HIGHLAND 21 & 25

1165-1190 NW 8th Ave

Miami, FL 33136

Status:
Available
Price:
$12,800,000
Price/Unit:
$304,762
Net Rentable (SF):
19,865
Year Built:
2025
Lot Size:
11,782
Stories:
3

OFFERING MEMORANDUM:

INVESTMENT OVERVIEW

The Porosoff Group of Compass is pleased to exclusively present for sale Highland Park Residences, a brand-new 42-unit multifamily portfolio comprised of two adjacent buildings located at 1165
and 1190 NW 8th Avenue in Miami’s rapidly evolving Health District / Allapattah corridor.
Construction is substantially complete, with certificates of occupancy for both buildings anticipated within the next 30 to 60 days. The portfolio features new CBS construction across approximately 19,865 square feet of building area on a combined 11,782 square feet of land zoned T6-8. The unit mix consists of 36 studio apartments and 6 one-bedroom units, all finished with modern interiors including luxury vinyl plank flooring, stainless steel appliances, contemporary white cabinetry, and full-height glass windows with abundant natural light.
The property is ideally situated steps from the Culmer Metrorail Station, providing direct rail access to Brickell, Downtown Miami, and the Health District in under 15 minutes. This transit-oriented location, combined with proximity to Jackson Memorial Hospital / UHealth, South Florida’s largest employer with over 30,000 employees, and the $800M+ I-395 Underdeck signature park project, positions Highland Park Residences at the epicenter of Miami’s next wave of urban transformation.
The portfolio is offered at $12,600,000, or $300,000 per unit, representing a compelling acquisition opportunity for investors seeking brand-new construction with zero deferred maintenance in one of South Florida’s highest-growth corridors.

INVESTMENT HIGHLIGHTS

  • Brand-New 2026 Construction Two brand-new CBS buildings with certificates of occupancy anticipated within 30 to 60 days. City-approved permits, NOA wind certifications, all-new systems, and zero deferred maintenance.
  • Prime Transit-Oriented Location Adjacent to the Culmer Metrorail Station with direct rail service to Brickell, Downtown Miami, the Health District, and Tri-Rail connections.
  • Institutional Demand Corridor Between Wynwood, Allapattah, and the Health District, three of Miami’s highest-growth neighborhoods. Within one mile of Jackson Memorial Hospital / UHealth (30,000+ employees), driving strong rental demand.
  • T6-8 Zoning High-density urban zoning across both parcels on a combined 11,782 SF of land.
  • I-395 Underdeck Signature Park Adjacent to the $800M+ I-395 Underdeck project, a catalytic transformation expected to significantly enhance surrounding property values.
  • Opportunity Zone Benefits Federally designated Qualified Opportunity Zone offering potential capital gains tax deferral and reduction for qualifying investors.

EXCLUSIVELY LISTED BY

ARTHUR D. POROSOFF

CRE Advisor Multifamily Hospitality Development
NMHC PAC Contributor
Tel: (305) 733-6066
art@porosoff.com
License: FL SL3160379

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LOGAN RICE

COO
Tel: (727) 403-0321
logan@porosoff.com

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