1320 SW 26th StFort Lauderdale, FL 33315
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$18,245The 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.
| 2 years ago | Status changed to Active | |
| 2 years ago | Listing updated with changes from the MLS® | |
| 2 years ago | Price changed to $3,999,000 | |
| 2 years ago | Listing first seen on site |
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