5706 W 26th Ave 5706, Hialeah, FL 33016 — MLS photo

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5706 W 26th Ave 5706, Hialeah, FL 33016

Active · Condominium

$225,000

5706 W 26th Ave 5706, Hialeah, FL 33016

Beds
2
Baths
1
Living area
696 sq ft
$ / sq ft
$323/sq ft
Year built
1991
Lot size
—
HOA fee
$300
Annual tax
—

About this property

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!

Property location

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5706 W 26th Ave 5706, Hialeah, FL 33016

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Facts & features

Interior

Bedrooms
2
Bathrooms
1
Living area
696 sq ft

Exterior & Structure

Property type
Condominium
Year built
1991

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$300
County
Miami-Dade
MLS listing ID
A12018601
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$169

Cap rate
4.8%
Net yield
4.8%
Cash-on-cash return
-3.2%
Gross yield
10.0%
Mortgage payment
$1,067/mo
Down payment
$56,250
Loan amount
$168,750
Annual NOI
$10,768

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.