Excerpt below. Click here to view original full length post.

2150 Park Avenue in Miami Beach (Source: Google)

A 20-unit apartment building in Miami Beach sold for $4.8 million, or $240,000 per apartment, despite the building’s limited cash flow and substantial maintenance needs. The 60-year-old rental property at 2150 Park Avenue, which includes a 7,500-square-foot lot, is located across from