West Miami Class A Multifamily

Asset Overview

This 230-unit new construction Class A multifamily property spans five buildings on 5.22 acres in West Miami's Coral Terrace submarket. The asset totals 212,175 rentable square feet with a unit mix of 82 one-bedroom and 146 two-bedroom residences, plus one retail space, one office, one clubhouse, and a resort-style pool.

Premium finishes throughout include stainless steel appliances, quartz countertops, and porcelain tile flooring. The property offers 395 parking spaces with 360 ground-level, 30 street-side, 15 covered, and 40 EV-ready spaces — a forward-looking amenity that commands rental premiums in this market.

Building Configuration

Building 1 contains 9 residential units plus 1 retail space. Building 2 contains 24 units. Building 3 contains 50 units plus the clubhouse. Building 4 contains 48 units plus the management office. Building 5 contains 100 units, representing the largest structure in the community.

Financial Performance

The property generates monthly effective gross income of $610,470 and annual net operating income of $4,444,638, representing a 4.8% capitalization rate at the asking price. Current pricing equates to $403,478 per unit and approximately $438 per square foot.

Market Context

Miami's multifamily market continues to outperform national benchmarks, driven by sustained population influx from high-tax states, limited new supply relative to demand, and Florida's favorable tax environment. Class A product in established neighborhoods commands premium rents with institutional tenant profiles and minimal concession pressure.

Coral Terrace offers proximity to major employment centers, Coral Gables, Miami International Airport, and downtown Miami while maintaining a residential neighborhood character that appeals to families and young professionals.

Investment Thesis

Institutional-quality stabilized product at this scale is rarely available off-market. The asset represents a core hold for investors seeking predictable cash flows in a high-growth market with limited downside risk. Tokenization enables broader participation in trophy assets typically reserved for pension funds, insurance companies, and sovereign wealth vehicles.