Basics
Date added Added 6 hours ago | Category Income/MultiFamily | Type Commercial Sale | Status Active |
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
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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
Video
- Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11344372
Amenities & Features
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- CoolingYN: No
- PoolPrivateYN: No
- FireplaceYN: No