1950 W 54th Street Unit 412, Hialeah, FL 33012

$260,000
2
BD
2
BA
1,080
SqFt

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List Price
$260,000
Days on Market
91
MLS#
A12018558
Year Built
1974
Bedrooms
2
Bathrooms
2
Living Area
1,080
MLS Area Major
2200

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 and 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

Taxes
$3,396
Hoa Fee
$474
Property Description
Other
Interior Features
Bathtub, Closet Cabinetry, Entrance Foyer, Soaking Tub, Separate Shower, Walk-In Closet(s)
Appliances
Dryer, Electric Range, Microwave, Oven, Refrigerator, Washer
Heating
Central, Electric
Air Conditioning
Central Air, Electric
Exterior Construction
Block
Elementary School
John G. Dupuis
Middle School
Hialeah Gardens
High School
Hialeah-Miami Lakes

Listing courtesy of Compass Florida, LLC.

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