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.
Property Details
Price:
$3,999,000
MLS #:
A11344372
Status:
Active
Beds:
0
Baths:
0
Address:
1320 SW 26th St
Type:
Commercial
Subtype:
Income/MultiFamily
City:
Fort Lauderdale
Listed Date:
Feb 16, 2023
State:
FL
Finished Sq Ft:
5,507
Total Sq Ft:
5,507
ZIP:
33315
Year Built:
1946
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Schools
Interior
Exterior
Financial
Taxes
$6,586
Map
Community
- Address1320 SW 26th St Fort Lauderdale FL
- CityFort Lauderdale
- CountyBroward County
- Zip Code33315
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