1320 SW 26th St, Fort Lauderdale, 33315

  • $3,999,000

Listing UP for Sale

Fort Lauderdale

1320 SW 26th St, Fort Lauderdale, 33315

Fort Lauderdale

  • $3,999,000

Overview

Property ID: A11344372
  • 9445
  • Lot sqft
  • 1946
  • Year Built

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 1320 SW 26th St
  • City Fort Lauderdale
  • State/county Florida
  • Zip/Postal Code 33315
  • Area Broward County
  • Country United States

Details

Updated on June 17, 2024 at 2:12 pm
  • Property ID: A11344372
  • Price: $3,999,000
  • Land Area: 9445 sqft
  • Year Built: 1946
  • Property Status: Listing UP for Sale

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John DeMarco
  • John DeMarco