$3,999,000

Est. Mortgage $21,016/mo *

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

1320 SW 26th St, Fort Lauderdale, FL, 33315
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1946

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.

Status:

Active

Type:

Commercial

Zoning:

B-2

Est. Taxes:

$6,586

Days on Market:

368

MLS #:

A11344372

Community Info

School Info

Walk Score

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Listing courtesy of RE/MAX 5 Star Realty Phone: 954-361-0000