1320 SW 26th St - Assisted Livings FOR SALE


Fort Lauderdale, FL 33315- Edgewood
$3,999,000 USD
954-453-1000
1320 SW 26th St, Fort Lauderdale, FL for Sale
$3,999,000 USD
Assisted Livings - FOR SALE
1/11
null | 8.76% Cap Rate

1320 SW 26th St
Fort Lauderdale, FL 33315
Edgewood


HIGHLIGHTS

  • 35-Bed Assisted Living Facility
  • 100% Occupied with a Waitlist
  • 8.8% Actual Capitalization Rate
  • 12.8% Projected Capitalization Rate
  • Excellent Investment Opportunity
  • Real Property and Business Included

OVERVIEW

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 and net $350,641 in 2022. 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 full asking price. This is an excellent investment opportunity in a market with very limited inventory. Please remember not to disturb existing business, staff or residents. All showings are by appointment only; call for additional information.

FOR SALE DETAILS

PRICE

$3,999,000 USD

PRICE/SF

$730 USD /SF

CAP RATE

8.76%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

B-2

APN/PARCEL ID

50-42-21-11-0130,50-42-21-11-0140

ASK ABOUT THIS PROPERTY

John DeMarcoRE/MAX 5 Star RealtyMore Info
954-453-1000

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John DeMarcoRE/MAX 5 Star RealtyMore Info
954-453-1000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.