FOR SALE

1320 26th St

Broward County, Fort Lauderdale, FL

Asking

$3,999,000

BTC

60.645

ETH

1,128.00

Year Built
1946
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.

LOADING

Market Area

Broward County

Agent

John DeMarco

+1 310 910 1722

Contact Email

[email protected]