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: 644 days
- Updated: Listing Refreshed: 62 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