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$3,000,000

  • Sold
  • Closed
  • Apartment
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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.

Full Property Details for 1320 SW 26th St

General

  • Sold For: $3,000,000
  • Taxes: $6,586
  • Status: Closed
  • Type: Apartment
  • Source: Greater_Miami
  • MLS ID: A11344372
  • Added to Site: 1, 067 day(s) ago

Business

  • Business Type: Apartments

Location

  • County: Broward County

Structural Information

  • Detached/Attached: Detached
  • Building Size: 5507
  • Year Built: 1946

Lot Features

  • Lot Size (Sq. Ft.): 9,445
  • Potential Use: Unknown/Withheld
  • Zoning: B-2

Financial Considerations

  • Tax Amount: $6,586

Disclosures and Reports

  • Special Conditions: Sale
  • Legal Description: DEVONSHIRE 22-29 B LOT 20 BLK 1
  • Property ID: 504221110140

Listed by RE/MAX 5 Star Realty
Sold by RE/MAX 5 Star Realty

Listing agent

— 1320 SW 26th St —

  • RE/MAX 5 Star Realty

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NMLS#: 1598647

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Schools serving 1320 SW 26th St

School District:Broward County School District
NameGradesDistance
Croissant Park Elementary School
1800 Southwest 4th Avenue, Fort Lauderdale, FL 33315
K-50.9 mi
New River Middle School
3100 Riverland Road, Fort Lauderdale, FL 33312
6-81.7 mi
Stranahan High School
1800 Southwest 5th Place, Fort Lauderdale, FL 33312
9-121.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1320 SW 26th St

Date
Details
Price
Change
Source
8/13/2025
Sold
$3,000,000
-24.98%
MLS
2/16/2023
Listed
$3,999,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by RE/MAX 5 Star Realty
Sold by RE/MAX 5 Star Realty

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2502 NE 6th Ave, Wilton Manors, FL 33305 - Photo 1 Price Reduced
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Recent Sales near 1320 SW 26th St

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1320 SW 26th St, Fort Lauderdale, FL 33315 (MLS# A11344372) is a Apartment property that was sold at $3,000,000 on August 13, 2025. Want to learn more about 1320 SW 26th St? Do you have questions about finding other Apartment real estate for sale in Edgewood? You can browse all Edgewood real estate or contact a Coldwell Banker agent to request more information.