The physical property consists of two buildings total of 5, 507 SF, well situated on a large 15, 565 SF lot.
Website: | https://www.nestseekers.com/2747196 |
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Address: | 1320 SW 26th St Fort Lauderdale, FL 33315 |
Ownership: | For Sale |
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Pets: | Pets Allowed |
Financials
Price: | $3,999,000 |
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Annual Taxes: | $6,586 |
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.
Contact
888 Biscayne Blvd # Unit CU9 Miami, FL 33132 Phone: +1305-907-7555 Fax: +1305-675-0745 | |
Courtesy of RE/MAX 5 Star Realty |