315 W 28 ST, Miami Beach, FL 33140

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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