5706 W 26th Ave Unit #5706, Hialeah, FL 33016

$225,000
2
BD
1
BA
696
SqFt

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List Price
$225,000
MLS#
A12018601
Complex Name
Lago Azul Condo
Status
ACTIVE
Type
Condo
Bedrooms
2
Full baths
1
Living Area
696

Property Description

ELITE 4-UNIT CONDO INVESTMENT PACKAGE IN WEST HIALEAH, 4-UNITS SOLD JOINTLY ONLY. Incredible turnkey opportunity for Cash Investors of 4 condo units sold jointly for high-ROI in a high-demand submarket. Perfect for investors seeking a low-maintenance cash cow, this portfolio consists of three 2-bed/2-bath & one 2-bed/1-bath units across three premier, clustered condominium complexes: Lago Azul (New roof in progress), Westland Eden I & Westland Eden II (MLS: A12018601, A12018600, A12018559, A12018558). Generating an attractive Gross Scheduled Income of $109,200/yr with an outstanding NOI of $77,408, it boasts an incredible 71% operating efficiency with a 7.7% cap rate. Enjoy a unique investor advantage with minimal operational friction, low association fees, reserved parking, and no pending assessments in well-managed, well-funded associations. Capital improvements include maintained HVAC, hot water heaters & electric as well as updated bathrooms & kitchens. The portfolio is highly stabilized with leases extending into 2027. Strategically located in a central commuter hub tailored for the essential workforce, tenants enjoy short commutes via the Palmetto Expressway, and I-75. Moments from Miami International Airport, Miami Dade College, Mount Sinai Medical Center, Westland Mall, Sedanos, Publix, local schools, and the Wilde Community Center & Library. Don't miss this high-yield, turnkey investment!

Additional Information

Days on Market
68
Interior Features
First Floor Entry
Tax Amount
$2,716
Waterfront Description
Lake
Water Access
Other
Parcel Number
04-20-34-207-0040
Bedroom Description
Entry Level
Association Fee
$300
Unit View
Garden View
Parking Restrictions
2 Or More Spaces, Assigned, Deeded, Guest
Pet Restrictions
Restrictions Or Possible Restrictions
Pets Allowed
Yes
Unit Number
5706
Elementary School
West Hialeah Gardens
SqFt Liv Area
696
Amenities
Laundry, Other
Year Built
1991
Special Information
Updated/Remodeled
Style
Condo 1-4 Stories, Condo
Restrictions
Ok To Lease
Development Name
Lago Azul Condo
Middle School
Palm Springs
Senior High School
Hialeah Gardens High
Construction Type
Concrete Block Construction
Section
34

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Listing Courtesy of Compass Florida, LLC, Contact: