1320 SW 26th St Fort Lauderdale FL 33315
1320 SW 26th St, FL, 33315Basics
- Lot Size Units: Square Feet
- Category: Commercial Sale
- Type: Multi Family
- Status: Active
- Bathrooms: 0
- Year built: 1946
- MLS ID: A11344372
Description
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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.
- Virtual Tour URL: https://www.propertypanorama.com/instaview/mia/A11344372
Ask our real estate expert about this property
This Multi Family-type commercial real estate is located in 1320 SW 26th St, FL, 33315 was built in 1946, and is listed at $3,999,000.