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http://www.adgrouprealty.com/miami-beach-mls-listing/A1892111.htm
Price: $2,595,000 MLS Number: A1892111  Commercial / Investment - SOLD
 Address: 315 W 28 ST, Miami Beach, Florida 33140 USA
 Lot Dimensions: 8825
 
 Date Sold: 05/29/2014
 Remarks:
SHERIDAN PARK APTS - exquisite art-deco master piece. 40 year recertification just completed ! this 16 unit 2 story building (built in 1940) is located on 28th St just 1/2 block from pinetree drive. mix is (4) 1 bedrooms, (12) studios (8 are jr 1 bedroom s) building has newer roof (2006) with 17 year warranty left. projected gross income $180k/year ... expenses = $38,884/year... NOI= $141,116 ... cap = 5.6%. download details from attachment. DO NOT APPROACH TENANTS. all month-to-month except for 2.
 
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