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Echelon Collectives Real Estate Firm

concierge@echeloncollectives.com +1(954) 410-5098

$260,000

Est. payment - /mo

2 Beds

2 Baths

1,080 SqFt

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Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,080 sqft

Price per Sqft $240

Subdivision Westland-Eden Condo I

MLS Listing ID A12018558

Style Other

Bedrooms 2

Full Baths 2

HOA Fees $474/mo

HOA Y/N Yes

Min Days of Lease 365

Leases Per Year 1

Year Built 1974

Annual Tax Amount $3,396

Tax Year 2025

Property Sub-Type Condominium

Property Description

OPPORTUNITY KNOCKS! WEST HIALEAH REAL ESTATE PORTFOLIO! Incredible turnkey opportunity for Cash Investors of 4 strategic condo units sold together for immediate, stabilized cash flow 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, 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 after taxes & assoc fees. Enjoy a unique investor advantage with minimal operational friction, low association fees, reserved parking, and no pending assessments in well-managed, well-funded associations. 2022 Roof & Elevators. Capital improvements include regularly maintained HVAC, hot water heaters and electric as well as updated bathrooms & kitchens. The portfolio is highly stabilized with leases extending into 2027, and one unit market-ready for immediate income. Strategically located in a central commuter hub tailored for the essential workforce, tenants enjoy short commutes via the Palmetto Expressway, SR 924, 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

State FL

County Miami-dade

Community Westland-Eden Condo I

Area 20

Interior

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

Heating Central, Electric

Cooling Central Air, Electric

Flooring Tile

Appliance Built-In Oven, Dryer, Electric Range, Microwave, Refrigerator, Washer

Exterior

Exterior Feature Storm/Security Shutters

Pool Association

Amenities Available Fitness Center, Pool, Elevator(s)

View Pool

Garage No

Private Pool Yes

Building

Architectural Style Other

Structure Type Block

Schools

Elementary Schools Dupuis; J.G.

Middle Schools Hialeah Gardens

High Schools Hialeah-Miami Lakes

Others

Pets Allowed Conditional, Yes

HOA Fee Include Association Management,Amenities,Common Areas,Insurance,Maintenance Structure,Parking,Pool(s),Reserve Fund,Roof,Sewer,Trash,Water

Senior Community No

Restrictions OK To Lease

Tax ID 04-20-35-061-0540

Security Features Complex Fenced,Smoke Detector(s)

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Listed As-Is

Pets Allowed Conditional, Yes

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12018558

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Miami Association of Realtors (SEFMIAMI MLS)

Listed by Compass Florida, LLC

Nearby Locations

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1950 W 54th St #412 Hialeah, FL 33012