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Multifamily Residential
$3,999,000
1320 SW 26th St Fort Lauderdale, FL

A11344372

61 of 98 for Sale
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  • Listed On:

    Feb 16, 2023
  • Days on Market:

    644
  • Year:

  • Taxes:

    $6,586 per year
  • Floor Description:

  • Occupancy:

  • Zoning:

  • Parking:

1320 SW 26th St Fort Lauderdale, FL 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.

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For Sale Details

  • Photo Count

    14

  • Property Type

    Commercial Sale

  • SqFt Total

    9445

  • Year Built

    1946

Any questions about Multifamily Residential?
Contact our Fort Lauderdale Real Estate Specialist today.

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