1320 SW 26th St Fort Lauderdale, FL 33315
FOR SALE - Active
$3,999,000
Overview
- Status: Active
- Bed(s) No info
- Bath(s)
- Half Bath(s) 0
- Parking No info
- Size: 5,507 ft2/511.62 m2
- Price Per: $726.17 ft2/$7,816.40 m2
- Type: Commercial/Investment
- Built: 1946
- HOA: No info
- MLS Number: A11344372
- View No info
- On Site: 624 days
- Updated: Listing Refreshed: 42 Days Ago
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.
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 02/16/2023 | Listed | $3,999,000.00 | $726.17 ft2/$7,816.40 m2 |
Contact Information
Tracey Schmitt
Real Estate Advisor
Office: (305) 407-1657
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
This property is courtesy of the RE/MAX 5 Star Realty. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.