1950 W 54th St Unit #412, Hialeah, FL 33012
- $260,000
- 2
- BD
- 2
- BA
- 1,080
- SqFt
- List Price
- $260,000
- MLS#
- A12018558
- Complex Name
- Westland Eden L
- Status
- ACTIVE
- Type
- Condo
- Bedrooms
- 2
- Full baths
- 2
- Living Area
- 1,080
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 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!
Additional Information
- Days on Market
- 68
- Interior Features
- Closet Cabinetry, Entrance Foyer, Walk-In Closet(s)
- Tax Amount
- $3,396
- Parcel Number
- 04-20-35-061-0540
- Bedroom Description
- Primary Bath Shower, Primary Bath Tub
- Exterior Features
- Other
- Association Fee
- $474
- Unit View
- Pool Area View
- Parking Restrictions
- 2 Or More Spaces, Assigned, Deeded, Guest
- Pet Restrictions
- Restrictions Or Possible Restrictions
- Pets Allowed
- Yes
- Unit Number
- 412
- Elementary School
- Dupuis; J.G.
- SqFt Liv Area
- 1,080
- Amenities
- Elevator(s), Exercise Room, Pool
- Year Built
- 1974
- Special Information
- Updated/Remodeled
- Style
- Condo 1-4 Stories, Condo
- Restrictions
- Ok To Lease
- Development Name
- Westland-Eden Condo I
- Middle School
- Hialeah Gardens
- Senior High School
- Hialeah-Miami Lakes
- Construction Type
- Concrete Block Construction
- Section
- 35
Mortgage Calculator
Listing Courtesy of Compass Florida, LLC, Contact: