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South Florida Investors, Issue 06-27-07
June 28, 2007
South Florida Real Estate Investors

Pre - Foreclosure / Short Sale Property

4601 NW 10th Ave
Fort Lauderdale Florida 33309

Estimated Value : 365k

Make your offer contingent to Bank approval!

3/2 with pool and 2 car Garage. New roof. Approximately 2000sqft living area.

Property is in decent condition, needs interior update, bathrooms, floors, and kitchen cabinets.

Conventional Financing might be considered, prefer cash or hard money. Assignment of contract!


South Florida Wholesale Properties - 06-27-07

2555 NW 4 St.
Pompano Beach, Florida 33069

Wholesale Price: $94,000

Wholesale Property information
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.

Repairs:
The property needs a new roof, new kitchen and bathroom renovation, light fixtures, new flooring, inside/outside painting. Install central AC optional. General landscaping.

Est. cost of repairs: $18,000

● Retail Value: $175,000
● Wholesale Price: $94,000

● Cash or hard money offers only. Absolutely no conventional financing will be accepted.

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


FORECLOSURE / HANDYMAN SPECIAL

704 Jasmine Drive
Lake Park, Florida 33403

OUR WHOLESALE PRICE: $214,900
LIST PRICE: $260,000

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

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


969 Allendale Road
West Palm Beach, Florida 33408

3 Bedroom, 1 bath, 1080 Square Feet

Wholesale properties Price: $134,900
Retail Price: $175,000


** HANDYMAN SPECIAL **

14826 SW 67th Lane (lake front view)
Miami, Florida 33093

Beds/Baths: 3/2
Adj. Sq Footage: 1,735 sq. ft.
Lot Size: 7,900 sq. ft.
Year Built: 1984
Construction: CBS

ARV (After Repaired Value): $385K
Repairs: $100k
Wholesale Properties Price : $190K

MUST CLOSE BY July 13th, 2007. CASH OR HARD MONEY ONLY.


HANDYMAN SPECIAL!
Miami Wholesale Properties - ONLY 84K!

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

Estimated ARV (After Repaired Value): $210K
Repairs: $60k
Wholesale Properties Price : $84K

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 6th, 2007. CASH OR HARD MONEY ONLY.


341 SHADY LANE ROAD,
PALM SPRINGS, FLORIDA 33461

4/2 Single Family Home. Central A/C
Good Roof, CBS Construction. Needs general
interior updating.

OFFERED AT $180,000.

4 bedroom comps:
324 Mid Pines Road $259,900 01-10-07
453 San Mateo Drive $285,000 04-02-07
301 Pinehurst Drive $265,000 12-22-06


Broward Wholesale Properties For Sale:

Wholesale Properties Price: $165,000 (cash or hard money only!!!)
Estimated ARV: $245,000

3611 NW 6th Place
Fort Lauderdale, Florida 33311

3 bedroom/ 2 bathroom
7,700 sf. lot
CBS Construction

Comparables:

3821 NW 7th Street 4/30/07 $240,000
3811 NW 7th Court 1/05/07 $245,000
3700 NW 8th Street 6/04/07 $249,900
3430 NW 3rd Street 5/30/07 $250,000
410 NW 33rd Terrace 1/31/07 $240,000


Estimated Repair Cost: 17K - 23K
-Paint Inside/Out
-Update Windows
-Repair Roof
-Floors
-Update bathrooms
-Central A/C
-Miscellaneous other minor repairs

This is an assignment. Closing must take place on or before 7/13/07. A $5,000 deposit is required.


14 NE 22 St.
Delray Beach, Florida

3 bed, 2 bath house with a carport and a pool.
CBS. 1760 sq. ft.

Needs interior updating.
Just east of Swinton and 1/2 mile north of Atlantic.

Values to 400K.
Wholesale Properties Price : $270,000

DRIVE BY ONLY

All deals require cash or hard money unless otherwise indicated.


1428 NE 53 Ct
Pompano Beach, Florida 33064

Broward Wholesale Properties
Adj. Sq Ft: 828 total
Sub-Division: Pompano Beach Highlands
Folio #: 48-43-07-04-3770
Type: Single Family
Built: 1957

Description:
3/1 CBS bread n' butter property North of Sample and East of Dixie Hwy. Exterior features include a carport, screened front porch, window awnings. Interior features include tile floors throughout and separate laundry room. All appliances are included. Buyer pays seller closing costs.

Repairs:
New kitchen needed, update the bathroom. Central AC optional. Needs light fixtures, paint inside and out. Some dry rot in fascia board needs replacing. Landscaping recommended.

Value:
● Estimated Retail Value: $270,000+
Wholesale Properties Price: $183,000

● Close by 20 July 2007
● Cash or hard money offers only. Absolutely no conventional financing will be accepted.

Comparables:
CLOSED:
1480 NE 54 St
3/1, 828 sq ft
Sold 05/04/2007
$255,000

5220 NE 14 Ter
3/1, 828 sq ft
Sold 05/03/2007
$300,000

1648 NE 54 St
3/1, 828 sq ft
Sold 05/03/2007
$290,000

5256 NE 18 Terr
3/1, 828 sq ft
Sold 03/16/2007
$270,000


810 NE 86 ST.
Miami Florida 33138

Wholesale Properties Price: $230k

Estimated Retail: $365K

Description: 2/1 frame// 975 sq.ft. lot 6,050 sq.ft.
Needs kitchen, rehab about $25K


270-272 NE 118 TER
Miami Florida 33161

Wholesale Properties Price: $330k

Comparables: $485-500K (for single family)

Description: 4/2 1,440 sq.ft. lot 9,375 sq.ft. legal duplex, good condition// one side needs more cosmetic work.


1418 NW 43 st.
Miami Florida 33142

Wholesale Properties Price : $ 130K

Comparables : $190-220K

Description: 2/2// 910 sq. ft. lot 5,000 sq. ft. frame //needs full rehab


841 SW 11ST
Miami Florida 33129

Wholesale Properties Price: $350K

Description: Duplex 2/1 & 1/1 // 1,693 sq.ft. lot 5,244 sq.ft.// 2 water meters, 2 elec. Meters// decent condition//one side had central air, the other window unit// comps @ $450K//potential rent about $2,800


123-39 NW 15 ST
Miami Florida 33135

Wholesale Properties Price: $605K

Description: Income $6,800, 100% occupied, all month to month//12 units all 1/1ís


1770 NW 51 TER
Miami Florida 33142

Wholesale Properties Price : $160K

Comparables : $230K

Description: 2/1, CBS// 1,042sq.ft. lot 5,500sq.ft. good condition.


3660 SW 24 TER
Miami Florida 33145

Wholesale Properties Price : $290K

Comparables : $450-500K

Description: Duplex 4/4 1,812sq.ft. lot 4,800sq.ft// rehab about $40K


679 NW 1 ST
Miami Florida 33128

Wholesale Properties Price: $167K

Description: 3/2 2,357sq.ft. lot 2,500sq.ft. 2 story house//about $50K in rehab

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