 Stories
Siding: Frame, Stucco
Composition Roof
Central
$24,355 / yr property tax
Miami-Dade County
HORNERS ADDN Community
Additional Photos
Contact Information
Joey Fumero-Manso
Sellstate 5 Star Realty
786-400-6373
Location
Listing Agent: Joey Fumero-Manso (License #: 3480525) 786-400-6373
Broker: Sellstate 5 Star Realty 239-634-1198 Listing Site
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Sellstate 5 Star Realty 239-634-1198 Listing Site
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 24, 2026
Photo Gallery
$1,749,999
12
Beds
6
Baths
4,608
Sqft
500 SW 8th AVE, Miami, Florida, 33130
By contacting this agent you agree to these Terms and Conditions.
MLS# A12004679
TURNKEY MULTIFAMILY IN LITTLE HAVANA - 6.58% CAP RATE! a premium
$1,749,999
500 SW 8th AVE, Miami, Florida, 33130
12
Beds
6
Baths
4,608
Sqft
0.133
Acres
$1,749,999
500 SW 8th AVE, Miami, Florida, 33130
12 Beds
6 Baths
4,608 Sqft
0.133 Acres
TURNKEY MULTIFAMILY IN LITTLE HAVANA - 6.58% CAP RATE! a premium income asset features 2 detached buildings with a uniform mix of six fully renovated 2BR/1BA units. Operating with a lean 31.83% expense ratio, the property yields a strong $115,144.50 NOI at a $1,750,000 purchase price. Over $200k in recent capital upgrades eliminates near-term CapEx: full interior renovations (2022), new permitted roofs (2024), new exterior stucco/paint (2024), roof-mounted mini-split HVACs (2024), plumbing updates, and independent full electrical upgrades including new main service entries and meter boxes (2025/2026). BUYER PEACE OF MIND: City of Miami 40 & 50-year structural recertifications are fully approved and finalized. Unmatched location stability blocks from Brickell, Downtown, and the Health District. Perfect for 1031 exchange or private portfolio growth. Move immediately into optimized, stable cash flow from day one
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Property Details
HOME DETAILS
12 Beds
6 Baths
4,608 Sqft
Built in 1925
0.133 Acres
2 Stories
EXTERIOR
Siding: Frame, Stucco
Composition Roof
INTERIOR
Central
FINANCIAL & COMMUNITY
$24,355 / yr property tax
Miami-Dade County
HORNERS ADDN Community
See More Details
Location
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Ad Statistics
Ad Number
7977537
Viewed
21 times
Listing Status
Active
Added
Jun 30, 2026
Last Refresh
Jul 24, 2026 07:15:10 PM
Listing Information
Data Source
Miami REALTORS®
Source Property ID
A12004679
Listing Agent: Joey Fumero-Manso (License #: 3480525) 786-400-6373
Broker: Sellstate 5 Star Realty 239-634-1198 Listing Site
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Sellstate 5 Star Realty 239-634-1198 Listing Site
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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