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
Presented By:
Presented By: