5155 West Tropicana Avenue #1128
Stabilized 2-Bed Condo with Value-Add Upside
Marketing description
The Hyde Real Estate Group is pleased to present Unit #1128 at 5155 Tropicana, a stabilized investment opportunity within a gated condominium community featuring pools and landscaped common areas. The unit is currently tenant-occupied and operating at an approximate 5.5% cap rate, with the option to deliver the property vacant at close, providing flexibility for value-add or repositioning strategies. The interior offers a spacious living room with a dedicated dining area, two bedrooms, two full bathrooms, and in-unit laundry. Covered parking and ample guest parking are included. The property has been well maintained and offers clear upside through light renovations, making it a well-priced opportunity for investors seeking both current cash flow and future appreciation.
Investment highlights
Stabilized Cash Flow: Currently tenant-occupied and performing at an approximate 5.5% cap rate
Value-Add Upside: Well-maintained unit with clear potential for light renovations and rent growth
Unit Configuration: 2 bedrooms / 2 full bathrooms with spacious living room and dedicated dining area
In-Unit Laundry: Washer and dryer located inside the unit
Parking: Covered parking plus ample guest parking available
Gated Community: Controlled access with pools and landscaped common areas
Strong Pricing: Well-positioned entry point for both new and seasoned investors
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