5706 W 26th Ave # 5706, Hialeah, FL 33016

About 5706 W 26th Ave # 5706, Hialeah, FL 33016

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!

How This Listing Compares in Hialeah

Per square foot, it is asking 2% above 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 5706 W 26th Ave # 5706, Hialeah, FL 33016

Bathrooms Full

1

Bathrooms Half

0

Interior Features

First Floor Entry

Appliances

Electric Water Heater, Microwave, Electric Range, Refrigerator

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 5706 W 26th Ave # 5706, Hialeah, FL 33016

Building Name

LAGO AZUL CONDO

Building Area Total

696

Building Area Units

Square Feet

Stories Total

2

Entry Level

1

Association

Yes

Association Fee

$300

Association Fee Frequency

Monthly

Association Amenities

Laundry, Other

Pets Allowed

Restrictions Or Possible Restrictions

Security Features

Smoke Detector, Other

Lot, Views & Construction at 5706 W 26th Ave # 5706, Hialeah, FL 33016

Lot Size Square Feet

0

Waterfront

Yes

Waterfront Features

Lake

View

Garden View

Construction Materials

Concrete Block Construction

New Construction

No

Taxes & Public Record for 5706 W 26th Ave # 5706, Hialeah, FL 33016

Parcel Number

04-20-34-207-0040

Tax Annual Amount

$2,716

Tax Year

2,025

Tax Legal Description

LAGO AZUL CONDO UNIT 5706 UNDIV 1/28 INT IN COMMON ELEMENTS OFF REC 20173-4180 OR 20590-1181 0802 1 COC 23684-1591 08 2005 1

County Or Parish

Miami-Dade County

Assigned Schools for 5706 W 26th Ave # 5706, Hialeah, FL 33016

Elementary School

West Hialeah Gardens

Middle School

Palm Springs

High School

Hialeah Gardens High

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

Map & Neighborhood