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For Sale

1320 26th St, Fort Lauderdale, Florida 33315

$3,999,000
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.
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Details

    • Property Type: Commercial
    • Property SubType: Multi Family
    • Listing Type: For Sale
    • Listing ID: A11344372
    • Price: $3,999,000
    • View: Intercoastal,ocean,pool
    • Bedrooms: 0
    • Bathrooms: 0
    • Half Bathrooms: 0
    • Square Footage: 0 Sqft
    • Year Built: 1946
    • Status: Active
    • Original Property Type: Commercial Sale

Features

Location

    • Country US
    • State FL
    • County Broward
    • City Fort Lauderdale
    • Zipcode 33315
    • Neighborhood: Fort Lauderdale
    • Street: 26th St
    • Street Number: 1320
    • Floor Number: 0
    • Longitude: W81° 51' 23.8''
    • Latitude: N26° 7' 20.3''

Additional Info

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