Active
1320 SW 26th St
Fort Lauderdale FL, 33315
$3,999,000
$726.17 per sqft
Active
5,507 sqft
Commercial
Built in 1946
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.
A11344372
MLSⓇ ID
February 16, 2023
Listed
March 14, 2024
Updated
Map
1320 SW 26th St
Fort Lauderdale FL, 33315
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.22 Acres
Other Property Details
Taxes
$6,586
Tax Frequency
Annually
Days on Market
368
Garage
No
View
No
County
Broward County
Pool
No
Zoning
B-2
Buyer Agency Compensation
2%
Listed by: RE/MAX 5 Star Realty
Listing Contact: 954-453-1000
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Data last updated 11:21 PM UTC, 3/14/2024.