FL > Fort Lauderdale
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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Monica Cataluña-Shand, CCIM

Monica Cataluña-Shand, CCIM

+1(954) 812-1831
$3,999,000
Est. payment /mo
5,507 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

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

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Listed by RE/MAX 5 Star Realty
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"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

1655 N Commerce Parkway, Suite 204, Weston, Florida, 33326, United States

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1320 SW 26th St