1320 SW 26th St, Fort Lauderdale FL 33315

1320 26th St, Fort Lauderdale, FL, 33315
$3,999,000

Basics

Date added Added 6 hours ago Category Type Status
Lot size, sq ft 9445 sq ft Year built 1946 ListOfficeName RE/MAX 5 Star Realty ListAOR Miami Association of REALTORS®
MLS ID A11344372

Description

  • Description:

    The physical property consists of two buildings total of 5,507 SF, well situated on a large 15,565 SF lot. The property has 16 rooms with a total of 35 beds. The facility is fully licensed and operating and is currently 100% occupied with 35 residents with a waiting list. Experienced staff will remain after closing. The facility generated $781,630 in gross revenue in 2022, and net $350,461 a year. Projected gross revenue for 2023 is expected to go up to $940,830 with net income raising to $513,505. This income provides a strong 12.8% capitalization rate at a full asking price. This is an excellent investment opportunity in a market with very limited inventory.

Location

  • CountyOrParish: Broward County

Building Details

  • NewConstructionYN: No

Amenities & Features

  • Waterfront available: No
  • GarageYN: No
  • AttachedGarageYN: No
  • CoolingYN: No
  • PoolPrivateYN: No
  • FireplaceYN: No

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This style property is located in Fort Lauderdale is currently and has been listed on Igor Presman Commercial Real Estate. This property is listed at $3,999,000. It has bedrooms, bathrooms, and is . The property was built in 1946 year.

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