500 SW 8th AVE, Miami FL 33130

HORNERS ADDN

$1,749,999
12 Bedrooms
6 Bathrooms
4,608 SQFT
$380 / SQFT

Request Information

Thomas Pichet
Thomas Pichet
+1 561-945-4345
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$1,749,999
500 SW 8th AVE, Miami FL 33130
HORNERS ADDN
12 Beds
6 Baths
4,608 SQFT

Key Information

Lot Size 5,800 sqft
Year Built 1925
City Miami
Neighborhood The Roads
Price/sqft $380/sqft
DOM 87 Days
MLS # A12004679
Status Active

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

Property Information

  • Price: $1,749,999
  • Prices/sqft: $380/sqft
  • Tax Year: 2025
  • Tax annual amount: $24,355

  • Property subtype : Single Family Residence
  • Property type : residential
  • MLS # : A12004679
  • Front Exposure: Southwest
  • Stories: 2
  • View: None

  • Design Description: Detached, Other, Two Story
  • Construction: Frame,Stucco
  • Year Built Details: Resale

  • Pool Features: None

  • City: Miami
  • County: Miami-Dade
  • State: FL
  • Parcel Number: 01-41-38-006-0180
  • Subdivision Complex Bldg: HORNERS ADDN
  • Zoning Information: 3901

  • Garage Spaces: 0.0
  • Parking Description: None
  • Carport Spaces: 0.0

  • Heating Description: Central
  • Cooling Description: Central Air
  • Water Description: Public
  • Sewer Description: Public Sewer

  • Room Count: 0
  • Interior Features: Second Floor Entry, First Floor Entry, Other
  • Exterior Features: Balcony, None
  • Patio and Porch Features: Balcony, Open

Contact

Thomas Pichet
Thomas Pichet
CEO & Broker
+1 561-945-4345
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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