10500 SW 172nd St - Apartments FOR SALE


Miami, FL 33157- West Perrine
$9,500,000 USD
954-678-3780
10500 SW 172nd St, Miami, FL for Sale
$9,500,000 USD
Apartments - FOR SALE
1/12
null | 5.78% Cap Rate

10500 SW 172nd St
Miami, FL 33157
West Perrine


HIGHLIGHTS

  • New December 2026 delivery provides investors with a modern multifamily asset designed to minimize near-term capital expenditure requirements.
  • Three-bedroom units comprise 64% of the property, positioning the asset to capture demand from households seeking larger rental accommodations.
  • Active pre-leasing interest from prospective tenants demonstrates early market demand and may support occupancy stabilization shortly after delivery.
  • Opportunity Zone designation provides an additional investment consideration while positioning the asset within a growing South Miami-Dade submarket.
  • Condo-quality finishes, impact-resistant windows, private outdoor space, and in-unit laundry support resident retention and long-term competitiveness.
  • Favorable demographic trends, projected population growth, and a substantial renter base provide a strong foundation for occupancy stability.

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of West Perrine Apartments by BlueNest, a newly constructed 22-unit multifamily investment opportunity located at 10500 SW 172nd Street in Miami, Florida. Expected to deliver in December 2026, the property offers investors a modern apartment community positioned to benefit from continued demand for quality rental housing in South Miami-Dade County. The development’s unit mix, comprising 14 three-bedroom, two-bathroom residences and 8 two-bedroom, two-bathroom residences, serves households seeking larger rental accommodations, a segment often underserved by newer multifamily inventory. Situated on a 0.68-acre corner parcel, West Perrine Apartments by BlueNest contains 20,874 square feet of living area and offers the features and finishes expected in newly delivered housing. Spacious floor plans, in-unit laundry, private patios or balconies, impact-resistant windows, and condo-quality interiors enhance resident appeal and support long-term asset competitiveness. The property also provides 22 on-site parking spaces, benefits from an active pre-leasing pipeline that demonstrates early renter interest, and is available with financing. West Perrine Apartments by BlueNest benefits from convenient access to S Dixie Highway (US Route 1) and the Florida Turnpike, providing connectivity throughout Miami-Dade County and the broader South Florida region. Residents enjoy proximity to shopping, dining, entertainment, and daily conveniences along the US Route 1 corridor, as well as destinations including Southland Mall, The Falls, Zoo Miami, Jackson South Medical Center, Biscayne Bay, Miami Executive Airport (TMB), and Downtown Miami. Access to municipal transit and major employment centers further supports the property’s leasing profile and long-term demand drivers. The surrounding area is projected to exceed 147,000 residents by 2030, with average household incomes of approximately $106,100 and renters comprising roughly 40% of households. Opportunity Zone designation, new construction, demonstrated leasing interest, and favorable demographic trends position West Perrine Apartments by BlueNest to capitalize on sustained rental demand while offering investors a newly delivered asset with the potential to establish occupancy within a growing South Florida residential market. Note: Financial projections are based on pro forma operating assumptions; please view the Offering Memorandum and design guide in the Data Room for additional details.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$455 USD /SF

# OF UNITS

22

PRICE/UNIT

$431,818

CAP RATE

5.78%

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Perrine Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,258 SF

ZONING

3050

APN/PARCEL ID

30-5032-013-0950

ASK ABOUT THIS PROPERTY

Alejandro GonzalezHorvath & TremblayMore Info
954-678-3780

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Alejandro GonzalezHorvath & TremblayMore Info
954-678-3780

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.