500 SW 8th Ave, Miami, FL 33130
As of , this 12 bedroom, 6 bath house is for sale at $1,649,999 ($354 per sq ft). It was listed on .
MLS data updated .
Key facts
- Type
- House
- Year built
- 1925
- Property tax
- $24,355 (2025)
- Waterfront
- No
- Cooling
- Central Air
- Heating
- Central
- MLS number
- A12075866
Listing information
Listing courtesy of Sellstate 5 Star Realty, 239-491-2430, rleyva1@gmail.com
Listing agent: Joey Fumero-Manso, jfumero.re@gmail.com
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Listing last changed .
From the listing
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.
The text above is the listing description from the MLS, as written by the listing agent.
The Miami market
As of , the median asking price in Miami is $639,000, or $497 per sq ft, across 8,406 listings for sale. The median listing for sale there has been on the market for 90 days.
Price and status history
- Listing date
- Days on market
- 61
- Original list price
- $1,649,999
- Price changes
- 0
| Date | Event | Price |
|---|---|---|
| Listed | $1,649,999 |
From the MLS. RealVista does not show sold prices.