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

Listed at $225,000

Details

  • MLS# A12018601
  • Residential - Condominium
  • Status Active
  • 2 Bedrooms
  • 1 full Bathrooms
  • 696 Square Feet
  • 0 Lot Size
  • Built in 1991
  • Local Schools

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...read more 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. Dont miss this high-yield, turnkey investment!

Features

  • Electric Water Heater
  • Microwave
  • Electric Range
  • Refrigerator
  • Central Air, Electric
  • Tile
  • Central, Electric
  • 2.0 Stories
  • $2,716 Taxes
  • Built in 1991
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All Property Features

  • Property Type: Residential - Condominium
  • Appliances: Electric Water Heater, Microwave, Electric Range, Refrigerator
  • Association Amenities: Laundry, Other
  • Cooling: Central Air, Electric
  • Crops Included Y/N: No
  • Days on Site: 54
  • Directions: ELITE 4-UNIT CONDO INVESTMENT PACKAGE IN WEST HIALEAH, 4-UNITS SOLD JOINTLY ONLY.
  • Exterior: Concrete Block Construction
  • Flooring: Tile
  • Heating: Central, Electric
  • HOA Fee: 300/ Monthly
  • Home Warranty Y/N: No
  • Interior Features: First Floor Entry
  • Laundry: Common Area
  • Lease Considered Y/N: No
  • Listing Terms: All Cash
  • Parcel#: 04-20-34-207-0040
  • Parking: 2 Or More Spaces, Assigned, Deeded, Guest
  • Parking Notes: 2 Or More Spaces, Assigned, Deeded, Guest
  • Pets Allowed: Restrictions Or Possible Restrictions
  • Property Attached Y/N: Yes
  • Property Sub-Type: Condominium
  • Security: Smoke Detector, Other
  • Special View Info: Garden View
  • Stories: 2.0
  • Taxes: $2,716
  • Water Features: Lake
  • Window: Complete Accordian Shutters, Hurricane Shutters, Blinds
  • Year Built: 1991