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Property 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.

Address Map
FL
Broward County
Fort Lauderdale
33315
1320 SW 26th St
W81° 50' 29.1''
N26° 5' 25.7''
MLS Addon
1
Sale
$6,586
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B-2
0
16/02/2023 21:32:15

1320 SW 26th St, Fort Lauderdale, Florida 33315

$3,999,000
9,445 size sq.ft.
Listing ID #A11344372
Basic Details
Property Type Commercial Sale
Listing Type For Sale
Listing ID A11344372
Price $3,999,000
Year Built 1946
Days on Market 368
Building Area 5,507 Sqft
Status Active
Property SubType Income/multifamily
Lot Area 9,445 Sqft
List Date 2023-02-22
On Market Date 16/02/2023
Elena Beck
MiamiInvestrealty
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