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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
City: Fort Lauderdale
State/County: Broward County
Zip: 33315
Country: United States
Property Id: 1056805
Price: 3.999.000 $
20,503.66 $
per month- Principal and Interest
- Property Tax
- HOA fee
15,504.91 $
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