USD 3,999,000

1320 SW 26th St
Fort Lauderdale, Florida 33315

For Sale

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.

Listed by RE/MAX 5 Star Realty

Property Details

ID #
A11344372
Status
Sale
Type
Commercial, Industrial
Zip Code
33315
Year Built
1946
Occupancy
Tenant Occupied
Type of Building
Apartments
Utilities
Internet
Zoning Information
B-2
Listing content provided by the Miami Association of Realtors
Disclaimer: BBC: 2%, The offer of compensation is made only to participants of the MLS where the listing is filed.

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