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South Florida Investors, Issue 09-18-07
September 19, 2007
South Florida Real Estate Investors

If you have difficulty seeing the these properties, Visit our website at : www.southfloridawholesaleproperties.com

 

South Florida Wholesale Properties - Broward Wholesale Properties, Miami Wholesale Properties - 09-18-07

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 and ready to place offer with escrow deposit CALL FRANK 954-822-0796


Pre - Foreclosure / Short Sale Property

4601 NW 10th Ave
Fort Lauderdale Florida 33309

Estimated Value : 365k
Wholesale Properties Price: 250k

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! Contingent on Lender approval of short sale.

Call Frank (954-822-0796) for Lockbox code.

Pre Foreclosure / Short Sale Property

28101 SW 141 Place
Homestead, Florida 33033

3/2 Villa with fenced in back yard

Estimated repairs 8-10k
Estimated Value after repairs (140k)
Wholesale Properties Price: 90k

Homestead Wholesale Properties for Sale
SHORT SALE PROPERTY INFO -
I have a property in Port St. Lucie, Florida where the bank will consider a short sale.
All offers will be considered BUT only through a letter of intent.
Serious inquiries only...

The property was recently built in 2005 and has only been lived in for ONE year.
The property needs very little with regard to rehab.

Here are some details on the property. I can send pictures as well if you'd like / need.

Details

3 bed/ 2 baths
1,837 sq feet under air plus another 300 sq foot covered & screened-in Lanai (patio)
Recently built, new home
MANY UPGRADES

Granite Counter tops in kitchen
Wood Cabinets
Upgraded carpet
20 inch diagonal tile throughout the living areas
extended screened in patio
On a lake (waterfront property)
Gated Golf Club community with pool, club house, tennis courts, workout area and more

Large Master Bath with Roman Tub

Located right near large Publix Shopping Center (situated right outside the gated community).

Less than 10 minutes from two major highways
It's value now is right around $289,000, MAKE YOUR SHORT SALE OFFER TO THE BANK!!!!

If you are interested in investing in this property which needs very little in the way of rehab and also offers you the opportunity to pick it up through a short sale, please contact me at this email address and I can let you know all of the pertinent details that will help you to put together an offer that works for you.

Great Location!
Almost No Work Needed, 115K in equity!

8921 SW 4th Lane
MIAMI, Florida 33174

3 BEDROOMS / 2 BATHROOMS
TOTAL SQ FT: 1,313
LOT SQ FT: 4,400
CONSTRUCTION: CBS
YEAR BUILT: 1983

AFTER REPAIRED VALUE (ARV) = $350K
REPAIRS = $10K
Wholesale Properties Price : $245k

CASH OR HARD MONEY ONLY!


HANDYMAN SPECIAL IN WEST PALM BEACH!

1360 10TH STREET
WEST PALM BEACH, FL 33401

2 BEDROOMS / 1 BATH
TOTAL SQFT: 764 SQFT
LOT SQFT: 6,600 SQFT
YEAR BUILT: 1959
CONSTRUCTION: CONCRETE

AFTER REPAIRED VALUE (ARV) = 160K
REPAIRS = 12K
Wholesale Properties Price : 105K

CASH OR HARD MONEY ONLY! MUST CLOSE ON OR BEFORE OCTOBER 1, 2007.


415 NW 50 Street
Miami, Florida 33127

3 bed 1 Bath
696 Sqft (comparable to area)
7200 Sqft lot

Full update needed ($25,000)

Comps:
$262k (864 sqft 7200 lot)
$267k (624 sqft 2360 lot)

Wholesale Properties Price : $127,000


254 NE 58 Terrace
Miami, Florida 33137

3 bed 1 Bath
696 Sqft (comparable to area)
4150 Sqft lot

Could use update but not necessary.
Property currently occupied Section 8 collecting $1210/ month

ARV: $200,000
Wholesale Properties Price : $127,000


50 NE 59th Terrace
Miami, Florida 33137

3 bed 1 Bath
712 Sqft (small but comparable to the area)
4500 Sqft lot

Needs full rehab/ update, sold with open electrical permit ($30,000)

ARV: $160,000
Wholesale Properties Price : $75,000


7759 NW 16th Ave
Miami, Florida 33147

2 Bed 1 Bath
852 Sqft
5400 Sqft lot

Updates needed ($25,000)
Comps: $170,000 $200,000

Wholesale Properties Price : $97,000


7110 NW 57 Dr.
Tamarac, Florida 33321

~*~ ALL AGES ~*~

*** Tamarac Lakes ***
Spacious BLOCK 2/2 + 1 car garage w/ 1,581 sqft!!!
Too easy to convert this house with garage OR fla room.
Property is located in nice, quiet area w/ CAC!!!!!

Needs flat roof replaced in back, some drywall & ceiling repairs, updating in kitchen & general cosmetics !!

Tax Assessed @ $197K!!!!

Wholesale Properties Price : $174,900.00


Retail: $260K


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

9740 NW 2nd Ave
Miami Shores, Florida 33150

3 bed 2 Bath 1540
Sqft 13,000 Sqft lot
Pencil @ $500k - $520k
Light Updates needed
Wholesale Properties Price : $341,000

==================================================================================

741 NW 137 Street
Miami, Florida 33168

Wholesale PROPERTIES INFORMATION
Single family home, currently used as a duplex.
2 bedrooms 1 Bathroom per side. Large Bedrooms.
Repairs/Install central A/c, seal existing wall mounted brackets

Drive by ONLY!
Call for appointment to view inside.

Wholesale Properties Price : $165,000
ARV: $260,000
==================================================================================

548 NW 2 WAY
DEERFIELD BEACH, Florida 33441

This wholesale property is 2,300 square feet under air. It has 6 bedrooms
and 3 bathrooms, on TWO lots. Has 2 central a/c units to cover both zones of the house. Has Two Large living rooms and One Large family room. Also has a real working fireplace, and a new kitchen etc.etc. Has over $70,000 in upgrades and additions. Shows up much smaller on tax rolls, however all work was done this year with permits (all permits are closed).

Property needs: Has newer roof but needs a few shingles, carpet in all 6 bedrooms, a few remaining floor tiles still need to be laid (tile available), and back porch needs miner repair and screen. I would say less than $5k in rehab.

After Repair Value for this square footage (which is the biggest in the area) should be about $240,000. This would possibly make a great Section 8 rental.
Wholesale Properties Price : $162,500

==================================================================================

37011 3rd St.
Canal Point, Florida 33438

LAKE OKEECHOBEE HOUSE
Wholesale Properties Price : 40K
Zillows value 136k
2/1 Frame -720 s.f.
Needs full rehab

==================================================================================

1510 NW 7 Ave
Pompano Beach, Florida 33060

3/1 + den Rented Sec. 8 at $1100/month untill February 2008
Wholesale Properties Price : $140K (or best offer)
CONVENTIONAL FINANCING

=================================================================================

2541 N.W. 56th Avenue
Lauderhill, Florida 33313 (TownHome)

2/2, CBS, central a/c, granite counter tops.
Needs very little!!!
Corner unit on the lake. (HOA -$230M)
Rented for $1,259, tenant wants to stay if you would like her to. Otherwise property will be vacant at closing.
Wholesale Properties Price : $112,000
ARV $180k

==================================================================================

49 ACRES in Sebring Florida

5625 Mike Kahn Road
This once was an orange groove. 90% cleared. Sits 12 feet above water table. Currently being zoned for planning and development.
Wholesale Properties Price : $1,950,000

=================================================================================

365 NE 170 Street
N. Miami Beach, Florida 33162

This property is showing up on tax rolls as a 2/2, 1,603 sq.ft.
However this home has 2 bonus rooms. 1 of the two is very large all you have to do is build a closet and add a door your would have a third bedroom. The second bonus room is small (about 9x9). So what you really have her is a 3/2 with an office and an inside laundry room. The property is spacious.

Property has : New wood cabinets with old counter top, tile throughout most of the house is in decent condition, and a newer central a/c.

Property needs: Resurface or tile old counter top, some new flooring, probably a re-shingle on the roof, paint, and landscaping.

Wholesale Properties Price : $194,900
Sold comparable's in the same subdivision:
374 N.E. 171 Street 2/1 $325k
360 N.E. 170 Street 2/2 $340k

==================================================================================

2171 nw 29 terr.
Fort Lauderdale, Florida 33311

4/2 converted garage , CBS, exterior looks good interior needs updating

comps average@ 230k
Wholesale Properties Price : $168,000

Would make a great rental. Section-8 pays up to $1,800 Will Consider Conventional Financing

==================================================================================

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.

Wholesale Properties Price : $112,000
ARV $195K

-=================================================================================

107 Clifton Road
West Park, Florida 33023

2/2, SFH, carport, 1,052 sqft, newer roof, Florida room, laundry room. Needs rehab. Near Miramar, between I-95 & the turnpike.

Wholesale Properties Price : $147,OOO
Avg Comp's $215k
Will Consider Conventional Financing
=================================================================================

5433 Stratford Road
West Palm Beach, Florida 33415

3/2/2, CBS, SFH, 1,842 sqft., Great curb appeal, circular drive
Needs complete interior update

Wholesale Properties Price : $240,000
Avg comp's $347k
Will Consider Conventional Financing

=================================================================================

5220 N HILLS DR,
HOLLYWOOD, Florida 33021

4/2.5 Fixer Upper in Emerald Hills 200k+ in Equity

Property Needs Flooring, Carpet, Back porch screens, 2 Bathrooms need updating, Landscaping, Remove paneling, Fix a roof leak, kitchen was remodeled, but needs to be redone. Basically the house is in good shape it needs updating.
2800SQFT

Wholesale Properties Price : $355,000
Comps:
4945 SARAZEN DR 1972 525,000 3/2 5/29/07 2,046sqft
4900 N 36TH CT 1976 600,000 3/2 6/28/07 2,270sqft
MLS Active:

4721 N 36TH ST 599,000 3/2.5 2,408sqft
5031 N 36TH CT 574,000 5/2.5 2,883sqft

DRIVE BY ONLY. DO NOT DISTURB RESIDENT.
=================================================================================

4311 N.E. 17th Avenue
Pompano Beach, Florida 33326
'Pompano Beach Highlands'

3/2, CBS, 1,256 sqft. Florida room
Needs updates: baths, paint, flooring, landscaping, and some windows. Has newer kitchen and some newer windows.

Wholesale Properties Price : $178,000
average comp's $250k Would be great for an end buyer.
Will Consider Conventional Financing

================================================================================

6126 SW 40 CT
Miramar Florida 33023
3/2 CBS. enclosed garage. central A/C,
Needs: carpet, paint, and basic updating

ARV 240K
Wholesale Properties Price : $175,000

================================================================================

928 West 7th Street
Riviera Beach, Florida 33404

CBS, SFH, 3-bedroom, Big back yard, 1,150 sqft, lot 50 x 110, Great investment. Most houses on the street are new. Community is being revitalized very fast.
Needs: Drywall, Kitchen, Baths, Paint.
Wholesale Properties Price : $113,000
ARV low $200's

================================================================================

66 N.E. 173rd Street
North Miami Beach, Florida
'North Beach Park'

3/2/1, CBS, SFH, 1,372 sqft, lot size 6,480 sqft.
Hardly needs a thing.
Wholesale Properties Price : $219,900
Retail $290k

================================================================================

Dumping 2 Potential Commercial units for only $140k

907 Palm Beach Lakes Blvd
West Palm Beach, Florida

2 units - 3 bedroom/1 bathroom house
plus a 2 bedroom/ 1 bathroom house...

Possible Commercial Zoning...
Currently Income producing..
Over $100,000 in equity...
Commercial buildings, call for viewing instructions...

================================================================================

Wholesale Properties Price : $180,000

2913 SW 68th ave.
Miramar, Florida

3/2 CBS with pool, 1425 Sq ft
Needs 15k in rehab (updating, paint carpet, clean up)
Tiled throughout excluding 2 bedrooms

================================================================================

825 N.W. 7th Avenue
Dania Beach, Florida 33004 'Melaleuca Gardens'

SFH 3/2 1,317 sqft*

Has new kitchen and appliances. Good roof.
Needs: a/c and general updates.

Wholesale Properties Price : $217,000
(ARV) $300k
Will consider Conventional Financing

==============================================================================
128 West 10 Street
Riviera Beach, Florida

4-UNITS - all 2/1s 4 units, CBS, all 555 sq ft.
2 bed, 1 baths each, separate electric meters, shared water meter; pitched shingle roof needs replacing.
Fire damage in 2 units and roof. All units were rented at $750 mo each;

Comps are $250K &$310K -
listings in high $200Ks and in the $300Ks.
Wholesale Properties Price : $135,000
vacant

================================================================================

1549 NW 15 Ave.
Fort. Lauderdale, Florida

4/1 CBS + carport.
1700 sq. ft. total.

Comps to $200,000.
Wholesale Properties Price : $145,000
=================================================================================

6262 Winfield Blvd.
Margate, Florida
3/1 + pool. CBS.
Easy rehab.

Values to low 220k.
Wholesale Properties Price : $164,000
=================================================================================

2700 NW 24th Avenue
Miami, Florida

2 houses: 2/1 &1/1
Front unit has a new roof, needs floor, drywall, bathroom, , paint inside and outdoors &trim, kitchen upgrade, stucco inside and out. Back 1/1 rented at $600 month and also has a new roof.

Wholesale Properties Price : $204,000 OBO
Comps:
07-'07' 2369 nw 28 st. $300k
05-'07' 2910 nw 22 ct $345k
05-'07' 2435 nw 29 st $330k
03-'07' 2643 nw 22 ct $345k

=================================================================================

981 PARK LN
WEST PALM BEACH, Florida 33407

THIS IS A COMMERCIAL BUILDING. PLANS ARE IN PLACE AND APPROVED BY THE CITY, PERMITS HAVE BEEN PULLED FOR EVERYTHING BUT ELECTRIC AND PLUMBING. PLANS ARE FOR: (4) STOREFRONTS ON FIRST FLOOR, AND (4) PROFESSIONAL OFFICES ON SECOND LEVEL, AND (2) 1-BEDROOM 1-BATHROOM APARTMENTS AROUND BACK. BUILDING HAS A NEW BARREL TILE ROOF. THE BUILDINGS EXTERIOR IS ALMOST FINISHED. INVESTOR RAN OUT OF MONEY.
NEEDS ABOUT $150,000 IN REHAB TO FINISH PROJECT.
THE INSIDE NEEDS EVERYTHING. THERE IS NOTHING BUT STUDS.
THERE IS A $200,000 FIRST MORTGAGE THAT IS ASSUMABLE AT 8% INTEREST -ONLY FOR 7 YEARS.

THIS PROPERTY IS OFFERED AT $475,000. BRING ALL OFFERS.
Wholesale Properties Price : 455,000 !!!!

This is a Historical Building. City wants to see this complete. Possible

===============================================================================

121 Riley St.
Palm Spring, Florida

3/2 CBS. 1777 sq. ft.
CLEAN house!
Comps $240-250,000
Wholesale Properties Price : $179,000

=============================================================================
2122 nw 5 st
Pompano Beach, Florida 33069

1/1 each side,CBS, $8 to$12k in rehab
(ARV) 200k+
Wholesale Properties Price : $135,000

=============================================================================
1402 W Mango Street
Lantana, Florida 33462

3/2 CBS. 1,414 sqft.
HAS NEWER ROOF
needs general updating &central ac
(ARV) 260K
Wholesale Properties Price : $180,000


765 NW 126 St.
Miami, Florida 33168

Wholesale Properties Price : $140,000
County: Dade
Adj. Sq Ft: 854 total
Sub-Division: North Shore Heights
Folio #:06-2126-014-2950
Type: Single Family
Built: 1950

Bread and butter 2/1 starter home in quiet residential area. Decorative wrought iron fence in front; window security bars; privacy wood fence in back; new driveway; covered patio plus screened patio; storage shed. Inside includes new kitchen; dining room area; small family room off kitchen; all appliances are new and included; new AC; new water heater; separate laundry room.
Bathroom needs updating; possibly update flooring; AC closet needs door; interior & exterior painting; minor landscaping; Some wood rot in small section of fascia in backyard. Very easy rehab. Perfect opportunity for first time investors.

Est. cost of repairs: $10,000
The property is currently occupied.


● FMV Value: $215,000
Wholesale Properties Price : $140,000
● Close by 3 October 2007
● Buyer pays buyer closing costs
● Use HomeTraders Title Co.
● Cash or hard money only

If you are seeking a hard money loan, we will provide you with information to obtain one.

CLOSED COMPS:
1035 NW 128 St.
2/1, 784 sq ft
Sold 7/20/2007
$210,000

1180 NW 126 St.
2/1, 917 sq ft.
Sold 4/30/2007
$240,000

PENDING:
900 NW 125 St.
2/1, 913 sq ft.
$219,900

ACTIVE COMPS:
820 NW 128 St
2/1, 1,037 sq ft.
$245,000

740 NW 130 St.
2/1, 821 sq ft.
$219,500


6330 Kimberly Blvd
North Lauderdale, Florida 33068

County: Broward
Adj. Sq Ft: 1,377 total
Sub-Division: Kimberly Village
Folio #: 49-41-01-06-0860
Type: Single Family
Built: 1975

Bread and butter LAKEFRONT 2/2 with converted garage that could easily be a third bedroom. Main features include a METAL ROOF; hurricane awnings; front patio; a very large additional family room; eat-in kitchen; sprinkler system; central A/C; appliances included (no dishwasher); separate inside W/D room.
Majority of the work will be in kitchen and bathroom updates; new flooring required; replace ceiling fans, inside/outside paint; replace one awning; fix small section of fascia; raise floor in enclosed garage to convert into bedroom.

Est. cost of repairs: $17,000
The property is currently occupied.

● FMV Value: $285,000+
Wholesale Properties Price : $180,000
● Close by 1 October 2007
● Buyer pays buyer closing costs
● Cash or hard money only

If you are seeking a hard money loan, we will provide you with information to obtain one.

CLOSED:
6451 Kimberly Blvd
3/2, 1,455 sq ft
Sold 8/14/2007
$280,000

721 Holly St
3/2, 1,409 sq ft.
Sold 7/18/2007
$320,000

6510 Kimberly Blvd
3/2, 1,455 sq ft
Sold 7/13/2007
$261,000

6311 SW 5 Ct
2/2, 1,466 sq ft
Sold 7/11/2007
$265,000

PENDING:
6553 SW 10 St
3/2, 1,497 sq ft.
$285,000

NOTE:
All the comps listed are not waterfront, nor do any have a metal roof. The actives in this area are not comparable to this property in size nor in location. If you are interested, we would strongly recommend that you drive the neighborhood to draw your own conclusions. When renovated this house should appraise around $300K. We have been very conservative in the projected retail price. Remember, waterfront always sell first.


1025 NW 60 Street
Miami, Florida 33127

Wholesale Properties Price : $134,000
ARV: $220,000

PROPERTY INFORMATION
3 BED / 2 BATH / CENTRAL A/C
GREAT RENTAL!!!
NEEDS $5000 IN REHAB / TLC

TERMS:
The transaction must be closed with our title agent -- no exceptions.
Cash or hard money only.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

8511 NW 11 Street
Pembroke Pines, Florida 33024

Wholesale Properties Price : $210,000
ARV: $300,000

PROPERTY INFORMATION
Spacious 2/2 (1650 sq. ft.) in good condition
Central A/C
Nice lot

REPAIRS
No major interior repairs
Possible bathroom and kitchen updates
Remove wall mounted a/c units and patch walls ( Has central A/C installed )
Roof needs new shingles

VIEWING INSTRUCTIONS
Drive by ONLY!
Call for appointment to view inside.

SALE TYPE
Assignment of contract

TERMS
The transaction must be closed with our title agent -- no exceptions.
Cash or hard money only.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


1037 NE LITTLE RIVER DRIVE
(ACROSS THE STREET FROM THE WATER)
MIAMI, Florida 33138

Wholesale Properties Price : $347,000
ARV: $485,000

PROPERTY INFORMATION
3 Bedrooms / 2 Bathrooms
Total Sq. Ft.: 1,600
Lot Sq. Ft.: 6,000
Construction: CBS
Year Built: 1947

143K IN EQUITY! NO REPAIRS! (THIS PROPERTY IS IN ABSOLUTE PERFECT SHAPE, ALREADY COMPLETELY REHABBED)

TERMS
CASH OR HARD MONEY - MUST CLOSE ON OR BEFORE SEPTEMBER 21, 2007.
Conventional Financing may be a possibility...
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

765 NW 126 Street
Miami, Florida 33168

Wholesale Properties Price : $140,000
ARV: $215,000
Est. Profit - $34,850 to $47,750

PROPERTY INFORMATION
Bread and butter 2/1 starter home in quiet residential area. Decorative wrought iron fence in front; window security bars; privacy wood fence in back; new driveway; covered patio plus screened patio; storage shed. Inside includes new kitchen; dining room area; small family room off kitchen; all appliances are new and included; new AC; new water heater; separate laundry room

Repairs
Bathroom needs updating; possibly update flooring; AC closet needs door; interior & exterior painting; minor landscaping; Some wood rot in small section of fascia in backyard. Very easy rehab. Perfect opportunity for first time investors.

Est. cost of repairs: $10,000

Comps
CLOSED:
1035 NW 128 St.
2/1, 784 sq ft
Sold 7/20/2007
$210,000

1180 NW 126 St.
2/1, 917 sq ft.
Sold 4/30/2007
$240,000

PENDING:
900 NW 125 St.
2/1, 913 sq ft.
$219,900

ACTIVES:
820 NW 128 St
2/1, 1,037 sq ft.
$245,000

740 NW 130 St.
2/1, 821 sq ft.
$219,500

Note: This Wholesale property is currently occupied.

TERMS
CASH OR HARD MONEY


2930 SW 76 AV
MIAMI, Florida 33155

****4/2 1745SQ FT*****
7250 Sq. Ft. Lot

**PRE foreclosure*** DRASTICALLY reduced!! BELOW MARKET VALUE!!
GREAT BUY!!...
3/1 MAIN HOUSE 2/2 IN LAW quarters.
1745 SQ FT LIVING AREA, LARGER THAN TAX ROLL.
SUBJECT TO LENDER APPROVAL OF SHORT PAYOFF...
GREAT LOCATION!!!!

Wholesale Properties Price : $270,000


HANDYMAN SPECIAL FOR SALE! 131K!

4201 NW 11TH PLACE
MIAMI, Florida 33127

4 BEDROOMS / 2 BATHROOMS
TOTALSQFT: 1,407
LOTSQFT: 7,320
CONSTRUCTION: FRAME/STUCCO
YEAR BUILT: 1939

AFTER REPAIRED VALUE (ARV) = 230
REPAIRS = 30K
Wholesale Properties Price : 136K

CASH OR HARD MONEY ONLY! MUST CLOSE ON OR BEFORE SEPTEMBER 28, 2007.


825 Azalea Court
Plantation, Florida 33317

Subdivision: PLANTATION GARDENS

Great neighborhood, SFH with 3 bedrooms + 2 bathrooms + 2-car carport + Florida room, with hot tub,
1,682 sq.ft. living area, nicely landscaped large lot, with a large back yard.

ARV: $385,000
Wholesale Properties Price : $249,500
Repairs: $ 17,000

Front Kitchen Master Bedroom Master bathroom
Living area Hot tub Back yard Carport

 

PLEASE DRIVE BY THESE WHOLESALE PROPERTIES AND THEN CALL FOR AN APPOINTMENT IF YOU ARE INTERESTED IN VIEWING THE INTERIOR AND READY TO  SIGN A CONTRACT. CALL FRANK 954-822-0796

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