Fort Lauderdale & South Florida Real Estate Waterfront Homes • Luxury Properties • Local Broker Expertise

5706 W 26th Ave 5706

Hialeah, FL 33016

MLS#: A12018601

$225,000

Status: Active
Listing number: A12018601
Listing provided by: Compass Florida, LLC
Listing agent phone: None
Last update: 2 days ago
On site: 4 months ago
Browse Properties
LAGO AZUL CONDO - Residential

Property

Beds

2

Full Baths

1

1/2 Baths

None

Year Built

1991

Sq.Footage

696

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!

Features & Amenities

Interior

  • Other Interior Features

    Master Downstairs

  • Total Bedrooms

    2

  • Bathrooms

    1

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Central, Electric

  • Pet friendly

    Yes

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Parking

    Assigned, Deeded, Guest

  • Pool

    No

  • Waterfront YN

    YES

  • View

    Garden

Area & Lot

  • Lot Features

    Waterfront

  • Property Type

    Residential

  • Property Sub Type

    Condominium

Price

  • Sales Price

    $225,000

  • Tax Amount

    $2,716

  • Financing Options

    Cash

  • Sq. Footage

    696

  • Price/SqFt

    $323

HOA

  • Association

    YES

  • Association Fee

    $300

  • Association Fee Frequency

    Monthly

  • Association Fee Includes

    N/A

School District

  • Elementary School

    West Hialeah Gardens

  • Middle School

    Palm Springs

  • High School

    Hialeah Gardens High

Property Features

  • Stories

    2

  • Association Amenities

    Laundry, Other, Management, Parking

  • Senior Community YN

    NO

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Location

County

Miami-Dade

Elementary School

West Hialeah Gardens

Middle School

Palm Springs

High School

Hialeah Gardens High

Listing Courtesy of Nancy Sanabria, Compass Florida, LLC

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Agent Jarrod Gaylis

Managing Broker & Founder

Jarrod Gaylis

Call Jarrod today to schedule a private showing.

(305) 790-0199

jgaylis@perfectpropertiesfl.com


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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!

5706 W 26th Ave 5706

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