500 SW 8th Ave
Miami, FL 33130

Listed at $1,849,000

Details

  • MLS# A12004679
  • Residential - Single Family
  • Status Active
  • 12 Bedrooms
  • 6 full Bathrooms
  • 4,608 Square Feet
  • 0.133 acres
  • Built in 1925
  • Local Schools

Description

PRIME LITTLE HAVANA CASH FLOW ? STABILIZED 6-UNIT WITH ~$130K NOITurnkey investment opportunity in the heart of Little Havana. This fully renovated 6-unit multifamily property is 100% occupied and producing $13,900/month ($166,800/year) with a strong ~$130K NOI from day one.Built for durability and peace of mind, the property has already completed its 40 & 50-year recertifications and features recent upgrades throughout?minimizing deferred maintenance and maximizing investor confidence.Each unit is well-maintained and leased, offering immediate, consistent cash flow with a clean expense profile. Ideal for investors seeking a stable, low-management...read more asset in one of Miamis most in-demand rental markets.Investment Highlights:6 fully leased units (100% occupied)Strong in-place income: $13,900/monthApprox. $130K Net Operating IncomeRenovated property with completed recertificationsNo deferred maintenanceHigh-demand rental location with proven occupancyLocated just minutes from Brickell, Downtown Miami, and major transit corridors, this asset benefits from continued rental demand and long-term growth fundamentals.Opportunities like this?stabilized, renovated, and cash-flowing?are rare.Seller is motivated and seeking a quick, clean transaction.

Features

  • Central Air
  • Vinyl
  • Central
  • $24,355 Taxes
  • Municipal Water
  • Built in 1925
View All Features

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All Property Features

  • Property Type: Residential - Single Family
  • Community Features: None
  • Cooling: Central Air
  • Crops Included Y/N: No
  • Days on Site: 31
  • Exterior: Frame With Stucco
  • Exterior Features: None, Open Balcony
  • Flooring: Vinyl
  • Heating: Central
  • Home Style: Detached, Two Story, Other
  • Home Warranty Y/N: No
  • Interior Features: First Floor Entry, Second Floor Entry, Other
  • Lease Considered Y/N: No
  • Listing Terms: All Cash, Conventional
  • Lot Description: Less Than 1/4 Acre Lot
  • Lot Size: 0.13 Acres
  • Parcel#: 01-41-38-006-0180
  • Parking: None
  • Parking Notes: None
  • Patio/Porch: Open Balcony
  • Property Attached Y/N: No
  • Property Sub-Type: Single Family Residence
  • Roof Type: Composition Roll
  • Security: Fire Alarm
  • Sewer: Public Sewer
  • Special View Info: None
  • Taxes: $24,355
  • Water: Municipal Water
  • Year Built: 1925