South Florida Real Estate
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Edgewood

One of the most popular communities provided by Perfect Properties of Florida Real Estate

Edgewood

About Edgewood

Vibe: Eclectic and up-and-coming Average Home Price: ~$625,000 Special Features: Mix of single-family homes and new developments, with easy access to downtown and major highways Proximity: Convenient to downtown Fort Lauderdale and the airport Historical Fact: Edgewood’s growth accelerated post-World War II, reflecting Fort Lauderdale’s suburban expansion
One of the most popular communities provided by Perfect Properties of Florida Real Estate
95
# of Listings
3
Avg # of Bedrooms
$564
Avg. $ / Sq.Ft.
$396,662
Med. List Price

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1 Properties Found. Page 1 of 1.

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.
#A11344372

Fort Lauderdale

1320 SW 26th St

None Beds

None Baths

N/A

$3,999,000

MLS#: A11344372

Buyers resources
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Sellers resources
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Cleaning Home For Sale
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Selling Your Home for More $$

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