$3,000,000

Est. payment -/mo

$3,999,000

25.0%

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

1320 SW 26th St Fort Lauderdale, FL 33315

5,507 SqFt

SOLD DATE : 08/13/2025

Key Details

Sold Price $3,000,000

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,507 sqft

Price per Sqft $544

MLS Listing ID A11344372

Year Built 1946

Annual Tax Amount $6,586

Lot Size 9,445 Sqft

Property Sub-Type Multi Family

Property 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.