Homes for sale in Hialeah
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Condominium
1950 W 54th St # 406
Hialeah, FL 33012
$260,000
- Beds
- 2
- Baths
- 2
- Sq ft
- 1,080
- Year built
- 1974
- Price per sq ft
- $241
Listing courtesy of Nancy Sanabria, Compass Florida, LLC
About this home
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!
Details
Property
- Type
- Condominium
- Building
- Condo 1-4 Stories
- Year built
- 1974
- Stories
- 4
- Building name
- Westland Eden l
- Subdivision
- WESTLAND-EDEN CONDO I
- County
- Miami-Dade County
- View
- Other View
- Flood zone
- AH
Interior
- Appliances
- Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
- Flooring
- Tile
- Cooling
- Central Air, Electric
- Heating
- Central, Electric
- Features
- Closet Cabinetry, Entrance Foyer, Walk-In Closet(s)
- Furnished
- Unfurnished
Exterior and parking
- Parking
- 2 Or More Spaces, Assigned, Deeded, Guest
- Construction
- Concrete Block Construction
Community and fees
- Association fee
- $474 monthly
- Amenities
- Elevator(s), Exercise Room, Pool
- Maintenance includes
- All Amenities, Building Exterior, Common Area, Elevator, Insurance, Manager, Outside Maintenance, Parking, Pool Service, Reserve Fund, Roof Repairs, Sewer, Trash Removal, Water
- Security
- Smoke Detector, Complex Fenced, Secured Garage/Parking
- Pets
- Restrictions Or Possible Restrictions
- Annual taxes
- $3,396
- Terms
- All Cash
- Minimum lease (days)
- 365
Neighborhood
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The data relating to real estate for sale or lease on this website comes in part from the Internet Data Exchange (IDX) program of MIAMI REALTORS® MLS. Listings are provided by participating brokers.
Information is deemed reliable but is not guaranteed and should be independently verified. It is subject to change and is provided for consumers’ personal, non-commercial use only, to identify properties they may be interested in. Listing last updated August 26, 2026.