1. Florida
  2. Fort Lauderdale
  3. 1320 SW 26th St
$3,999,000

1320 SW 26th St, Fort Lauderdale, FL 33315

  • 5,507 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1946
  • Property Lot Size Icon9,583sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $726/sqft
  • Property List Date Icon Listed 2 years ago

Property Description

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.

Listing Status:
Active
Date Added:
February 16, 2023 at 06:00AM
Listing Office:
RE/MAX 5 Star Realty : 954-361-0000
Listing Agent:
John DeMarco : 954-453-1000
MLS ID:
A11344372
  • Originating MLS: Miami Association of REALTORS®
  • County: Broward County

This listing courtesy of John DeMarco, RE/MAX 5 Star Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Seagull School

425 SW 28th St, Fort Lauderdale, FL, 33315

Grades PK-12

0.69 miles away

W

Whiddon Rodgers Education Center

700 SW 26th St, Fort Lauderdale, FL, 33315

Grades 6-12

0.54 miles away

W

Whiddon Rodgers Education Center

700 SW 26th St, Fort Lauderdale, FL, 33315

Grades 6-12

0.54 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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