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1320 SW 26th St Fort Lauderdale, FL $ 3,999,000
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1320 SW 26th St
$ 3,999,000
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1320 SW 26th St

Fort Lauderdale, FL, 33315
$ 3,999,000
Baths0.0 Sq 5,507

Monthly Estimate*

$ 27,934

1320 SW 26th St, Fort Lauderdale, FL 33315 - Image 1
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1320 SW 26th St, Fort Lauderdale, FL 33315 - Image 7
1320 SW 26th St, Fort Lauderdale, FL 33315 - Image 8
1320 SW 26th St, Fort Lauderdale, FL 33315 - Image 9
1320 SW 26th St, Fort Lauderdale, FL 33315 - Image 10
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1320 SW 26th St, Fort Lauderdale, FL 33315 - Image 14
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Studio

Commercial Property for sale in Fort Lauderdale, FL

for $3,999,000. This 5,507 square foot building was built in 1946 on a lot size of 0.216827.

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.

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Commercial Active

Price

$ 3,999,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 6,586

Style

MultiFamily

Lot Size

0.216827

Year Built

1946

Town/City

Fort Lauderdale

County/Region

Broward

MLS | Web ID

A11344372
Features
General
Year Built 1946
Property SubType MultiFamily
County Broward County
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
City Fort Lauderdale
Buyer Agent Compensation 2%
View Y/N N
Senior Community Y/N N
Zoning Description B-2
MLS Area 3490
Lot Size Square Feet 9445.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 26th St
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 6586.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11344372
Days on Market 368
Structure Type Apartment
Standard Status Active
Occupancy Description Tenant
Property Sub Type Additional MultiFamily
Legal Description DEVONSHIRE 22-29 B LOT 20 BLK 1
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Exterior
Lot Size Area 9445.0
Spa N
Building Area Total 5507.0
Lot Size Units SquareFeet
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 1320
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* Excluded Features
List By
Re/Max 5 Star Realty

Broker

John@deMarcogroup.net

Email

Affordability Calculator

$28,483
Per Month
98%
2%
0%
Monthly Principal & Interest
$27,934
Monthly Property Taxes
$549
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
292769 Elementary School
292996 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/17/2023$3,999,000 Listed Price

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1320 SW 26th St, Fort Lauderdale, FL, 33315 is a Commercial Property for sale at $3,999,000 with 5,507 sqft and a lot size of 0.216827. 1320 SW 26th St is a studio with 0.0 baths and was built in 1946. The property's zip code is 33315 which is in Fort Lauderdale, FL

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