5706 W 26th Avenue 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
- 55+ community
- Yes
- County
- Miami-Dade
- Garage spaces
- 0
- HOA fee
- $300 · Monthly
- Annual property taxes
- $2,716
- Subdivision
- LAGO AZUL CONDO
- Appliances & Equipment
- "Electric Water Heater" · "Electric Range" · "Microwave" · "Refrigerator"
- Bathrooms
- 1 full bathroom · 1 total decimal bathroom · 1 total bathroom
- Bedrooms
- 2 total bedrooms
- Building
- Built in 1991 · Living area: 696 · Construction materials: "Block" · Toal building area: 696
- Cooling
- "Central Air" · "Electric"
- Floors
- "Tile"
- Water Features
- Waterfront features: "Other", "Lake"
- Heating
- "Central" · "Electric"
- Home Owner's Association
- Association fee: $300 · Association fee frequency: Monthly · Association fee includes: "Recreation Facility", "Common Areas", "Insurance", "Maintenance Grounds", "Maintenance Structure", "Reserve Funds", "Roof Repairs", "Sewer", "Trash" · Association amenities: "Maintenance", "Laundry", "Management", "Parking", "Other"
- Parking
- "Assigned" · "Deeded" · "Guest"
- Pets Policy
- Pets allowed: "Pet Restrictions Possible", "Yes"
- Property
- View: "Garden"
- Utilities
- "Circuit Breakers"
- Windows
- "Blinds"
- Elementary school
- West Hialeah Gardens
- High school
- Hialeah Gardens
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 305-697-2904
Schedule A Tour Get More Information On This HomeContact LPT Realty at (877) 366-2213 to ask about this home.