Eric Miller
Cell: 954-383-8170
1320 Sw 26th St, Fort Lauderdale
$3,999,000
0 Bed
0 Bath
0 Acre
0 Garage
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.
Essential Information
MLS® #A11344372
Price$3,999,000
Bathrooms0.00
Acres0.00
Year Built1946
TypeCommercial
Sub-TypeMulti Family
StatusActive
Community Information
Address1320 Sw 26th St
Area3490
CityFort Lauderdale
CountyBroward County
StateFL
Zip Code33315-2346
Additional Information
Date ListedFebruary 16th, 2023
Days on Market438
Listing Details
Listing Courtesy ofRE/MAX 5 Star Realty
LISTING MAP
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