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

I just wanted to take this brief opportunity to thank you for submitting your email address and receiving this Wholesale Properties List from us.

Please make you ONLY Drive by the properties and DO NOT Disturb the Residents or talk to neighbors. As Professional real estate investors we must act as such. If you were in foreclosure or loosing your house, you would not want your neighbors knowing about your situation, nor would you like stranger knocking at your door, specially if you had kids in the house.

If any of you all have any questions, please feel free to call me (Frank 954-822-0796). This is not just a business but a hobby. I love talking about Real Estate, and will happily provide you answers to any of your questions. If it's something I can't answer I assure you I will educate myself and provide you with an adequate response.

I recently started a new blog so we can discuss Real Estate and hopefully help each other out. go check it out http://www.realestateinsouthflorida.blogspot.com/

Now let's make some money on these Wholesale Properties.

SOUTH FLORIDA INVESTOR WHOLESALE PROPERTIES LIST / 06-07-2007
 

All These Miami Wholesale Properties and Broward Wholesale properties require cash or hard-money, unless otherwise stated. They are all Drive-by only and PLEASE DO NOT DISTURB THE RESIDENTS! If you are interested in the property, confirm your comparables and call for an appointment.

1350 NW 73 WAY
Hollywood Wholesale Properties (33024)

2/1 CBS with 900 sqft.*
Easy rehab!!!
Only needs kitchen cabinets, bathroom updating, carpet throughout, and landscaping.
House has all new appliances
OFFERED AT $159,900
Comps:
1531 NW 71 Terr - $245,000
7221 Garfield St - $250,000
7701 NW 12 Street - $246,000


1812 SW 9 Street
Fort Lauderdale Wholesale Properties (33312)

3/2 CBS
SFH 1,514 sqft

Property features in ground pool, Central a/c, and updated electric.

Needs: curb appeal, cosmetics, and updating throughout.
OFFERED AT $224,900
Comps:
728 SW 14 Terr $320,000
545 SW 18 Ave $355,000


1157 West 28 Street
Riviera Beach

Duplex

This Wholesale Property is OFFERED AT $124,900

2 (2/1's)
CBS

Needs new appliances. One unit is tiled and one needs new tile. Has window a/c. Needs minor roof work.
THIS IS A STEAL !!
Property is Vacant.


125 SE 8 Avenue,
Boynton Beach Wholesale Properties (33435)

2/1 CBS 750 sqft* Central a/c

This Wholesale Property is OFFERED AT $143,000
New roof in 2001
Needs flooring and general updating.

Comps:
115 SE 8 Avenue $215,000
136 SE 4 Avenue $230,000


5781 SW 14 St.
Plantation Wholesale Properties in FL (33317)

Wholesale Price: $405,900

Wholesale Property Details:
County: Broward Wholesale Properties
Adj. Sq Ft: 1,875 total
Sub-Division: Plantation Isles
Folio #: 50-41-14-01-0380
Type: Single Family
Built: 1960

Description:
4/2 CBS property in Plantation Isles West of the Turnpike off of Peters Rd and 2 miles East of University. The wholesale property sits on a canal with OCEAN ACCESS. Canal recently dredged. Boat dock. Terrazzo floors, central AC. There is an enclosed patio, 2-car garage, tiled roof in a very desirable neighborhood. Area has it all, and is surrounded by parks and in a great school system. All appliances are included. Buyer pays seller closing costs.

Repairs:
The kitchen and bathrooms will need updating. Some drywall repair required. Roof was repaired but there is still come ceiling dry wall that needs to be fixed. Replace windows. Install garage door. Update light fixtures, paint inside and out. Dry rot in fascia board needs replacing. Some landscaping needed.

Value on this Plantation Wholesale Property:
● Retail Value: $540,000+
● Wholesale Price: $399,900

Terms:
● Close by 29 June 2007
● Cash or hard money offers only. Absolutely no conventional financing will be accepted.

Comparables:
CLOSED:
6140 SW 15 St
4/3, 2,119 sq ft
Sold 3/06/2007
$530,000

FSBO's (next door):
5741 SW 14 St.
3/2, 1,728 sq ft.
$599,000

5761 SW 14 St.
3/2, 1,269 sq ft.
$550,000

ACTIVES:
6061 SW 15 St
4/2, 1,713 sq ft.
$675,000

5991 SW 14 St
4/2, 1,804 sq ft.
$599,000

1420 SW 55 Ave
4/2, 1,788 sq ft.
$530,000

5780 SW 13 St
4/2, 1,485 sq ft.
$495,000

If you require a hard money loan, we will provide you with information on how to obtain one.


2555 NW 4 St.
Pompano Beach, FL 33069

Wholesale Price: $102,000
Est. Profit - $43,420 to $53,120

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

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.
Est. cost of repairs: $12,000 - $14,000

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

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

If you require a hard money loan, we will provide you with information on how to obtain one.

Comparables:
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
 


Palm Beach Wholesale Properties

510 W Mango Street
Lantana, FL 33462

2+1+Carport, gross 880 sq.ft., living area 660 sq.ft.
Regular repairs needed. It is a frame house that can be beautifully stuccoed.

Asking Price: $ 134,000
$195.45 /sq.ft.

Comps:
610 W Ocean Ave. sold 2/14/07, $245,000, 2+2, 720 sq.ft. , $340.28/sq.ft.
318 W Ocean Ave. listed 1/16/07, $265,000, 2+1, 764 sq.ft., $346.86/sq.ft.
200 Iris Ave. listed 11/11/06, $349,000, 2+1, 884 sq.ft., $394.8/sq.ft.


1288 W 30th St.
Riviera Beach, FL 33404

3 Bedroom, 2 bath, with carport
1344 square feet
Shutters on all windows
Great Section 8 Rental Property
(current long-term tenant 10+ years)
Very close to schools and church

$8,000 in repairs.

Wholesale Price: $139,900
Retail Price: $180,000

Comps in Area.
1420 W 25th St - $225,000
3/2, 1404 sq ft

1456 W 35th St - $179,000
3/1, 1410 sq ft

1441 W 31st St - $192,000
3/1, 1252 sq ft


5047 North A1A
Ft. Pierce, FL 34949

Atlantic View Beach Club Condominium
North Hutchinson Island

2 Bedroom, 2 Bath, Luxury Condominium
1436 square feet
Nice Ocean View
Backs onto Intra Coastal

Wholesale Price $274,900
(On Assignment)


5411 Wintergarden Parkway
Ft. Pierce, FL 34951

Lovely 2-story home on Large Lot
1350 square feet (approx) under air
Great Neighborhood
Conveniently located

Needs minor repairs
Repair Estimate $4000

OUR WHOLESALE PRICE: $124,900
LIST PRICE: $165,000

COMPS IN AREA:
7801 Westmont (active MLS)
1348 Square feet w/pool - $169,900

8102 Santa Clara (sold)
3/2 no pool- $156,500


5813 SW 38th Street
Greenacres, FL 33463

2 Bedroom 2 Bath Center Unit of Triplex
Great Rental Property
No repairs needed
MOVE-IN CONDITION

Wholesale Price $125,000

Comps in area:
5815 S 38th (next door) $171,000
5805 S 38th (4 doors away) $180,000
5840 S 38th - $172,000
5710 S 38th - $180,000


25 UNIT RIVIERA BEACH

LOCATION:
116 west 15 street
Riviera Beach, Florida, 33404

There are 3 buildings.
Total of 25 units.
That sit on 4 lots.
2 lots of it are available for future building(s).
5 of the units do not have kitchens.
20 of the units have small kitchens, that consist of fridge, stove, cabinets, and a sink.
All the units are efficiencies with their own bathroom.
5 are laid out so that they can easily be 1 bedroom apartments. There is a 2-story office that has a full kitchen & bathroom upstairs and downstairs, that could be used as a small office and 2 additional 1 bedroom apartments. That would give you a total of 27 units. 13 of them are rented. 3 of them are re-habbed and ready to rent. 9 - 11 of them need up-dating. Roof has a couple of small leaks here and there, but in my opinion it has seen its better day and I would replace it.
Does have a pool and fenced yard.
These are on a week-to-week rental. The 13 currently bring in $7,700 each month.
They all have wall/window a/c units.
There are only 5 electric meters in all.
At full occupancy seller was told the electric runs about $1,800 each month, and the water and gas runs about $1,400.

This Wholesale Property Offered at $540,000
25 units plus the 2 buildable lots

25 UNIT RIVIERA BEACH WHOLESALE PROPERTIES

25 UNIT RIVIERA BEACH WHOLESALE PROPERTIES

25 UNIT RIVIERA BEACH WHOLESALE PROPERTIES

25 UNIT RIVIERA BEACH WHOLESALE PROPERTIES

25 UNIT RIVIERA BEACH WHOLESALE PROPERTIES

25 UNIT RIVIERA BEACH WHOLESALE PROPERTIES

25 UNIT RIVIERA BEACH WHOLESALE PROPERTIES


125 Se 8th Ave
Boynton Beach 33435

2/1, CBS, 750 s.f
New roof in 2001
Needs kitchen and flooring update
Wholesale Properties Price: $143,000

Comp:
115 SE 8th Ave 775s.f. sold 4/6/07 $215,000
136 SE 4 Ave 917 s.f. sold 12/07/7 230,000


DO NOT DISTURB TENANT; PROPERTY WILL BE VACANT AT CLOSING.
THIS IS A GREAT MIAMI WHOLESALE PROPERTY IN A NEIGHBORHOOD WITH A TON OF PROPERTY SELLING IN TODAY'S MARKET, TAKE A LOOK AND SEE. IF YOU ARE INTERESTED CALL IMMEDIATELY WE USUALLY HAVE MULTIPLE OFFERS ON OUR MIAMI WHOLESALE PROPERTIES.

4/2 IN OPA LOCKA WITH A TON OF VERY MARKETABLE UPGRADES - VERY LITTLE WORK NEEDED. IF YOU ARE INTERESTED DO NOT HESITATE TO MAKE AN OFFER WE WILL SELL THIS PROPERTY TO THE HIGHEST CONTRACT!

2320 NW 174TH TERRACE
MIAMI GARDENS, FL 33056

4 Bedroom, 2 Bath Single Family Home
1,490 Sq Ft (on tax roll actually much larger)

This Miami Wholesale Property Features:
New Roof (2 years)
New AC (1 Year)
All new Dade County Impact Hurricane Windows (1 year and over $20K)
Water View on Usable Lake
Large Living Spaces
One Bath Already Upgraded
Large Laundry Room

Property Could Use:
Interior Paint
One Bath Updated
Wall Between Two Beds Replaced
Some minor Drywall Repairs
Flooring
Minor Kitchen Updating

Asking $205,000
Value $275,000 to $290,000

Active Comps:
17730 NW 36TH AVE $257,000 4/2 ONLY 1,391 SQ FT AND IN FORECLOSURE
17810 NW 28TH CT $289,900 4/2 1,403 SQ FT NO WATER
2900 NW 179TH ST $285,000 3/2 1657 SQ FT NO WATER

Closed Comps:
17540 NW 27 CT $255,000 3/2 1/26/07
2321 NW 172 TE $281,491 3/2 5/29/07
3460 NW 171 TER $290,000 3/2.5 4/2/07
1502 NW 185th St $180,000 3/2 7/31/06


4302 Greenwood Ave. West Palm Beach 33407
4/4 Block Construction
1646 Sq. Ft.

Investors Cost $223,000
Rehab Estimate $10,000
After Rehab Value $300,000

Equity Spread $67,000

Quadraplex on large lot in a great rental area. Property in need of interior cosmetic work. Quad consists of 4 1/1's. This unit will cash flow!

Cash or Hard Money!!

$5000.00 down with contract


MOVE IN CONDITION!
DRIVE-BY ONLY
Miami Wholesale Properties

WOODMERE Subdivision in Miami!

The Homeowners Of This Wholesale Property Took Excellent Care Of Their Investment!

Please do not disturb the residents.

PROPERTY INFORMATION:
PROPERTY ADDRESS: 1170 NW 66 Street, Miami, 33150

This Miami Wholesale Property is a 2 bedroom, 1 bathroom home in the Woodmere subdivision of Miami. This house is in MOVE IN condition. It has a security alarm system; termite policy; upgraded electric; new roof; and nice ceramic tile floors. The bathroom is upgraded and the kitchen has very nice appliances. The house also has a laundry area with washer and dryer.


Property Details:
Bedrooms: 2
Bathrooms: 1
Construction: CBS
Square Feet: 850 living area
Legal Description: Lot 23 Blk 2, WOODMERE, 14-11
County: Miami-Dade
Parcel ID Number: 01-3114-021-0330

Comparable Value Summary:
This property has an estimated value of $185,000.00

Pricing Information
This property is offered at $142,500.00 or best offer.

HARD MONEY IS AVAILABLE!
Call Us Today!
It must close prior to July 27, 2007.

TERMS:
CASH or HARD MONEY FUNDING ONLY. BANK FINANCING MAY BE ACCEPTED FROM QUALIFIED BUYERS. If you need HARD MONEY we will provide you with information on how to obtain. If you need and believe you qualify for bank financing, we also have options that you may want to explore in that regards as well.

Viewing Instructions: Drive by and then contact our office so we can make an appointment for you to view the inside.
Please do not disturb residents.


5721 Wingham Way
Lake Worth, FL 33463

3 Bedroom, 2 bath, 1 car garage
CBS, new roof in 2006
End Unit Villa - 1414 square feet
fenced rear yard, nice neighborhood, close to shopping

Needs only paint and carpet
Repair Estimate $5000

Wholesale Price $147,000
(On Assignment)

Recent sale comps in area:
5467 Barnstead Circle
1161 square feet, $200,000

5647 Barnstead Circle
1167 square feet, $215,000


400 Northlake Court
North Palm Beach, FL 33408

2 Bedroom, 2 Bath
936 square feet

WATERFRONT
40-foot deeded dock with Intracoastal access

Wholesale Price $235,000
(On Assignment)

New "as is" appraisal: $290,000
Value after repairs: $325,000


704 Jasmine Drive
Lake Park, FL 33403

Lovely 3/2 Pool Home on Large Corner Lot
1570 square feet under air
Great Neighborhood - fenced rear yard
Conveniently located near Northlake Boulevard

Repair Estimate $10,000

OUR WHOLESALE PRICE: $214,900
LIST PRICE: $275,000

COMPS IN AREA:
740 W. Kalmia Drive
1370 square feet - .29 Ac - $328,000

326 E. Kalmia Drive
1502 square feet - .32 ac - $275,000

Want to place an offer on a Property before it's gone? Call 954-822-0796

 

Want to buy South Florida Investment Properties? NEED Hard Money? Call 954-449-1431  
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