5706 W 26th Ave # 5706, Hialeah FL 33016

For sale Days on market 98

LAGO AZUL CONDO [ Condominium ]

$225,000

$323/sq ft

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Overview

Bedroom

Bath

Year Built

1991

Sqft

696

Property Type

Condominium

Property 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 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!

Property Details

MLS#

A12018601

Unit Floor

Total Floor in Bldg

Building

LAGO AZUL CONDO

Address

5706 26th Ave W

City

Hialeah

State/county

Zip/Postal Code

33016

Area

Lago Azul Condo

Country

United States

HOA

Yes

Assoc Fee

$300

Assoc Fee Pd

Monthly

Tax Amount

$2,716

Maint Fee

$--

Tax Year

2025

Electric Water Heater

Microwave

Electric Range

Refrigerator

Garden View

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