About 1950 W 54th Street #406
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 and 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!
Features of 1950 W 54th Street #406
| MLS® # | A12018559 |
|---|---|
| Price | $260,000 |
| Bedrooms | 2 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,080 |
| Year Built | 1974 |
| Type | Residential |
| Sub-Type | Condo/Co-Op |
| Status | Active |
Community Information
| Address | 1950 W 54th Street #406 |
|---|---|
| Area | 2200 |
| Subdivision | WESTLAND-EDEN CONDO I |
| City | Hialeah |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33012 |
| HOPA | Yes |
Amenities
| Amenities | Elevator(s), Fitness Center, Management, Parking, Pool, Maintenance |
|---|---|
| Parking Spaces | 2 |
| Parking | Assigned, Deeded, Garage Door Opener, Guest |
| View | Other |
| Is Waterfront | No |
| Has Pool | No |
| Subdivision | Elevator(s), Fitness Center, Management, Parking, Pool, Maintenance |
Interior
| Interior Features | Entrance Foyer, Walk-In Closet(s), Closet Cabinetry |
|---|---|
| Appliances | Electric Water Heater, Dryer, Electric Range, Ice Maker, Microwave, Refrigerator, Washer |
| Heating | Central, Electric |
| Cooling | Central Air, Electric |
| Fireplace | No |
| # of Stories | 4 |
Exterior
| Construction | Block |
|---|
School Information
| Elementary | John G. Dupuis |
|---|---|
| Middle | Hialeah Gardens |
| High | Hialeah-Miami Lakes |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 474 |
Listing Details
| Office | Compass Florida, LLC |
|---|