111 E Flagler St # 705, Miami FL 33131
About this home
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.
Features
- Lobby
- Elevator
- None
- Skyline
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $1,512
- HOA
- $975 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.