5706 W 26th Ave # 5706, Hialeah FL 33016 | Miami-Dade County | A12018601

5706 W 26th Ave # 5706, Hialeah FL 33016

Active Residential Active

$225,000

6 More

Type
Condominium

2
Bedrooms

1
Bathroom

0
Garage

696 Sq Ft
Area Size

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Active Residential Active

5706 W 26th Ave # 5706, Hialeah FL 33016 | Miami-Dade County | A12018601

5706 W 26th Ave # 5706, Hialeah FL 33016

$225,000

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. 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, and one unit market-ready for immediate income. 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 Overview

This is a 2-bedroom, 1-bathroom condo located at 5706 W 26th Ave #5706 in Hialeah, Florida. The unit measures 696 square feet of living space and is part of the Lago Azul Condo building, built in 1991. The home is part of a larger portfolio of four units currently offered for sale together as an investment opportunity. The property is listed for $225,000 and the monthly HOA fee is $300. The building is part of the Lago Azul Condo subdivision and sits on West 26th Avenue in western Hialeah. This unit is one of three two-bedroom units in the Lago Azul Condo building. The complex is currently undergoing a new roof installation. The building is well maintained with regularly serviced HVAC, hot water heaters, and electrical systems. Updated kitchens and bathrooms are also noted as recent capital improvements. As part of a portfolio, this unit is offered alongside three others in two nearby complexes—Westland Eden I and Westland Eden II. The combined portfolio is projected to generate a gross scheduled income of $109,200 per year, with a net operating income of $77,408. Monthly association fees are low, and there are no pending assessments. Reserved parking is available, and the associations are described as well-managed and well-funded. For more information or to discuss the full portfolio, contact 305-859-4733.