Skip To Content

1320 SW 26th St

Fort Lauderdale, FL 33315
  • $3,999,000
  • STATUS: Active
  • ON SITE: 377 Days
  • MLS #: A11344372
UPDATED: 65 min ago
$3,999,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1946
County:

School Ratings & Info

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.

Monthly Payment Calculator



Copyright 2024, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2024-02-29T18:51:49.527.
www.homesunlimited.solutions/homes/137047235
Print Image

1320 SW 26th St Fort Lauderdale, FL 33315

  • Price: $3,999,000
  • Status: Active
  • On Site: 377 Days
  • Updated: 65 min ago
  • MLS #: A11344372
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1946
Built
County:
Broward
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.
Exterior Features

Pool Private YN No View YN No Waterfront YN No

Interior Features

Building Area Total 5507

Property Features

Association YN No Business Type Apartments Horse YN No New Construction YN No Property Sub Type Income/MultiFamily Public Survey Section 21 Special Listing Conditions Sale Tax Annual Amount 6586 Zoning B-2

Listing courtesy of RE/MAX 5 Star Realty: .


Copyright 2024, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2024-02-29T18:51:49.527.
 
https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_1_A11344372-2.jpg https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_1_A11344372-2.jpg https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_1_A11344372-2.jpg
Logo
Homes Unlimited Real Estate Corp
8803 Futures Dr Suite #10A
Orlando FL, 32819