Antoinette Bressler - Arterra Realty Logo
$1,649,999
 $8,858 est/mo Sourced by Back At You

500 SW 8th Avenue,Miami, FL 33130

Miami, FL 33130

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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 located near Brickell, Downtown Miami, the Health District, and major employment and transportation corridors, the property benefits from strong rental demand and long-term appreciation potential associated with Miami's continued growth and development.A stabilized multifamily asset with established income, extensive recent improvements, completed recertifications, and a central Little Havana location.

Details

MLS #A12075866
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1925
Days On Site64
Listing Provided BySellstate 5 Star Realty | Joey Fumero-Manso

Features

Bed(s)12
Bath(s) 6 Total
SQ Feet4,658
Story(s)2
Zoning3901
Acreage0.13

Parking

Garage Yes / NoNo
Parking FeaturesDriveway, On Street

Taxes

Tax Annual Amount24355

Area Information

StateFL
CountyMiami Dade
CityMiami
Zip Code33130
Area2410
Community NameHORNERS ADDN
Listing VS Median (in HORNERS ADDN)
Price:
$1,649,999
low | high
Med:
$826,650
99.899999939394% of Average
sqft:
4,658
low | high
Med:
3,532
74.173465006441% of Average
$ / sqft:
$354
low | high
Med:
$178
99.806400547671% of Average
On site:
64
low | high
Med:
52.5
100% of Average
Sourced by Back At You

Market Activity 33130

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Learn More About This Property

Antoinette Bressler

Antoinette Bressler

Arterra

 (586) 441-0896antoinette@arterraluxe.com
StateFL
CountyMiami Dade
CityMiami
Zip Code33130
Area2410
Community NameHORNERS ADDN
Listing VS Median (in HORNERS ADDN)
Price:
$1,649,999
low | high
Med:
$826,650
99.899999939394% of Average
sqft:
4,658
low | high
Med:
3,532
74.173465006441% of Average
$ / sqft:
$354
low | high
Med:
$178
99.806400547671% of Average
On site:
64
low | high
Med:
52.5
100% of Average
Sourced by Back At You
Listing Updated: September 28, 2026 at 9:57:01 PM PDT