500 SW 8th AVE, Miami FL 33130
About this home
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
Features
- First Floor Entry
- Second Floor Entry
- Other
- None
- Open Balcony
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $8,849
- HOA
- None
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.