Fort Lauderdale, FL 33315 1320 SW 26th St
$3,999,000
9 more
Presented By: This listing is courtesy of RE/MAX 5 Star Realty;
SQFT • 5,507
Home Details
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.
Presented By: This listing is courtesy of RE/MAX 5 Star Realty;
Interior Features for 1320 SW 26th St
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
General for 1320 SW 26th St
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityFort Lauderdale
CountyBroward
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionDEVONSHIRE 22-29 B LOT 20 BLK 1
Lot Size Square Feet9445.0
Lot Size UnitsSquareFeet
MLS Area3490
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeTenant
PostalCityFort Lauderdale
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Standard StatusActive
StatusActive
Structure TypeApartment
Tax Annual Amount6586.0
Virtual TourClick here
Year Built1946
Zoning DescriptionB-2
Exterior for 1320 SW 26th St
Building Area Total5507.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Area9445.0
Private PoolNo
SpaNo
Waterfront Y/NNo
Additional Details
Price History
Shawn Johnson
Realtor®
