FL > Fort Lauderdale
Fort Lauderdale, FL 33315,1320 SW 26th St
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Fort Lauderdale, FL 33315,1320 SW 26th St
Fort Lauderdale, FL 33315,1320 SW 26th St
Fort Lauderdale, FL 33315,1320 SW 26th St
Fort Lauderdale, FL 33315,1320 SW 26th St
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 3,999,000
Est. payment /mo
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1320 SW 26th St Fort Lauderdale, FL 33315

5,507 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,507 sqft

Price per Sqft $726

MLS Listing ID A11344372

HOA Y/N No

Year Built 1946

Annual Tax Amount $6,586

Lot Size 9,445 Sqft

Property Sub-Type Multi Family

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.

Location

State FL

County Broward

Area 3490

Exterior

Private Pool Yes

Others

Tax ID 504221110140

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11344372

Listed by RE/MAX 5 Star Realty
agent

Alex Mendel

Agent

+1(561) 827-8449

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1320 SW 26th St

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