1950 W 54th St APT 406, Hialeah, Florida, United States, 33012

260,000
for Sale
2
2

About the property:

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!
Property Type:
Condo
Status:
for Sale
House Style:
Condo 1-4 Stories
Bedrooms:
2
Bathrooms:
2
Full Bathrooms:
2
Square Feet:
1080
Central A/C:
Yes
Central A C Details:
Central Air, Electric
Heating:
Central, Electric
Miscellaneous:
Closet Cabinetry, Entrance Foyer, Walk-In Closet(s)
Appliances:
Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
Association Fee:
0
Is Den:
Yes
Is Investment:
Yes
Is Library:
Yes
Is Maintenance:
Yes
Is New Roof:
Yes
Is Washer:
Yes
Listing ID:
A12018559

Rooms

Dimensions

Brokered by:
Compass Florida, Llc
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