$225,000
Hialeah, FL 33016
MLS# A12018601
2 beds | 1 baths | 696 sqft
1 / 11
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!
Details
Maps
Contract Information
Comp Sale YN: No
Occupant Type: Call Listing Agent
Listing Date: 2026-05-20
Status: Active
Original List Price: 225000
List Price: $225,000
Current Price: $225,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Hialeah
Municipal Code: 4
Postal Zip: 33016
Subdivision Number: 207
Special Assessment YN: No
Flood Zone: AE
Country: United States
Street Number: 5706
Street Direction Prefix: W
Street Name: 26th
Street Suffix: Avenue
Unit Number: 5706
State Or Province: FL
Postal Code: 33016
Postal Code +4: 4788
Subdivision Name: LAGO AZUL CONDO
Area: 2200
Elementary School: West Hialeah Gardens
Middle Or Junior School: Palm Springs (Miami-Dade)
High School: Hialeah Gardens
Parcel Number: 0420342070040
Directions: ELITE 4-UNIT CONDO INVESTMENT PACKAGE IN WEST HIALEAH, 4-UNITS SOLD JOINTLY ONLY.
General Property Information
Unit Floor #: 1
Adjusted Area Main: 696
Living Area Main: 696
Senior Community YN: Yes
Stories Total: 2
Stories: 1
Property Sub Type: Condominium
Bedrooms Total: 2
Bathrooms Total: 1
Bathrooms Full: 1
Building Area Main: 696
Year Built: 1991
Waterfront YN: 1
Financial Information
Application Required YN: Yes
Estimated Monthly Assoc Recurring Fee: 300
Membership Fee Required YN: No
Association YN: 1
Association Fee: 300
Association Fee Frequency: Monthly
Tax Annual Amount: 2716
Tax Year: 2025
Tax Legal Description: LAGO AZUL CONDO UNIT 5706 UNDIV 1/28 INT IN COMMON ELEMENTS OFF REC 20173-4180 OR 20590-1181 0802 1 COC 23684-1591 08 2005 1
Office/Member Information
DXORIGMLSID: SEF
Application Fee Details
Application Fee Required: Yes
Application Fee: 250
Application Information
Association Approval Required: 1
Amenities
Laundry: 1
Management: 1
Parking: 1
Other: 1
Association Amenities
Maintenance: 1
Association Fee Includes
Common Areas: 1
Insurance: 1
Maintenance Grounds: 1
Maintenance Structure: 1
Recreation Facility: 1
Reserve Funds: 1
Roof Repairs: 1
Sewer: 1
Trash: 1
Dining Area
Dining/Living Room: 1
Electric
Circuit Breakers: 1
Entry Information
Entry Level: 1
Flooring
Tile: 1
Leasing Permitted Details
Leasing Permitted YN: Yes
Okay To Lease: 1
Parking Features
Assigned: 1
Deeded: 1
Guest: 1
Parking Information
Open Parking Spaces: 2
Parking Space Number: 2
Property Condition
Resale: 1
Updated/Remodeled: 1
Possession
Negotiable: 1
Special Information
Sold As-Is: 1
View
Garden: 1
Heating
Central: 1
Electric: 1
Leasing Restrictions
Leasing - Max Times Per Year: 1
Leasing - Minimum Number of Days: 365
Water Access
Other: 1
Window Features
Blinds: 1
Appliances
Electric Range: 1
Microwave: 1
Refrigerator: 1
Construction Materials
Block: 1
Listing Terms
Cash: 1
Security Features
Smoke Detector(s): 1
Other: 1
Waterfront Features
Lake Front: 1
Water Heater Details
Electric Water Heater: 1
Cooling
Central Air: 1
Electric: 1
Association Type
Condominium: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Master Bedroom/Bath
Bedroom On Entry Level: 1
Pets Allowed YN
Yes: 1
Pets Allowed
Pet Restrictions Possible: 1
Storm Protection
Accordian Shutters: Complete
Tax Information
City/County: 1
Price Calculations
Current Price To SqFt: 323.27
Section Details
Parcel Number MLX: 0040
Status Change Information
Major Change Timestamp: 2026-05-20T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-05-20
Originating Details
Originating System Key: 475087407
Originating System ID: M00000151
Property Features
Application Information: Association Approval Required
Association Amenities: Maintenance
Association Fee Includes: Common Areas; Insurance; Maintenance Grounds; Maintenance Structure; Recreation Facility; Reserve Funds; Roof Repairs; Sewer; Trash
Dining Area: Dining/Living Room
Electric: Circuit Breakers
Flooring: Tile
Leasing Permitted Details: Okay To Lease
Parking Features: Assigned; Deeded; Guest
Property Condition: Resale; Updated/Remodeled
Appliances: Electric Range; Microwave; Refrigerator
Water Heater Details: Electric Water Heater
Construction Materials: Block
Cooling: Central Air
Association Type: Condominium
Heating: Central; Electric
Listing Terms: Cash
Pets Allowed YN: Yes
Pets Allowed: Pet Restrictions Possible
Possession: Negotiable
Security Features: Smoke Detector(s); Other
Special Information: Sold As-Is
Tax Information: City/County
View: Garden
Water Access: Other
Waterfront Features: Lake Front
Window Features: Blinds
Showing Requirements: Appointment Only; Call Listing Agent
Listing Office: Compass Florida, LLC
Last Updated: October - 18 - 2026
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