111 E Flagler St 506, Miami, FL 33131 — MLS photo

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111 E Flagler St 506, Miami, FL 33131

Active · Condominium

$235,000

111 E Flagler St 506, Miami, FL 33131

Beds
1
Baths
1
Living area
553 sq ft
$ / sq ft
$425/sq ft
Year built
1951
Lot size
—
HOA fee
$648
Annual tax
—

About this property

Step into a true piece of Miami's history, an iconic Downtown property rich with character, heritage, and timeless appeal. Originally constructed as a bank, still showcasing its authentic vault door, is a striking architectural centerpiece. Offering vintage charm and historic significance in the urban core of the electric city. The building's enduring character provides the perfect canvas for a visionary owner or investor. Situated in the heart of Downtown Miami, surrounded by ongoing growth, revitalization, and new development, the property offers not only irreplaceable charm but also exceptional future upside. This is a rare opportunity to own a landmark setting where history, character, and potential converge in one truly distinctive offering. Just steps from public transportation.

Property location

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111 E Flagler St 506, Miami, FL 33131

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
553 sq ft

Exterior & Structure

Property type
Condominium
Year built
1951

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$648
County
Miami-Dade
MLS listing ID
A12006432
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$793

Cap rate
1.6%
Net yield
1.6%
Cash-on-cash return
-14.5%
Gross yield
8.4%
Mortgage payment
$1,114/mo
Down payment
$58,750
Loan amount
$176,250
Annual NOI
$3,848

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.