Interior
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 836 sq ft
Active · Condominium
$289,000
111 E Flagler St 705, Miami, FL 33131
- Beds
- 2
- Baths
- 1
- Living area
- 836 sq ft
- $ / sq ft
- $346/sq ft
- Year built
- 1951
- Lot size
- —
- HOA fee
- $975
- Annual tax
- —
About this property
Prime investment opportunity in the heart of Downtown Miami. We have a 2BD/1BA unit available in the historic Flagler First Condo, ideally located steps from Miami Dade College, Bayside Marketplace, Bayfront Park, and public transportation. This unit is the best-priced in the building and is priced specifically for a quick sale. Please note that the property is being sold as-is, with a price that reflects the current special assessment and pending city permits. It is an ideal choice for investors or cash buyers looking to capitalize on the rapid redevelopment of the Downtown area. The building features secured entry and on-site management, offering unbeatable walkability to nearby shopping and dining. Only Cash offers, the unit is easy to show.
Property location
Get Directions111 E Flagler St 705, Miami, FL 33131
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1951
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- Association fee
- $975
- County
- Miami-Dade
- MLS listing ID
- A12011695
- 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
-$901
- Cap rate
- 1.9%
- Net yield
- 1.9%
- Cash-on-cash return
- -13.4%
- Gross yield
- 9.6%
- Mortgage payment
- $1,370/mo
- Down payment
- $72,250
- Loan amount
- $216,750
- Annual NOI
- $5,626
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.