Newly Developed 4-Story Multifamily Asset in the Heart of Miami 650 SW 1st St is a newly constructed, 4-story multifamily property located in Miami’s rapidly growing urban core, just minutes from Brickell, Downtown Miami, and major transportation corridors. The building offers modern construction, efficient unit layouts, and strong long-term rental fundamentals in one of South Florida’s most in-demand submarkets. Designed with durability and operational efficiency in mind, the property features contemporary architecture, high-quality materials, and systems consistent with new-build standards. Its central location provides convenient access to employment centers, entertainment, dining, and public transit, making it highly attractive to both tenants and investors. This asset presents an excellent opportunity for investors seeking a low-maintenance, stabilized multifamily property with upside potential in rental growth, located in a supply-constrained market with strong population and job growth.