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31509135
31509136

10500 SW 172nd St, Miami, FL 33157

Horvath & Tremblay
KF
Fl : BK672851, FL: BK672851
Horvath & Tremblay
Listed by Horvath & Tremblay
$9,500,000
78 days on market
Updated 25 days ago
Opportunity zone

West Perrine Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 20,874
Net Rentable (SqFt) 20,874
Units 22
Cap Rate 5.78%
NOI $548,852
Price per SqFt $455
Year Built 2027
Buildings 1
Stories 2
Acreage 0.680
Parking Spaces 22 spaces
Parking Per SqFt 1.05
Ownership Fee Simple

Multifamily | 22 Units | $431,818/unit

Marketing description

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.

Investment highlights

EXCELLENT LOCATION

West Perrine Apartments by BlueNest enjoys an outstanding location at the intersection of SW 172nd Street and SW 105th Avenue in a quiet residential enclave. West Perrine Apartments by BlueNest is a short walk from West Perrine Park and is 0.8 miles from S Dixie Highway (US Route 1), the area’s primary commercial and commuter corridor, 1.5 miles from the Florida Turnpike, and convenient to State Roads 992, 994 and 825, offering strong regional connectivity. The location offers ease of access to area schools, major retailers (The Falls, Southland Mall, Walmart Supercenter and Target), grocers, restaurants, employment hubs, and public transportation (several bus routes). The Property is close to Jackson South Medical Center, Monkey Jungle, Zoo Miami, Homestead Air Reserve Base, Miami Executive Airport and the shores of Biscayne Bay.

BUILD-OUT & AMENITIES

The new construction apartment building will be completed in early 2027. The two-story building will feature a modern and attractive architectural design and will offer twenty-two (22) on-site parking spaces. The new construction apartment building will be completed with condo quality finishes throughout. The units feature open floor plans, kitchens with white cabinets, stone countertops, tile flooring throughout, upgraded bathrooms with high end finishes, in-unit laundry hook-ups (washer and dryer), large closets, and brand new, top-of-the-line split AC systems, ensuring optimal comfort and energy efficiency year-round. Additionally, each unit features a private patio or balcony and is separately metered for electricity, heat & air-conditioning, hot water and domestic water and sewer.

STRONG RENTAL MARKET

The Property is situated within a strong rental market with proximity to Downtown Miami, Homestead, Kendall, Coral Gables, and numerous prominent area employers and attractions creating high demand and low vacancies.

MIAMI DADE MSA AMENITIES

Miami-Dade is one of the state’s – and the world’s – most popular vacation spots. The trendy nightlife of South Beach and the excitement of the Art Deco District. The bustle of Calle Ocho and the highly caffeinated energy of Little Havana. The plush hotels of Miami Beach and the historic hideaways of Coral Gables. Seemingly endless shopping opportunities in modern, sprawling malls and the quiet, personal attention offered by the family-owned shops of Coconut Grove and many other corners of the region. The lures of deep-sea fishing and golf and tennis, major league football, basketball, hockey and baseball, boat shows and auto racing, art festivals, outdoor food, and wine extravaganzas, an international airport and the world’s busiest cruise port – the Miami area offers all of this – and so much more.

Miami-Dade’s beaches, boating and fishing offer opportunities for year-round recreational pursuits. There are miles of popular beaches along the Atlantic Ocean and Biscayne Bay, from Sunny Isles Beach through Key Biscayne and south to Homestead’s Bayfront Park. Just offshore is Biscayne National Park, and to the west is Everglades National Park, making Miami-Dade one of the only communities in the U.S. to have two of these national treasures. Golf and tennis are among the many other outdoor recreational activities that Miami-Dade residents enjoy year-round. The region also has an extensive network of parks and other recreational facilities, as well as an extensive network of bicycle lanes that run throughout Miami-Dade County.

DEMOGRAPHICS

Over 19,100 people live within 1 mile of the Property and an impressive 136,400+ people live within 3-miles of the Property with an average household income of $116,507. Additionally, there are over 51,300 employees within 3 miles of the Property.

Listing Contacts

Horvath & Tremblay
KF
Fl : BK672851, FL: BK672851
Horvath & Tremblay
Listed by Horvath & Tremblay

Valuation Calculator

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$548,852.00
$45,737.67/mo

Valuation Metrics

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DSCR
5.78%
Cap Rate
5.78%
ROI

Map

Zoning

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PECUC SpecialPerrine Community Urban Center
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Last updated May 13, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
ETHAN COLE
License
BK3382287
Title
Broker of Record
Name
Alejandro Gonzalez
License
SL3249949
Brokerage
Horvath & Tremblay
Brokerage Phone
9546783780
Brokerage Address
200 East Las Olas Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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