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Phaedrea Watkins

phaedrea@promiserealtygrp.com +1(919) 322-9382

$225,000

Est. payment - /mo

2 Beds

1 Bath

696 SqFt

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Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 696 sqft

Price per Sqft $323

Subdivision Lago Azul Condo

MLS Listing ID A12018601

Bedrooms 2

Full Baths 1

HOA Fees $300/mo

HOA Y/N Yes

Min Days of Lease 365

Leases Per Year 1

Year Built 1991

Annual Tax Amount $2,716

Tax Year 2025

Property Sub-Type Condominium

Property Description

OPPORTUNITY KNOCKS! WEST HIALEAH REAL ESTATE PORTFOLIO! Incredible turnkey opportunity for Cash Investors of 4 strategic condo units sold together for immediate, stabilized cash flow 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, 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 after taxes & assoc fees. 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 regularly maintained HVAC, hot water heaters and 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, SR 924, 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!

Location

State FL

County Miami-dade

Community Lago Azul Condo

Area 20

Interior

Interior Features Bedroom on Main Level, First Floor Entry, Living/Dining Room

Heating Central, Electric

Cooling Central Air, Electric

Flooring Tile

Window Features Blinds

Appliance Electric Range, Electric Water Heater, Microwave, Refrigerator

Laundry Common Area

Exterior

Exterior Feature Storm/Security Shutters

Amenities Available Laundry, Other

Waterfront Description Lake Front

View Garden

Garage No

Private Pool Yes

Building

Story 1

Level or Stories One

Structure Type Block

Schools

Elementary Schools West Hialeah Gardens

Middle Schools Palm Springs

High Schools Hialeah Gardens High

Others

Pets Allowed Conditional, Yes

HOA Fee Include Association Management,Amenities,Common Areas,Insurance,Laundry,Maintenance Structure,Parking,Recreation Facilities,Reserve Fund,Roof,Sewer,Trash

Senior Community No

Restrictions OK To Lease

Tax ID 04-20-34-207-0040

Security Features Other,Smoke Detector(s)

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Listed As-Is

Pets Allowed Conditional, Yes

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12018601

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Miami Association of Realtors (SEFMIAMI MLS)

Listed by Compass Florida, LLC

5706 W 26th Ave #5706 Hialeah, FL 33016

Phaedrea Watkins

Key Details

Location

Interior

Exterior

Building

Schools

Others

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5706 W 26th Ave #5706