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$ 1,899,999
Est. payment /mo
Price Dropped by $150K
500 SW 8th AVE Miami, FL 33130
4,608 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,608 sqft
Price per Sqft $412
MLS Listing ID 2025025098
HOA Y/N No
Year Built 1925
Annual Tax Amount $22,803
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Source Florida Gulf Coast
Land Area 4608
Property Description
PRICED TO SELL!!!!PRIME LITTLE HAVANA INVESTMENT: Fully Renovated 6-Unit Multifamily with 6.72% Cap Rate! A rare and fantastic turn-key investment opportunity in the heart of vibrant Little Havana! This fully renovated, stable 6-unit multifamily building generates an impressive $13,850 per month in rental income, translating to a strong 6.72% Capitalization Rate. The property is built for durability and compliance: 40-Year Recertification is complete (2025), the roof was replaced in 2024 (with permit), and all A/C units/mini-splits were updated in 2023. 5 spacious 2-Bed/1-Bath units and 1 large 3-Bed/1-Bath unit, totaling 4,608 SF of living space. Located in a high-demand, appreciating area, this property is the perfect investment for a stable income stream and long-term appreciation.
Location
State FL
County Miami-dade
Zoning 3901
Interior
Cooling true
Inclusions Building And Land
Fireplace No
Exterior
Utilities Available Electricity Connected, Other, Water Connected
Waterfront Description None
Garage No
Building
Story 2
Level or Stories 2
New Construction No
Others
Senior Community No
Tax ID 01-4138-006-0180
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2025025098
Listed by Re/Max Destination Realty • Joey Fumero-Manso