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

$225,000 · Active

MLS #A12018601

Price

$225,000

Status

Active

Bedrooms

2

Bathrooms

1

Living area

696 sq ft

Home type

Condominium

Year built

1991

Full bathrooms

1

Half bathrooms

0

Waterfront

Yes

HOA

Yes

County

Miami-Dade County

Garage spaces

0

HOA fee

$300 · Monthly

Annual property taxes

$2,716

Subdivision

LAGO AZUL CONDO

Appliances & Equipment

Appliances: Electric Water Heater, Microwave, Electric Range, Refrigerator

Bathrooms

Full Bathrooms: 1 · Bathrooms Total: 1

Bedrooms

Total Bedrooms: 2 · Features: Entry Level

Building

Living Area: 696 · Construction Materials: Concrete Block Construction · Levels: 1 · Year Built: 1991 · Year Built Details: Resale · Building Area Total: 696 · Building Name: LAGO AZUL CONDO · Entry Level: 1 · Structure Type: Condo 1-4 Stories, Condo

Cooling

Cooling: Central Air, Electric

Floors

Flooring: Tile

Heating

Heating: Central, Electric

Home Owner's Association

Fee: $300 · Fee Frequency: Monthly · Amenities: Laundry, Other

Interior Features

Features: First Floor Entry

Laundry

Features: Common Area

Parking

Features: 2 Or More Spaces, Assigned, Deeded, Guest

Property

Leasable Area Units: Square Feet · Property Attached · Property Condition: Updated/Remodeled · View · View: Garden View · Waterfront · Waterfront Features: Lake

Utilities

Electric: Circuit Breakers

Windows

Features: Complete Accordian Shutters, Hurricane Shutters, Blinds

Elementary school

West Hialeah Gardens

Middle school

Palm Springs

High school

Hialeah Gardens High

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About this home

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!

Courtesy of Compass Florida, LLC.

Contact LPT Realty at (877) 366-2213 to ask about this home.