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28796049
28796051

500 SW 8th Ave, Miami, FL 33130

$1,899,999
180 days on market
Updated 140 days ago

N/A

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,608
Net Rentable (SqFt) 4,608
Units 6
Cap Rate 6.72%
NOI $127,617
Occupancy 100%
Price per SqFt $412
Broker Co-Op Yes
Year Built 1925
Year Renovated 2025
Buildings 2
Stories 2
Lot Size (SqFt) 5,800
Zoning 3901
Parking Spaces spaces
Investment Type Stabilized
Occupancy Date 01/04/2024

PRIME LITTLE HAVANA INVESTMENT: Fully Renovated 6-Unit Multifamily with 5.94% Cap Rate!

Marketing 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

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$127,617.00
$10,634.75/mo

Valuation Metrics

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DSCR
6.72%
Cap Rate
6.72%
ROI

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