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.
Overview
Address: 1320 SW 26th St, Fort Lauderdale FL 33315
City: Fort Lauderdale
State/County: Broward County
Zip: 33315
Country: United States
Property Id: 35449
Price: $3,999,000
Other Features
Balcony
Built-In Grill
Can Raise Horses
Electrical Utility Available
Elevator
Exterior Cat Walk
Exterior Lights
First Floor Entry
Fruit Trees
Has a View
Has Cooling System
Has Heating System
Has Waterfront
Home Owners Association
Interior Hall
New Construction
Open Balcony
Open Parking
Other
Other Equipment/Appliances
Outdoor Shower
Property Attached
Room For Pool
Spa
Stairs
Similar Listings
709 Coontie Ct # 7, Fort Lauderdale FL 33312
$1,475,000
7-unit Multifamily building being sold as is. perfect for those who have their own crew or ...
1151 NE 18th St # 5, Fort Lauderdale FL 3330...
$1,190,000
Prime Wilton Manor 5-unit building! Approved for short-term rentals, it's an investor's dr ...
1106 NE 5th Ave # 5, Fort Lauderdale FL 3330...
$1,399,000
If you're looking for a fantastic investment opportunity in a prime location, this propert ...
729 Middle St, Fort Lauderdale FL 33312
$3,200,000
THIS 16 UNIT MULTIFAMILY BUILDING HAS BEEN RECENTLY RENOVATED IN ORDER TO INCREASE RENTS, ...