Miami Beach, Florida
Class B, opportunistic acquisition
Acquired: 2012 | Sold: 2015
IRR: 22.03%

56

Built in 1926, this property sits in the heart of Miami Beach. Near the expansive Miami Beach Convention Center, it is easily accessible to the entire city, and beyond.

With 56 units encircling a gated courtyard, this historic property is quintessential old Miami Beach.

Lloyd Jones operated the apartment complex for three years and in 2015 sold it for almost double the acquisition price.