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

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

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

Yelp


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