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5706 W 26th Ave # 5706, Hialeah FL 33016

Condo/Co-op For Sale
$225,000

BTC: 2.68448368

ETH: 84.90566038

135 days
Waterfront
2 bds
1 ba
696 sqft

Overview

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!

Location

Details

Type:
Residential
Parking:
2 Or More Spaces / Assigned / Deeded / Guest
Year Built:
1991
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$323
Cooling:
Central Air / Electric
HOA:
$300

Valuation

Our model vs. what's actually selling nearby.
Estimate
$200,000
$155K – $250K
Confidence Low
List vs. estimate
$25K above estimate
List $225,000 · +12.5%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$323
+18.9% vs. city median $271
Based on
71 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $276K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$2,716
2025
HOA
$300/mo
View
Garden View
Waterfront
Lake
Pets
Restrictions Or Possible Restrictions
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

    Appliances

    • Electric Water Heater

    • Microwave

    • Electric Range

    • Refrigerator

    Other interior features

    • First Floor Entry

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 1

  • Parking

    • 2 Or More Spaces

    • Assigned

    • Deeded

    • Guest

    Property

    • Levels: 1

    Other Property Information

    • Parcel Number: 04-20-34-207-0040

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $300

    • HOA Frequency: Monthly

    • Annual tax amount: $2,716

  • Source details

    • MLS ID: A12018601

    Other facts

    • Construction Materials: Concrete Block Construction

    • Laundry Features: Common Area

    • Window Features: Complete Accordian Shutters / Hurricane Shutters / Blinds

    • Waterfront: Yes

    • Living Area: 696

    • Subdivision Name: LAGO AZUL CONDO

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Compass Florida, LLC