1950 W 54th St # 412, Hialeah, FL 33012

About 1950 W 54th St # 412, 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!

How This Listing Compares in Hialeah

Per square foot, it is asking 24% below the Hialeah median for sales closed over the last twelve months.

Medians from closed MLS sales in Hialeah; a starting point, not an appraisal.

Home Features at 1950 W 54th St # 412, Hialeah, FL 33012

Bathrooms Full

2

Bathrooms Half

0

Interior Features

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

Appliances

Dryer, Microwave, Electric Range, Refrigerator, Wall Oven, Washer

Flooring

Tile

Heating

Central, Electric

Cooling

Central Air, Electric

Garage Spaces

0

Parking Features

2 Or More Spaces, Assigned, Deeded, Guest

Pool Private

No

Year Built Details

Resale

Property Condition

Updated/Remodeled

The Building at 1950 W 54th St # 412, 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

Lot, Views & Construction at 1950 W 54th St # 412, Hialeah, FL 33012

Lot Size Square Feet

0

Waterfront

No

View

Pool Area View

Construction Materials

Concrete Block Construction

Exterior Features

Other

New Construction

No

Taxes & Public Record for 1950 W 54th St # 412, Hialeah, FL 33012

Parcel Number

04-20-35-061-0540

Tax Annual Amount

$3,396

Tax Year

2,025

Tax Legal Description

WESTLAND-EDEN CONDO I UNIT 412 - BLDG 3 UNDIV 1.142% INT IN COMMON ELEMENTS CLERKS FILE 75R-77602 OR 19693-4161 0501 1

County Or Parish

Miami-Dade County

Assigned Schools for 1950 W 54th St # 412, 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.

Map & Neighborhood