315 W 28 ST, Miami Beach, Florida 33140 USA

$2,595,000  Commercial / Investment - SOLD MLS® A1892111

About this Property

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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MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. This property is courtesy of Keller Williams Eagle Realty.