MADRID TERRACE CONDO Unit 212 — 6820 W Flagler St 212

Listing details

Address

6820 W Flagler St 212

Price

$185,900

Status

Active for sale

Bedrooms

1

Bathrooms

1

Living area

697 sq ft

Year built

1973

Association fee

$398/month

Days on market

134

Listing description

Charming 1-bedroom, 1-bathroom apartment located in the heart of Miami. This well-maintained unit offers an excellent opportunity for both investors and end-users. Situated in a highly desirable area, the property provides convenient access to major highways, shopping, dining, and is just minutes from Miami International Airport. The apartment features recent upgrades, including a new air conditioning unit installed less than a year ago, a dehumidifier to effectively control indoor humidity, and a brand-new stove, enhancing comfort and functionality. The property is currently tenant-occupied through the Section 8 program, with a lease in place until December 2026 and an option to renew, offering immediate and stable rental income for investors. The new owner must honor the existing lease agreement. Ideal as an income-producing property or as a future primary residence, this unit is perfectly suited for a single occupant or a couple seeking comfort and convenience in a prime location. Don’t miss this opportunity to own in a sought-after Miami neighborhood with strong rental demand and excellent accessibility.