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South Florida Investors, Issue 06-04-07
June 04, 2007
South Florida Real Estate Investors


Miami Dade and Broward Wholesale Properties / 06-04-2007

1809 SW 22nd St
Fort Lauderdale Wholesale Properties, FL 33315
2/2 Block Construction
850 Sq. Ft.

Investors Cost $235,000
Rehab Estimate $10,000
After Rehab Value $330,00

Equity Spread After Rehab $85,000

Nice 2/2 CBS house in East Fort Lauderdale. This Fort Lauderdale Wholesale Property needs minor repairs throughout. House is currently rented for $1150/month


1541 W 9th St
West Palm Beach, FL 33404
3/1 Block Construction
886 Sq. Ft.

Investors Cost $110,000
Rehab Estimate $8,000
After Rehab Value $150,00

Equity Spread After Rehab $32,000

Nice 3/2 CBS house in Riviera Beach. House needs minor repairs throughout and will be vacant at closing. Located South of Blue Heron between Australian and Congress.


17821 SW 103rd Ave.
Miami, Fl 33157

3/1 Block Construction
1371 Sq. Ft.

Investors Cost $102,000
Rehab Estimate $30,000
After Rehab Value $190,00

Equity Spread After Rehab $58,000

Large House...big enough to make it a 3/2 or 4/2. Needs quite a bit of work but price is 50 cents on the dollar. Neighborhood is filled with brand new houses selling in the mid $200,000.


2911 NW 174th St.
Miami Gardens, Fl 33056

4/2 Block Construction
1751 Sq. Ft.

Investors Cost $200,000
Rehab Estimate $8,000
After Rehab Value $260,000

Equity Spread After Rehab $52,000

Nice 4/2 CBS in Miami Gardens Wholesale Property. House is in very good shape. Repairs include minor cosmetic work and 1 bath needs to updated.


6202 Deleon
Ft. Pierce, FL 34951

Lovely Home on Large Lot
1350 (approx) square feet under air
Great Neighborhood
Conveniently located

Needs minor repairs
Repair Estimate $8000

OUR WHOLESALE PRICE: $109,000

LIST PRICE: $155,000

COMPS IN AREA:

7502 Sebastian Road
1340 square feet - sold $173,000

5511 Deleon Ave
1272 square feet - sold $180,000


2966 NW 47 Street

Miami Wholesale Properties, FL 33142

6 Bedroom / 2 Bath

1,772 Sq. FT; Lot Size 5,554

Needs $15K in Repairs

Great Income Producing Property

Asking $154K

Plenty of parking space in the back with a separate entrance which could be used as an additional efficiency for extra $ income

Comparables

Address                Sale Price/  Yr. Built/ Bed/ Bath/ Sale Date/ Bld/Liv/ Lot Area/ Dist.

3100 NW 49 St.      $220,000       1951        3         1      1/9/2007       1,543      8,250         0.2

3171 NW 47 St.      $235,500      1962         3         2      2/21/2007      1,546     7,150         0.2

3175 NW 48 St.      $195,000      1951         3         1      12/28/2006    1,598     7,150          0.3

ARV $217,000
Repairs $15,000
Price Only $154,000
Gross Profit $48,000


3541 Old Dixie Highway
Riviera Beach
SOUTH FLORIDA FORECLOSURE !!!
SFH w/garage - Sits on a double lot. Zoned Commercial.
Can be used for residential or office !
1,250 sqft
VACANT
This property is offered at $ 104,900.


2555 NW 4 St.
Pompano Beach, FL 33069

Wholesale Properties Price: $102,000
Est. Profit - $37,420 to $48,120

Wholesale Property Details:
County: Broward
Adj. Sq Ft: 1,005 total
Sub-Division: Collier City
Folio #: 4842 33 04 2150
Type: Single Family
Built: 1955

Wholesale Property Description:
Great bread and butter 3/1 CBS single family in Pompano Beach just north of Atlantic Blvd. and just west of Powerline Road. AC window units. Covered front porch. Great price to buy, hold and rent Section 8. Buyer pays seller closing costs.

Repairs:
The property is in need of roof repairs, some fascia & soffit repairs, kitchen and bathroom renovation, light fixtures, needs new flooring and inside/outside painting. Install central AC optional. Recommend landscaping.

Wholesale Properties Value:
● Retail Value: $175,000
● Wholesale Price: $97,900

Terms:
● Close by 15 June 2007
● Cash or hard money offers only. Absolutely no conventional financing will be accepted.

Comparables for this Pompano Beach Wholesale Properties:
CLOSED:
2710 NW 9 Court
3/2, 1,200 sq ft
Sold 03/2007
$181,000

2820 NW 6 Court
3/2, 1,200 sq ft
Sold 03/2007
$201,000

2149 NW 3 Street
2/1, 676 sq ft
Sold 02/2007
$162,000

2809 NW 4th Street
2/1, 598 sq ft
Sold 01/2007
$169,000

2870 NW 4th Street
2/1, 598 sq ft
Sold 01/2007
$169,000

ACTIVES:
3043 NW 3rd Street
3/1, 960 sq ft
$235,000

2741 NW 4th Court
2/1, 936 sq ft
$205,000

2580 NW 4th Court
2/1, 720 sq ft
$195,000

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