1320 SW 26th St
Fort Lauderdale, Florida

Fort Lauderdale, Florida

MLS#: A11344372

$3,999,000 USD

Listed By RE/MAX 5 Star Realty

The Commercial Property for Sale located at Fort Lauderdale, Florida is currently for sale. Fort Lauderdale, Florida is listed for $3,999,000. If the property located at Fort Lauderdale, Florida isn't what you're looking for, visit https://www.sfpropertysearch.com to see other Commercial Properties for Sale in Fort Lauderdale .

Date Updated : May 7, 2024

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The details

Property features

Construction details

  • Year built: 1946

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

Fort Lauderdale, Florida
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