1320 26th St ,Apartments for Sale & Rent

1320 26th St for Sale & Rent

Price $3,999,000.00

  • Lot size 9445
  • Year Build 1946
  • Waterfront
  • Zip 33315
  • Style
  • Parking Description
  • Pool Yes
  • Status Active
Contact usSchedule Tour

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.

Please remember not to disturb existing businesses, staff, or residents. All showings are by appointment only; call for additional information.

DEVONSHIRE 22-29 B LOT 20 BLK 1

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.

City:Fort Lauderdale,Zoning:B-2,List A O R:A-Miami Association of REALTORS,Latitude:26.0904787,List Price:3999000,Listing Id:A11344372,Longitude:-80.1585925,Mls Status:Active,Year Built:1946,Postal Code:33315,Street Name:26th St,Coordinates:1:26.0904787,Photos Count:14,Days On Market:1,Lot Size Units:Square Feet,On Market Date:2023-02-16,Parcel Number:504221110140,Property Type:Commercial Sale,Street Number:1320,Public Remarks: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.,County Or Parish:Broward County,Expiration Date:2023-05-31,List Office Name:RE/MAX 5 Star Realty,Private Remarks:Please remember not to disturb existing businesses, staff, or residents. All showings are by appointment only; call for additional information.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2346,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:SW,Tax Annual Amount:6586,Unparsed Address:1320 SW 26th St, Fort Lauderdale FL 33315,Listing Agreement:Exclusive Right To Sell,Building Area Total:5507,Building Area Units:Square Feet,Lot Size Square Feet:9445,Original List Price:3999000,Public Survey Range:50,I D X Participation Y N:1,Syndication Remarks: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.,Listing Contract Date:2023-02-16,Originating System I D:miamire,Public Survey Section:21,Street Number Numeric:1320,Tax Legal Description:DEVONSHIRE 22-29 B LOT 20 BLK 1,Public Survey Township:50,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2%,Contract Status Change Date:2023-02-16,Internet Address Display Y N:1,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,

  • Price $3,999,000.00
  • Price Change: 2023-02-16
  • Lot size sq. ft.
  • Price per sq.ft. $
  • Year Build 1946
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction
  • Parking Description
  • Flooring Type
  • Property Type Commercial Sale
  • Status Active
  • Listed 2023-02-16
  • Days on Market 41
  • Furnished
  • City Fort Lauderdale
  • Zip 33315
  • State Florida
  • Subdivision
  • Development Name
  • HOA Fees
  • Taxes 6586
  • Taxes Year