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Gelfand Realty Miami Properties for Sale - Income/MultiFamily for Sale

1320 SW 26TH ST, FORT LAUDERDALE, FL 33315

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Income/MultiFamily - for Sale

1320 SW 26TH ST, FORT LAUDERDALE, FL 33315

Date Sold 08-13-2025

Sold Price$3,000,000 Asking Price$3,999,000

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  • Days on market:

    665 day(s)

  • Original Price:

    $3,999,000

  • Tax Legal Description:

    DEVONSHIRE 22-29 B LOT 20 BLK 1

  • Property Type:

    Income/MultiFamily

  • Special Listing Conditions:

    Sale

Description

$3,999,000

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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