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South Florida Investors, Issue 08-23-07
August 24, 2007
South Florida Real Estate Investors

South Florida Wholesale Properties, Broward Wholesale Properties, Miami Wholesale Properties and Palm Beach Wholesale Properties. 08-23-07
DO NOT DISTURB TENANTS/OCCUPANTS. Only Drive by the property and research the comparables, then call and request to view the inside when interested in the property.


LIGHT HANDYMAN!

17721 SW 113TH AVENUE
MIAMI, FL 33157

3 BEDROOMS / 2 BATHROOMS
ADJ. SQFT.: 1,285
LOT SQFT.: 7,600
CONSTRUCTION: CBS
YEAR BUILT: 1961

AFTER REPAIRED VALUE (ARV) = $285,000
REPAIRS = 12K
Wholesale Property Price: $219,000

CASH, HARD MONEY, OR CONVENTIONAL FINANCING. MUST CLOSE ON OR BEFORE SEPTEMBER 14, 2007.


HANDYMAN SPECIAL FOR 99K!

20515 NW 23RD AVENUE
MIAMI GARDENS, FL 33056

2 BEDROOMS / 1 BATHROOM
TOTAL SQFT.: 1,198
CONSTRUCTION: CBS
YEAR BUILT: 1961

AFTER REPAIRED VALUE  = $150,000
REPAIRS = 12K
Wholesale Property Price: $104,000

CASH OR HARD MONEY ONLY. MUST CLOSE ON OR BEFORE SEPTEMBER 7, 2007.


66 NE 173 Street
N. Miami Beach, Florida 33162

Wholesale Property Price:  $220,000
Est. Profit - $24,300 to $46,800

County: Dade
Adj. Sq Ft: 1,372
Sub-Division: North Beach Park
Folio #: 07-21-12-007-0070
Type: Single Family
Built: 1956

Good starter home with 3 bedrooms, 2 bathrooms and 1 car garage. Has central A/C and upgraded electric. Good family neighborhood.
Needs new roof, update kitchen cabinets bathrooms and replace tile floors. Paint in and out and landscaping.

● Est. cost of repairs: $20,000
● FMV Value: $305,000+
● Wholesale Property Price: $215,000
● Close by September 12, 2007
● Buyer pays both buyer and seller closing costs.
● We accept cash or hard money

CLOSED:
221 NE 173 St.
2/2, 1,302 sq ft.
Sold 7/17/2007
$279,600

16990 NE 4 Ave.
2/1, 1,201 sq ft
Sold 6/8/2007
$298,000

ACTIVES:
56 NE 170 St.
3/1, 1,127 sq ft.
$285,000

36 NE 171 St.
4/2, 1,738 sq ft.
$319,900


1611 W 12th St.
West Palm Beach, Florida 33404

3/1 Block Construction
1200 Sq Ft

Wholesale Property Price: $115,000
Rehab Estimate $2,000
After Rehab Value $155,000

3/1 CBS investor liquidation located in Riviera Beach. Property features new windows, countertops, kitchen cabinets, central air and fresh paint inside and out. Tenant is moving out but was paying $1050/month.

DRIVE BY ONLY!!!!! CALL FOR APPOINTMENT!


10406 SW 52 St.
Cooper City, Florida

4/2.5 BLOCK home w/ POOL on a canal!!!!
Property has a 1 car garage that was converted to 5th bedroom. Can easily be converted back!
Features 2,267 sqft. enclosed porch/patio with in-ground pool situated on an oversized lot!!

Property is in original condition and needs some updating through out.

OCCUPIED – DO NOT DISTURB!!!
Wholesale Property Price:  $294,900.00
Retail: $385K+


1611 W 12th St.
West Palm Beach Florida 33404
3/1 Block Construction
1200 Sq Ft

Wholesale Property Price: $115,000
Rehab Estimate $2,000
After Rehab Value $155,000

3/1 CBS investor liquidation located in Riviera Beach. Property features new windows, countertops, kitchen cabinets, central air and fresh paint inside and out. Tenant is moving out but was paying $1050/month.

DRIVE BY ONLY!!!!! CALL FOR APPOINTMENT!


3300 SW 40 Ave.
Hollywood, Florida

~~ LAKE FOREST ~~
Spacious 4/3 BLOCK Single Family House w/ 1,460 LIVING sqft.!!!!
Property is situated on HUGE, fenced corner lot & currently rented!

Buyer may take with or without tenant!
Property needs general updating incl.
Kitchen, bath and flooring.

Property is Occupied- DO NOT DISTURB!!
Wholesale Property Price: $194,900.00
RETAIL : $290K


14460 NW 22nd Avenue
Opa Locka (Miami), FL 33054

Building Information:
2 Story Building 8500 sqft. Lot
18 Units (6- 2 Bed 1 Bath, 12- 1 Bed 1 Bath)
New Roof with 10 year warranty
All units remodeled with new tile floors, kitchen cabinets and appliances
Recently painted exterior
Close to Church, Supermarket and Highways

Income Information:

17 units occupied (1- 1 Bed 1 Bath Unit vacant)
2 (2 Bed 1 Bath) @ $650 per month (market rent)
1 (2 Bed 1 Bath) @ $645 per month
1 (2 Bed 1 Bath) @ $625 per month
2 (2 Bed 1 Bath) @ $600 per month
5 (1 Bed 1 Bath) @ $550 per month (market rent)
1 (1 Bed 1 Bath) @ $540 per month
2 (1 Bed 1 Bath) @ $525 per month
3 (1 Bed 1 Bath) @ $495 per month
1 (1 Bed 1 Bath) Vacant

Current Income
$115,140 per Year

Expense Information:
Real Estate Taxes = $10,675
Insurance = $10,000
Water and Sewer = $ 5,700
Waste Removal = $ 3,240
Maintenance = $ 900

Total Expenses
$30,515

Current Cap Rate 10.3%
Wholesale Property Price: $825,000

It gets better… rent out the 1 vacant unit for $500 ($50 under market) it jumps to a 11.1% Cap Rate!!!

You know where to reach me with questions.


2007 S 10th St.
Fort Pierce, Florida 34950

3BR, 1.5BA + Shed
1344 Square Feet
Rear Screened Porch

Needs only $4000 in cosmetic repairs
Wholesale Property Price:  $104,900
Comps in area:
1019 Sunrise Court - $163,950 May 2007
1213 S 11th St - $160,000 March 2007
1208 S 13th St - $152,000 April 2007


ALL PROPERTIES ARE DRIVE-BY ONLY
THEN CALL FOR SHOWING INSTRUCTIONS


6120 S.W. 42nd court
Davie, Florida 33314
Townhouse in 'Davie Heights'
2/2 CBS Good tile roof, with a nice sized patio, built in '1995'
Needs very little.
Wholesale Property Price: $125,000
After Repair Value $195K


18565 N.W. 18th street
Pembroke Pines, Florida
3/2 CBS 1,800sqft.
Has granite counter tops and updated kitchen and bathrooms. Move In ready needs nothing.
Wholesale Property Price: $304,000
After Repair Value $375k
*Will consider conventional financing.*


33 N.E. 28th court
Wilton Manors, Florida 33334
'Sunset Manors Firs'
2/2 Single Family Home 1,301 sqft.
Needs total rehab plus roof.
Wholesale Property Price: $240,000
After Repair Value $375k


1425 Tropical Drive
Lake Worth, Florida
3/2 Single Family Home  CBS
Needs about $20k in rehab. Has a new roof. On lock box.
Wholesale Property Price: $120k
After Repair Value $210-$220k


568 Saxony L
Delray Beach, Florida
2/2 880 sqft. Condo
Just a shell ! BUT comes with all new appliances.
Wholesale Property Price: $44,900


5625 Mike Kahn Road
Sebring, Florida
49 ACRES
This once was an orange groove. 90% cleared. Sits 12 feet above water table. Currently being zoned for planning and development.
Wholesale Property Price: $1,920,000


5220 S.W. 6th street
Plantation, Florida 33317
4/2/2 2,152 sqft. CBS POOL Single Family Home
Has: Living room, Family room, and Dining room. Needs minor updating.                                                                                                                       

Wholesale Property Price: $332k
After Repair Value $400k plus
*Will Consider Conventional Financing.*


1841 Parsons Street
Riviera Beach, Florida 33404
2/1 840 sqft. CBS Good roof
Needs general updating.
$12k in rehab.
Wholesale Property Price: $78,000
After Repair Value $135k


345 N.W. 7 street
Pompano Beach, Florida 33060
3/2 CBS central A/C, Newer roof.
Needs: A couple of doors, update kitchen cabinets & bathrooms, new flooring, and paint. Property is Vacant and on Lock-box.
Wholesale Property Price: $120,000
After Repair Value $195K


37011 3 ST
CANAL POINT, Florida 33438
2/1 720 Single Family frame NEEDS full rehab only a couple blocks to launch a boat into Lake Okeechobee this is a nice area.
Wholesale Property Price: $40,000                                                                                                                                                                        

Zillows value $122k


343 NW 6 AVE
Delray Beach, Florida
3/2 CBS 1,187 sqft. with central ac.
needs standard rehab plus roof
Wholesale Property Price: $137,000
After Repair Value $200K


1402 W Mango St.
Lantana, Florida 33462
3/2 CBS. 1,414 S.F. HAS NEWER ROOF needs general updating & central ac                                                                                                

Wholesale Property Price: $180,000
After Repair Value $260K


2180 NW 3rd St.
Pompano Beach, Florida 33069
3/2 totally gutted
Great Potential for profit or hold as rental. House next door smaller rented for $1500/ month.
Wholesale Property Price: $140,000
After Repair Value $225K PLUS


6126 SW 40 CT
Miramar, Florida 33023
3/2 CBS. enclosed garage. central A/C,
Needs: carpet, paint, and basic updating
Wholesale Property Price: $175,000
After Repair Value $240K


566 Palm Beach Lakes Blvd.
West Palm Beach, Florida 33401
4/2 2,234 sqft. CBS/frame Duplex
Needs complete rehab windows, doors, kitchens & bathrooms property has 2 electric meters & is vacant and boarded up ,bring flashlight OFFERED AT

Wholesale Property Price: $95,000
After Repair Value $255K


5197 NE 14 AV
Pompano Beach, Florida 33064
3/1 CBS, 1000 sqft. new tile throughout & newly updated kitchen very light handyman
Wholesale Property Price: $160,000
After Repair Value $280k


634 SW 1 Court
Boynton Beach, Florida 33426
3/2 CBS, Nice Neighborhood
needs updating, roof & central a/c
Wholesale Property Price: $167,000
After Repair Value 255k+


18982 Cloud Lake Circle
Boca Raton, Florida
SPACIOUS 2/2 with a 1-car garage Single Family Home
Vaulted ceilings. Community features: Pool, Tennis, and Tot-lot
Wholesale Property Price: $204,900
After Repair Value $280K
*Sale is subject to 3rd party approval.*


21102 S.W. 97 Place
Cutler Bay, 33189
3/2 /1 car garage, CBS, Central A/C, New Roof, and nice landscaping. VERY CLEAN property.
Needs VERY LITTLE.
Wholesale Property Price: $228,000                                                                                                                                                                            

After Repair Value $300,000.


825 N.W. 7th Avenue
Dania Beach, Florida 33004
'Melaleuca Gardens'
3/2 Single Family Home 1,317 sqft.
Has new kitchen and appliances. Good roof.
Needs: a/c and general updates
Wholesale Property Price: $222,000
After Repair Value $300k
*Will consider Conventional Financing.*


367 N. Collier Blvd.
Marco Island, Florida 34145 $300k++ in EQUITY
Very Large 3/2.5 2,754 sqft.
New barrel roof . The garage has been converted into living space with permits, under central a/c. Large kitchen with Island. Stainless steel appliances. Just a 5 minute walk to the beach. Repairs needed: Recommended Landscaping, exterior paint, one hole in the kitchen interior ceiling drywall, screening around pool needs to be replaced, stone finished pool deck needs pressure washing.
Wholesale Property Price: $500,000
Closed comps:
(481 Rio ct sold 5/14/07 $910,000)
(778 sea ct sold 5/4/07 900,000)


3303 N.E. 15th court
Fort Lauderdale, Florida 33304
'Las Olas by the Sea' ONE BLOCK TO OCEAN
2/2 Single Family Home 1,750 sqft. Florida room, Carport.
A smaller square footage fixer upper recently sold for $929k .                                                                                                                                    

Needs: Complete rehab plus roof.
Wholesale Property Price: $720,000
Comps range as high as $1.3m


2541 NW 56 AV
Lauderhill, Florida 33313

2/2 CBS CENTRAL A/C
GRANITE COUNTER TOPS
NEEDS VERY LITTLE
CORNER UNIT ON THE LAKE
RENTED FOR $1,159 (hoa) $230
property will be vacant at closing, tenant wants to stay if you would like her to.
Wholesale Property Price: $107k.
(arv) $180k to $200k


160 NE 87th St.
El Portal, Florida 33056

4/2 Block Construction
1248 Sq. Ft.

Wholesale Property Price: $265,000
Rehab Estimate $35,000
After Rehab Value $415,000

Equity Spread $120,000

Located just Southwest of Miami Shores in El Portal. The previous owners had split this house into two 2/1's. There are two electric meters and it shows up as a duplex. The true value is converting it back into a single family home. One side rented and the other side is gutted and waiting for the conversion. This one will be well worth the work!!!!

Drive by Only! Tenant occupied!


Best Deal On An Unpolished Gem In Wynwood

 Wholesale Property Price: $1,170,000

Large Lot in Miami-Florida Wynwood Art District
Commercial Lots/Land

Miami, Florida 33127
Needs Renovating
20,000 Sq. Ft

$58.00 per sq ft in Miami Florida Great Price On An Un-Finished Gem In Wynwood @ Only 58 Dollars Per Square Foot! 20,000 Sq Ft Lot With 3 Structures Near The Design District. The Wynwood Arts District Is The Center Of Miami's Emerging Art Galleries, Project Spaces, Artist Studios, Experimental Venues, And World-Class Private Collections. Cutting Edge Spaces Including Cisneros-Fontanals, Margulies, Rubell Family And Scholl Collections And Moca At The Goldman Warehouse Are Situated Here. The Property Located Only Few Blocks West Of Midtown Miami And Thousands Of New Condo Units. Easy Access To I-95. Please contact me for additional information. Let me know what information you need to complete an evaluation.

You can Google Map of Wynwood area.


2711-A SW 27 Avenue, Ft. Laud. 33315

Property is a beautiful 2 bedroom, 2 bathroom home with hardwood floors, newly remodeled kitchen, large windows, ceiling fans, appliances and attached garage. Property is on a 6,250 sq.ft. lot zoned RD-15!! Just replace a few roof shingles and it will be perfect!
Wholesale Property Price:  $204,000.

2711-B SW 27 Avenue, Ft. Laud. 33315

Property is just like new!
Built in 2006 this is a beautiful 3 bedroom, 2 bathroom home. It's very low maintenance, extremely comfortable and everything about it is very functional. It has a large master suite with his/her closets and the master bath also has his/her sinks. All bedrooms have large windows and plenty of closet space. The house is CBS construction with new ceramic tile in all common areas. Also included are a new central air conditioning system, ceiling fans throughout, central vacuum system, well appointed kitchen equipped with Frigidaire appliances. Property is on a 5,095 sq.ft. lot zoned RD-15!!
Wholesale Property Price:  $264,000.
OR
$450,000.00 (BOTH HOUSES)
HARD MONEY IS AVAILABLE!


4515 NW 115TH AVENUE
MIAMI, FL 33165

3 BEDROOMS / 1 BATHROOM
BUILDING SQFT: 1,151
LOT SQFT: 7,500
CONSTRUCTION: CBS
YEAR BUILT: 1955

AFTER REPAIRED VALUE (ARV) = $360K
REPAIRS = $20K
Wholesale Property Price:  $255K

CASH OR HARD MONEY ONLY.


2122 NW 5th St
Pompano Beach, FL

Great Duplex in Pompano Beach. This duplex consists of (2) 1bed 1bth units each of which has a full kitchen. One unit was recently vacated and the other is rented month to month for $700.

This property needs some cosmetic work and roof shingles (roof was already tarred and papered). This is a CBS constructed property on a nice lot with new construction going up right across the street. This is a perfect opportunity to get a cash flowing piece of Real Estate in your portfolio. Each unit can rent from $700-750 per month in this area and at 118k, it's a no-brainer.

Rehab estimate: $8-11k MAX
After repaired value: $200,000++
Wholesale property price: $124,000
59% of value!!!!

Cash or Hard Money ONLY and I have a hard money lender ready to lend on this deal.


1288 W 30th St
Riviera Beach, Florida

3BR 2BA - 1344 sq ft
Handyman - Needs $10,000 in repairs

Wholesale Property Price: $139,900
After Repair Value: $180,000
Comps:
1420 W 25th St. - $225,000 (3/2, 1404 sq ft)
1256 W 35th St. - $179,900 (3/1, 1410 sq ft)
1441 W 31st St. - $192,000 (3/1, 1252 sq ft)


548 NW 2nd Way
Deerfield Beach 33441

Property is a 6 bedroom, 3 bathroom house on a lot that is 10,750 sq. ft. This house has a new addition (812 sq.ft.) that was fully permitted and followed architect's plans. The house has new windows with storm shutters; new ceramic tile throughout living areas; textured walls and french doors leading to backyard. There are also 2 central a/c units; all bathrooms have been renovated; kitchen has new cabinets. All electrical and plumbing had to be updated to meet codes and all of that work is finished and has passed inspection.
Only finishing touches are needed: carpet in bedrooms, lighting fixtures, paint inside and out, kitchen appliances, and one of the french doors needs to be replaced because it has broken glass panes.

Wholesale Property Price: $185,000.00 or best offer.

HARD MONEY IS AVAILABLE!

Want to place an offer on a Property before it's gone?

Call FRANK (954-822-0796)

Hard Money  1-877-LIZ-ORTIZ
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