1950 W 54th St # 406, Hialeah FL 33012

Description of 1950 W 54th St # 406, Hialeah FL 33012

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!

Property Details for 1950 W 54th St # 406, Hialeah FL 33012

Bathrooms Full

2

Bathrooms Half

0

Interior Features

Closet Cabinetry, Entrance Foyer, Walk-In Closet(s)

Appliances

Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Washer

Flooring

Tile

Heating

Central, Electric

Cooling

Central Air, Electric

Furnished

Unfurnished

Garage Spaces

0

Parking Features

2 Or More Spaces, Assigned, Deeded, Guest

Pool Private

No

Year Built Details

Resale

Property Condition

Updated/Remodeled

Building Information for 1950 W 54th St # 406, Hialeah FL 33012

Building Name

Westland Eden l

Building Area Total

1080

Building Area Units

Square Feet

Stories Total

4

Entry Level

4

Association

Yes

Association Fee

$474

Association Fee Frequency

Monthly

Association Amenities

Elevator(s), Exercise Room, Pool

Pets Allowed

Restrictions Or Possible Restrictions

Security Features

Smoke Detector, Complex Fenced, Secured Garage/Parking

Property Information for 1950 W 54th St # 406, Hialeah FL 33012

Lot Size Square Feet

0

Waterfront

No

View

Other View

Construction Materials

Concrete Block Construction

New Construction

No

Public Records for 1950 W 54th St # 406, Hialeah FL 33012

Parcel Number

04-20-35-061-0300

Tax Annual Amount

$3,396

Tax Year

2,025

Tax Legal Description

WESTLAND-EDENCONDO I UNIT 406 - BLDG 2 UNDIV 1.142% INT IN COMMON ELEMENTS CLKS FILE 75R-77602 OR 9486-1510

County Or Parish

Miami-Dade County

Schools Near 1950 W 54th St # 406, Hialeah FL 33012

Elementary School

Dupuis; J.G.

Middle School

Hialeah Gardens

High School

Hialeah-Miami Lakes

School assignments are provided by the listing and should be independently verified.

Location