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West Perrine Apartments 10500 172nd st 22 Unit Apartment Building $13,062,119 CAD ($593,733 CAD/Unit) 5.78% Cap Rate Miami, FL 33157



Investment Highlights
- Excellent Location
- Strong Rental Market
- Strong Demographics
- Build-Out & Amenities
- Miami Dade MSA Amenities
Executive Summary
Horvath & Tremblay is pleased to present the exclusive sale of West Perrine Apartments by BlueNest, a new construction multi-family investment property located at 10500 SW 172nd Street in Miami, Florida (“the Property”). With an anticipated completion date in early 2027, West Perrine Apartments by BlueNest will be a two-story multi-family property containing twenty-two (22) residential units comprised of eight (8), 2-Bedroom/2-Bathroom units and fourteen (14), 3-Bedroom/2-Bathroom units with 20,874 square feet of living area on a 0.68-acre corner parcel of land. The new construction Property offers an attractive and modern architectural design, large, spacious units with open floor plans, in-unit laundry, private patios or balconies, and condo-quality finishes. West Perrine Apartments by BlueNest will also offer twenty-two (22) on-site parking spaces for residents. West Perrine Apartments by BlueNest is situated in an excellent location on a residential street in Miami’s West Perrine neighborhood. The Property is 0.8 miles from S Dixie Highway (US Route 1) and 1.5 miles from the Florida Turnpike, both of which offer outstanding regional connectivity throughout Miami and to the broader South Florida market. The Property enjoys proximity to an appealing array of retailers, restaurants, bars, and service amenities along US Route 1 and at the Southland Mall and The Falls, just a few miles away. West Perrine Apartments by BlueNest is convenient to the municipal bus line, major roads and offers proximity to major attractions and points of interest in the area including Zoo Miami, Deering Point, Jackson South Medical Center, Homestead Air Reserve Base, Homestead-Miami Motor Speedway, Biscayne Bay, Miami Executive Airport and Downtown Miami.
Property Facts
| Price | $13,062,119 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $593,733 CAD | Building Class | B |
| Sale Type | Investment | Building Size | 20,874 SF |
| Cap Rate | 5.78% | No. Stories | 2 |
| No. Units | 22 | Year Built | 2026 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $13,062,119 CAD |
| Price Per Unit | $593,733 CAD |
| Sale Type | Investment |
| Cap Rate | 5.78% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Building Size | 20,874 SF |
| No. Stories | 2 |
| Year Built | 2026 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Walking/Biking Trails
- Public Transportation
- Walk-Up
- Smoke Detector
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
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West Perrine Apartments | 10500 172nd st
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