Price:
$3,999,000
Address:
1320 SW 26TH ST
City:
Fort Lauderdale
State:
FL
Zip:
33315
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. Still available at ListedBuy!
Extra Information for 1320 SW 26TH ST Fort Lauderdale, FL 33315
- Seller Type: By Owner
- Category: Multi-Family Residences for Sale
- Square Feet: 5507
- Conditions: Resale
- Listed Date: Aug 15, 2023