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Connie Davy

conniedavy67@gmail.com +1(561) 385-1309

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Active

500 SW 8th AVE Miami, FL 33130

12 Beds

6 Baths

4,608 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,608 sqft

Subdivision Horners Addn

MLS Listing ID A12004679

Style Other

Bedrooms 12

Full Baths 6

Construction Status Resale

HOA Y/N No

Year Built 1925

Annual Tax Amount $24,355

Tax Year 2025

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type Single Family Residence

Property Description

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

Location

State FL

County Miami-dade

Area 2410

Interior

Interior Features Other

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplace No

Exterior

Exterior Feature Balcony, None, Outdoor Living Area

Amenities Available None

Water Access Desc Public

Porch Open, Balcony

Garage No

Private Pool No

Building

Faces Southwest

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Resale

Schools

Elementary Schools Riverside (Miami-Dade)

Middle Schools Jose De Diego

High Schools Booker T. Washington

Others

Pets Allowed No

Senior Community No

Tax ID 0141380060180

Security Features Fire Alarm

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listed As-Is

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12004679

Listed by Joey Fumero-Manso Sellstate 5 Star Realty

Connie Davy

Broker Associate

+1(561) 385-1309

Connie Davy

500 SW 8th AVE Miami, FL 33130

Key Details

Location

Interior

Exterior

Building

Schools

Others

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500 SW 8th AVE

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