1320 SW 26th St, Fort Lauderdale FL 33315,Fort Lauderdale,Broward County,Commercial Sale

3.999.000 $
1320 SW 26th St, Fort Lauderdale FL 33315, Fort Lauderdale

Overview

  • Updated On:
  • June 17, 2024

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, Fort Lauderdale FL 33315
State/County:
Zip: 33315
Country: United States

Property Id: 1056805
Price: 3.999.000 $

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20,503.66 $
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
15,504.91 $

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