
$260,000
Apartment for Sale, 1950 W 54th St 412, Hialeah, Florida 33012
- MLS#A12018558
- 2
- 2
100 m² (1,080 ft²)
Listed By Compass Florida, LLC
The Apartment for Sale located at 1950 W 54th St 412, Hialeah, Florida 33012 is currently for sale. This property has 2 bedrooms, 2 bathrooms.
Description
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!
Location
1950 W 54th St 412, Hialeah, Florida 33012
Property features
Property
- Property size:
100 m² (1,080 ft²)
Construction
- Year built: 1974
- Condition: Remodeled
- Construction: Concrete/Block
Parking/Garage
- Parking description: Guest ParkingAssigned
- Garage description: Automatic Garage Door Opener
Bedrooms
- Bedrooms: 2
Bathrooms
- Total bathrooms: 2
- Full bathrooms: 2
Interior Features
- Windows: Hurricane Shutters
- Floors: Tile
- Trim: Closet Cabinetry
Security
- Features: Smoke Detector
View
- Features: Pool View
Heating and Cooling
- Heating System: ElectricCentral
- Cooling System: ElectricCentral AC
Community
- Features: Pets AllowedElevatorsAssociation Gym/Exercise Room
School information
- High School: Hialeah-Miami Lakes
- Middle School: Hialeah Gardens
- Elementary School: Dupuis; J.G.