Basic Information
- MLS # A11344372
- Type Multi Family
- Status Active
- Year Built 1946
- Total Sqft 9,445
- Date Listed 02/16/2023
- Days on Market 812
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.
Amenities
Exterior Features
- Waterfront No
- Parking Spaces 0
- Pool No
- Parking Description
- Style Multi Family
Interior Features
- Adjusted Sqft 9,445Sq.Ft
- Sqft 9,445 Sq.Ft
Property Features
- Address 1320 SW 26th St
- Aprox. Lot Size 9,445
- City Fort Lauderdale
- County Broward
- Furnished Info no
- Occupant Type Tenant
- Postal City Fort Lauderdale
- Subdivision Complex
- Subdivision Info
- Tax Amount $6,586
- Tax Legal desc D E V O N S H I R E22-29 B L O T20 B L K1
- Tax Year 0
- Type of Property Multi Family
1320 SW 26th St
Fort Lauderdale, FL 33315Similar Properties For Sale
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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: RE/MAX 5 Star Realty. tel: 954-361-0000
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