Preferences

1320 SW 26th St

Fort Lauderdale, Florida, 33315, United States

Property ID: #659076 // commercial
1320 SW 26th St
Image thumbnail
Image thumbnail
Image thumbnail
Image thumbnail
Image thumbnail
Image thumbnail
Image thumbnail
Image thumbnail
Image thumbnail
Image thumbnail
Image thumbnail
Image thumbnail
Image thumbnail
Image thumbnail
Traditional Sale
List Price:
$3,999,000.00
Icon - ft²
Icon 0.22 acres
Icon - beds
Icon - baths
Address:
1320 SW 26th St
City:
Fort Lauderdale
State:
Florida
Zip Code:
33315
County:
Broward County
Country:
United States
Property Type:
Commercial
Additional Property Types:
Income Property, Multi-Family
Year Built:
1946
Lot Size:
0.22 acres
Data Source:
Miami MLS
MLS/Reference Number(s):
A11344372
Source Status:
Active
Source Property Type:
Commercial, Income/MultiFamily

Property Provided By

  • John DeMarco
  • RE/MAX 5 Star Realty
  • +1 (954) 453-1000
Cashifyd
Connect with a local buyer's rep to get up to
$23,994 cashback!

Property Information

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.

Source Disclaimer

Miami MLS

Listing Information © 2024 MIAMI and Miami REALTORS®. All Rights Reserved.
Courtesy of RE/MAX 5 Star Realty.
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This content last updated on 2024-02-19 14:50:38. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.


Other Properties in the Area