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1950 W 54th St # 406, Hialeah FL 33012

Condo/Co-op For Sale
$260,000

BTC: 3.96946565

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11 days
2 bds
2 ba
1,080 sqft

Overview

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

Details

Type:
Residential
Parking:
2 Or More Spaces / Assigned / Deeded / Guest
Year Built:
1974
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$241
Cooling:
Central Air / Electric
HOA:
$474

Valuation

Our model vs. what's actually selling nearby.
Estimate
$235,000
$170K – $289K
Confidence Low
List vs. estimate
$25K above estimate
List $260,000 · +10.6%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$240
-14.5% vs. city median $281
Based on
321 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $228K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,396
2025
HOA
$474/mo
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Pets
Restrictions Or Possible Restrictions
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

    Appliances

    • Dryer

    • Electric Water Heater

    • Ice Maker

    • Microwave

    • Electric Range

    • Refrigerator

    • Washer

    Other interior features

    • Closet Cabinetry

    • Entrance Foyer

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • 2 Or More Spaces

    • Assigned

    • Deeded

    • Guest

    Other Property Information

    • Parcel Number: 04-20-35-061-0300

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $474

    • HOA Frequency: Monthly

    • Annual tax amount: $3,396

  • Source details

    • MLS ID: A12018559

    Other facts

    • Construction Materials: Concrete Block Construction

    • Window Features: Complete Accordian Shutters / Hurricane Shutters

    • Living Area: 1080

    • Subdivision Name: WESTLAND-EDEN CONDO I

Private inquiry
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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