1320 Sw 26th St, Fort Lauderdale, FL

$3,999,000

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About 1320 Sw 26th St

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.

Features of 1320 Sw 26th St

MLS® # A11344372
Price $3,999,000
Bathrooms 0.00
Acres 0.00
Year Built 1946
Type Commercial Sale
Sub-Type Multi Family
Status Active

Community Information

Address 1320 Sw 26th St
Area 3490
City Fort Lauderdale
County Broward
State FL
Zip Code 33315-2346

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No

Additional Information

Date Listed February 16th, 2023
Days on Market 724
Zoning B-2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX 5 Star Realty

Listing Map

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