5706 W 26th Avenue Unit 5706, Hialeah, FL 33016

$225,000
2
BD
1
BA
696
SqFt

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List Price
$225,000
Days on Market
84
MLS#
A12018601
Year Built
1991
Bedrooms
2
Bathrooms
1
Living Area
696
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 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

Taxes
$2,716
Hoa Fee
$300
Interior Features
Bedroom on Main Level, Living/Dining Room
Appliances
Electric Range, Electric Water Heater, Microwave, Refrigerator
Heating
Central, Electric
Air Conditioning
Central Air, Electric
Exterior Construction
Block
Elementary School
West Hialeah Gardens
Middle School
Palm Springs (Miami-Dade)
High School
Hialeah Gardens

Listing courtesy of Compass Florida, LLC.

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