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South Florida Investors, Issue 06-13-07
June 13, 2007
South Florida Real Estate Investors

Fellow Investors, please remember that these properties are drive by only. If you are interested, and I mean interested to the point that you are willing to inspect with your deposit in hand, call me for an appointment (Frank 954-822-0796). These properties do go pretty fast, specially the good ones.

Palm Beach Wholesale Properties, Miami Wholesale Properties and Broward Wholesale Properties / 06-13-07

Multifamily Duplex
1278 NW 44th St
MIAMI, Florida. 33142

MV (Market Value) : $222,000
Wholesale Properties Price : $134,000
Rehab Estimate : $0

Description:
Beds/Baths: 3/3
Floors: 1
Living Units: 2
Adj Sq Footage: 1,192
Lot Size: 5,000 SQ FT
Year Built: 1935

Good Condition
Multifamily Residence
2/2 Rents = $1,200
1/1 Rents = $500
Cash Flow $1,700 per month

PLEASE DO NOT DISTURB TENANTS
Possible Exit Strategies: Rent to Sec 8
Financing: Cash or Hard Money Only

Comparable Sales:
Sale 1 - 4015 12TH, MIAMI, FL 33127-2734 (Radius: 0.20 mile)
Sale Date 03/23/2007 Lot Size 9,546 Bedrooms 4
Sale Price $260,000 Living Area 1,488 Bathrooms 2

Sale 2 - 1290 46TH, MIAMI, FL 33142-4175 (Radius: 0.11 mile)
Sale Date 07/14/2006 Lot Size 5,150 Bedrooms 3
Sale Price $210,000 Living Area 1,351 Bathrooms 2


6 Units 1/1
172 NW 12th St
MIAMI Florida

MV (Market Value): $470,000
Wholesale Properties Price : $344,000
Rehab Estimate: $0


Description:
Beds/Baths: 6/6
Floors: 2
Living Units: 6
Adj Sq Footage: 2,225
Lot Size: 4,750 SQ FT
Year Built: 1958

Downtown/Over town (development opportunity)
Separate electric, and water, CBS construction 4 rented for 500
per month 2 vacant. Great condition, in area of development,
downtown Miami. Gross $3000 per month

PLEASE DO NOT DISTURB TENANTS

Possible Exit Strategies: Rent to Sec 8 ready 6, 1/1 rents for $779 per month.
Gross $4,674 per month
Financing: Cash or Hard Money Only
Comparable Sales

Address Sales Price Year Built Beds Bath Rec. Date Sqft. Dist.
1842 NW 33RD ST $360,000 1924 5       5 01/05/2007 2350 2.28

6 Units 2/1
1127 NW 1st Place
MIAMI, Florida 33128

MV (Market Value): $440,000
Wholesale Properties Price : $335,000
Rehab Estimate: $0

Description:
Beds/Baths: 12/6
Floors: 2
Living Units: 6
Adj Sq Footage: 3,188
Lot Size: 5,000 SQ FT
Year Built: 1956

Downtown/Over town (development opportunity)
Separate electric, and water, CBS construction 4 rented for $650
per month and 2 vacant. Good condition, in area of development,
downtown Miami. Gross $3900 per month

PLEASE DO NOT DISTURB TENANTS

Possible Exit Strategies:
Rent to Sec 8 ready 6, 2/1 rents for $1,018 per month
Gross $6,108 per month
Financing: Cash or Hard Money Only


4 Units 2/1, 1/1, Efficient & Store front
6905-15 NW 15 AVE
MIAMI Florida 33147

MV (Market Value): $340,000
Wholesale Properties Price : $265,000
Rehab Estimate: $0

Description:
Beds/Baths: 4/4
Floors: 2
Living Units: 4
Adj Sq Footage: 2,698
Lot Size: 5,000 SQ FT
Year Built: 1962

Downtown/Over town (development opportunity)
Separate electric, and water, CBS construction. Great condition,
in area of development, downtown Miami.
Rent: 2/1 $980 per mo. Sec 8, 1/1 $700 per mo.
Store front $800 mo. lease and efficient $500 vacant.
Gross $3,000 per month

PLEASE DO NOT DISTURB TENANTS

Possible Exit Strategies: Rent to Sec 8 ready
Financing: Cash or Hard Money Only


****** Miami Vacant Land for Sale *******
584 NW 91 St.
Miami (El Portel), Florida

Market Value Description: $475,000
Investor's Cost: $255,000

Lot Size: 30,900 SQ FT

* Miami Vacant lot for sale *

31000sq ft vacant lot city water county septic can build 10 to 16
units Great.....deal!


MIAMI HANDYMAN SPECIALS ! ONLY 102K !

1785 NW 50 St
MIAMI, Florida 33142

Beds/Baths: 2/1
Adj. Sq Footage: 1,121 sq. ft.
Lot Size: 5,250 sq. ft.
Year Built: 1924

ARV (After Repaired Value): $210K
Repairs: $60k
Asking: $102K

Comparable Sales:
1.)1740 NW 46 St Miami, FL. 33142 03/2007 $210,000
Bed/Bath: 2/1 LA: 1,054 sq. ft. Year Built: 1934 Lot: 4,928 sq. ft.

2.)1899 NW 53 St Miami, FL. 33142 03/2007 $220,000
Bed/Bath: 2/1 LA: 1,120 sq. ft. Year Built: 1937 Lot: 6,600 sq. ft.

3.)1853 NW 47 Ter Miami, FL. 33142 04/2007 $230,000
Bed/Bath: 2/1 LA: 1,283 sq. ft. Year Built: 1936 Lot: 4,796 sq. ft.

MUST CLOSE BY July 1st, 2007. CASH OR HARD MONEY ONLY.
HANDYMAN SPECIAL, UNDER 100K!

All these Miami Wholesale Properties and Broward Wholesale Properties require: cash or hard-money, unless otherwise specified. They are all Drive-by only
Call if further interested Frank (954) 822-0796


290 NW 63 Court,
Miami Florida 33126
3/2
SFH
CBS
1,306 sqft'
Great neighborhood. Needs new roof, interior updating, a/c, landscaping, etc...
Wholesale Properties Price : $272,000


Broward Wholesale Properties

1812 SW 9 Street
Fort Lauderdale, Florida33312
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.
Wholesale Properties Price : $224,900
Comps:
728 SW 14 Terr $320,000
545 SW 18 Ave $355,000


1157 West 28 Street
Riviera Beach, Florida
Duplex
Wholesale Properties Price : $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.


6140 Monroe Street
Hollywood, Florida
2/1
SFH
CBS
1,890 sqft'
Needs central a/c, cosmetics, and general updating throughout. Comps between $200k & $220k or higher (I sold 6120 Monroe for 234k)
Wholesale Properties Price : $159,900


2555 NW 4 street
Pompano Beach, Florida 33069
3/1 CBS
900 sqft*
Wholesale Properties Price : $102,000
Would make a great rental. Has a/c window units. Needs roof repair, light fixtures, flooring, paint, updating of kitchen and bathroom.
House Comps out at $160,000 to $170,000


1309 NE 14 street
Fort Lauderdale, Florida 33304
Large 2/2
SFH 1,400 sqft'
Wholesale Properties Price : $265,000
Originally a 3/2 but 2 of them were combined to a master bedroom. Very Very little work needed. Has a new roof,
and new fence. Also has great landscaping, and a pool in the back yard.
Needs: Clean-up inside and out, and interior paint
House Comps out at 400K


1267 NW 45 St
Miami, Florida
CBS 2-houses on 1-lot,
3/2 in front 2/1 out back.
Wholesale Properties Price : $205,000
Clean property.
Needs little work.
Comps out at $250k.
Cash or Conventional


1619 Shenandoah street
Hollywood, Florida 33023
CBS 4/3
2,286 sqft' with pool
Wholesale Properties Price : $240,000

Property has a 1/1 mother-in-law quarters. Newer roof, a/c, windows. Desirable neighborhood. House was recently appraised for $420 k. This one is bank financable.
Would be great for an end buyer. Know Anybody ?


Lake Worth Wholesale Property

Wholesale Properties Price : $380,000

7840 OAKMONT DR
LAKE WORTH, FLORIDA

The Numbers...
Equity/Spread: $92,870
ARV: $515,000
Cost of Repairs: $42,130

VERY LARGE SINGLE FAMILY HOME
DOUBLE CAR GARAGE
2 AIR CONDITION UNITS
OVER 4,300 SQUARE LIVING AREA

4 BEDROOM 4 BATH

LARGE SCREENED PORCH/ INDOOR POOL


Palm Beach Wholesale Property at:
8442 Dynasty Drive,
Boca Raton, Florida 33433

Beautiful, well-kept single family house, 2 bed+2 bath (hot tub in master bath)+1 garage, with an attic, gross area 1,545 sq.ft., living area 1,100 sq.ft.

Only cosmetic repairs and updates needed.

Wholesale Properties Price : Reduced! $214,900

Comps:
1. 23117 Old Inlet bridge Drive, sold 4/26/07, $355,000, 2+2, 1,120 sq.ft. , $316.96/sq.ft.
2. 8371 Garden Gate Place, sold 4/26/07, $275,000, 2+2, 1,233 sq.ft., $223/sq.ft.
3. 8338 Dynasty Drive, sold 3/1/06, $315,000, 3+2, 1,230 sq.ft., $256.1/sq.ft.


1821 NW 2nd Ter.
Pompano Beach, Florida 33060

3/1 Block Construction
1529 Sq. Ft.

Wholesale Properties Price $147,000
Rehab Estimate $20,000
After Rehab Value $225,000

This Broward Wholesale Property is in need of full cosmetic rehab. Windows and doors, paint and ceilings, carpet and flooring, central a/c, appliances, electrical and landscaping.


2966 NW 47th St.
Miami, Florida 33142

6/2 Block Construction
1772 Sq. Ft.

Wholesale Properties Price $165,000
Rehab Estimate $20,000
After Rehab Value $250,000

Large CBS structure with 6 beds and 2 baths zoned R-2 and could be used as a duplex. This Miami Wholesale Property in need of cosmetic work.


7756 NW 9th Ave.
Miami, Florida 33150

2/1 Block Construction
1802 Sq. Ft.

Wholesale Properties Price $115,000
Rehab Estimate $35,000
After Rehab Value $215,000

Spanish style CBS structure in need of complete rehab. Has lots of potential


9600 Carousel Circle South
Boca Raton, Florida 33434

3/2/2 Block Construction
1615 Sq. Ft.

Wholesale Properties Price $320,000
Rehab Estimate $15,000
After Rehab Value $425,000

This Palm Beach Wholesale Property needs basic updating and touch ups. HOA dues are $240/Quarter

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