Commercial Real Estate

Zebur

305.6000958
Commercial SaleMulti Family1320 SW 26th St, FL, 33315

1320 SW 26th St Fort Lauderdale FL 33315

1320 SW 26th St, FL, 33315
    $3,999,000
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    Basics

    Description

    • 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.

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    Property details

    • Total Building Area: 5507
    • Lot Size Square Feet: 9445
    • Parcel Number: 504221110140
    • Lot Size Area: 9445
    • Structure Type: Apartment

    Property Features

    • Covered Spaces: 0

    Location Details

    • County Or Parish: Broward County
    • Zoning Description: B-2

    Fees & Taxes

    • Tax Annual Amount: 6586
    • Tax Legal Description: DEVONSHIRE 22-29 B LOT 20 BLK 1

    Miscellaneous

    • Public Survey Section: 21
    • Syndication Remarks: 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 35 beds.

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    This -type commercial real estate is located in 1320 SW 26th St, FL, 33315 was built in 1946, and is listed at $3,999,000.

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