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South Florida Investors, Issue 09-28-07
September 28, 2007
South Florida Real Estate Investors

If you are unable to view our list of Wholesale properties, visit www.southfloridawholesaleproperties.com

South Florida Wholesale Properties - Broward Wholesale Properties, Miami Wholesale Properties - 09-28-07

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

4606 BRADY BLVD.
DELRAY BEACH, FLORIDA 33445

Wholesale Properties Price : $ 177,500
After Repair Value (ARV): $380,000 +
Repair Estimate: 70k-85k
Cash or Hard Money

Single Family House
3 Bedrooms / 2 Bath
1 Car Garage
CBS Construction
Large Lot

PRE-REHAB DONE. CLEAN SLATE
READY FOR EASY COMPLETION.
ENDLESS POTENTIAL

Recent comps:
4552 Brady Blvd. 08/17/07 - $382,500
4588 Frances Dr. 05/11/07 - $385,000
4801 N Lee Rd. 06/20/07 - $385,000

918 S 14th Street
Lantana, Florida 33462

Attractive Single Family Home with a pool wholesale. Please review and if interested contact me for inspection.

Single Family Home
Subdivision: LANTANA HEIGHTS

Moving in conditions, only needs cosmetic repairs, 3 bedrooms + 2 bathrooms, with a nice pool, 1,311 sq.ft. living area, CBS, corner lot, new roof.

ARV: $260,000
Wholesale Properties Price : $179,500
Repairs Estimate: $ 4,000

Front

Rear pool


1801 NE 176 St.
North Miami Beach, Florida

This is a 3 bedroom, 2 bath CBS house on huge corner lot.
It has 1,351 sq. ft. of living space and 1,650 total.
It is vacant and needs a new interior and flat roof repair.
Great area of town!!!

Comps:
1830 NE 181 St.........$325,000
17750 19 Ave.............$303,000
1760 NE 171 St..........$300,000

Wholesale Properties Price : $214,900.00


825 Azalea Court
Plantation, Florida 33317

Single Family Home

We just reduced the price for this great value single family home in a great neighborhood, possible to move in, needs upgrades and paint. Please review the details and photos and contact me for scheduling inspection. Property is occupied, so strictly drive-by only.

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 : $237,500
Repairs: $ 17,000

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

2232 SW 11 St
Miami, Florida 33135

Bed/Bad: 4/3
Built:1926
Living: 1765 SqFt
Lot: 5850
Status: Vacant

Wholesale Property Information

Nice 4/3 on nice size lot lot. This is a handyman special with updated kitchen with stainless steel appliances and wood floors throughout. Easy rehab consists of some drywall and replacement tile work in two bathrooms and a few planks of wood floor that are missing. Centrally located house close to downtown, I-95 and 826.

Financial

After repair value $ 550,000
Wholesale Properties Price : $ 385,000
Estimated Repairs $ 6,000

Comparables
1- 2241 Sw 11th St, $540,000, 1924, 3/1, 08/24/07, 1,939 SqFt

2 - 1946 Sw 20th St, $590,000, 1950, 3/2, 08/30/07, 1,845 SqFt

3 - 2270 Sw 16th St, $560,000, 1950, 3/2, 07/10/07, 1,667 SqFt

4 - 2235 Sw 23rd Ave, $535,000, 1948, 3/2, 06/07/07, 1,608 SqFt


1619 NE 3rd St.
Boynton Beach, Florida 33435

2/1 (possible 3/1) CBS

Wholesale Properties Price : $84,000
Repairs: $20,000
A.R.V.: 160,000

Comps:
240 NE 16th - Sold 4/6/07 $154,000
1521 NE 1st - Sold 5/21/07 $214,000
404 NE 20th - Sold 6/29/07 $200,000


3935 Gulfstream Road
Lake Worth, Fl 33461

1 acre parcel in process of being annexed into Palm Springs.
Existing structure being demolished. Property will hold 5 houses or 9 units when annexation is complete.
Wholesale Properties Price : $234,900


6-plex Cash Flow Property
Location: Riviera Beach, Fl

Wholesale Properties Price : $264,000
Repairs: $3000
A.R.V.: $340,000

6- unit apartment building fully occupied at between $550-600per unit.
2 Buildings total: A 2-story 4 unit building and a duplex. Over 3,100 sq/ft
Centrally located, close to Blue Heron, Australia Ave and U.S. 1.



14450 SW 290 Terr.
Homestead, Florida 33033

2 Bedroom / 1 Bath
-Granite like floors
-Full Kitchen
-2 Car Driveway/Carport
-1157 SQFT Living area
-7875 SQFT Lot
-CBS
-Fenced Yard
-Can be converted to 3/1

ARV (after repair value) 219k
Wholesale Properties Price : $144k
Estimate Rehab 15k


1500 NW 65 ST.
MIAMI FLORIDA

~*~ LIBERTY CITY ~*~
8 unit building that consists of all 1/1's.
Separate electric meters
Approximately 4,000 sq. ft. building
Needs nothing as it is!!
Rents average $560 per unit
Excellent condition!!

Wholesale Properties Price : $419,900.00


1946 NW 68TH STREET
MIAMI FLORIDA 33147

3 BEDROOMS / 1 BATH
TOTAL SQFT: 838
LOT SQFT: 4,500
CONSTRUCTION: CONCRETE
YEAR BUILT: 1946

AFTER REPAIRED VALUE (ARV) = 175K
REPAIRS = 15K
Wholesale Properties Price : 110K


!!!! BROADVIEW PARK !!!!
4821 SW 12 Ct.
Fort Lauderdale Florida

3/1 BLOCK SFH w. 1,193sqft!!!
Roof is 3 yrs new, central a/c, & above ground pool!!

Property needs basic updating inside.

Wholesale Properties Price : $174,900.00
RETAIL: $300K


232 SW 11 St.
Miami Florida 33135

Wholesale Properties Price : $405,000
Worth: $550,000

Property Information:
* Beautiful 4/3 on nice sized lot. - 1765 SqFt
* Hardwood Floors throughout
* Updated kitchen with stainless steel appliances
* Centrally located house close to downtown, I-95 and 826.
* Needs drywall and tile work in bathroom, and some floor repair
* Light rehab (estimated repairs = $6k)
* Vacant - Call for Lockbox
* Conventional financing Ok

Comparables

1 - 2241 Sw 11th St $540,000 1924 3 1 08/24/07 1,939
2 - 1946 Sw 20th St $590,000 1950 3 2 08/30/07 1,845
3  -2270 Sw 16th St $560,000 1950 3 2 07/10/07 1,667
4 - 2235 Sw 23rd Av $535,000 1948 3 3 06/07/07 1,608


532 Timber Trail
Stuart Florida 34997

3BR, 2BA, 1 Car Garage
CBS Pool Home - 1271 square feet
ON DOUBLE LOT!
Deeded boat slip w/ocean access

Wholesale Properties Price : $264,000
Recent Sold Comp:
561 Timber Trail, June 2007 $364,000



10753 NE 3rd Avenue
Miami Florida 33161

Wholesale Properties Price : $260,000
ARV: $470K - 515K

PROPERTY INFORMATION
- 3 Bedrooms / 2 Baths with a Pool
- Sq. Footage: 1520 Sq. Ft.
- Lot Size- 8,626 Sq. Ft. (Lot and a half)
- Year Built: 1947
- Construction: Concrete- CBS
- One Block Away from Desirable Miami Shores (May be annexed by Miami Shores Soon!)
- This is a SFH on a Duplex Zoned Lot. Great Opportunity for Income Producing Efficiency!

REPAIRS
- Home has Hardwood Floors throughout; Roof may need to be replaced, Needs Kitchen and Bathrooms
- Estimate ~ $50K

SALE TYPE
Assignment of Contract

TERMS
- Cash or Hard Money Only!
- Must Close by October 19th, 2007
- The transaction must be closed with our title agent
- 3% Escrow Deposit Required


309 Freedom Ct
Deerfield Beach Florida

2/2 CBS Townhome w/ 1137 sqft
Association fee of $216 paid monthly

Year 1986, New roof in progress
Just needs cosmetics, and updating to taste
Tax assessed @ $185k

Vacant. Call for lockbox
No age restrictions

Wholesale Properties Price : $185k
Worth = $250k


623 NW 3rd Way
Deerfield Beach Florida

3/1 CBS 1228 sqft
Year 1976
Approx. repairs = $3-$5k

Cash or Hard Money Only
Must close by Oct. 10th

Wholesale Properties Price : $160k
Worth = $225k


5256 NE 1st terr
North Andrews Gardens Florida

3/1 - CBS
Fully Rehabbed
Vacant. Call for lockbox

Conventional Ok.

Wholesale Properties Price : $225k
Worth = $280k


1233 NW 7th ave
Ft Lauderdale Florida

3/1 with carport. 1160 sqft.
Needs minor roof & paint (aprox. $3k)
Zoned Duplex. Great Investor Area.

Conventional ok.

Vacant. Call for Lockbox

Wholesale Properties Price : $215k
Worth: $300k


1626 NW 15 Terr.
Fort Lauderdale Florida

3/1 SFH with Pool (Lauderdale Manors)
1,185 sqft on nice sized lot!
Just needs kitchen & Windows

Make offer subject to inspection

Wholesale Properties Price : $175k
Worth = $245k


6101 Wiley St.
West Hollywood Florida

4/1 CBS Corner lot

Tenant occupied
Conventional Ok

Call for showing instructions
Wholesale Properties Price : $204k
Worth = $279k


2232 SW 11st
Miami Florida

4 bed/3 bath 1160 sqft
Located by downtown, 1-95 & 826

Stainless Steel Kitchen
Minor work needed. ($6k repairs)

Conventional Ok

Vacant. Call for Lockbox
Wholesale Properties Price : $415k
Worth $545k


1801 NE 176th st.
North Miami Beach Florida

3/2 CBS 1351 sqft
Needs a new interior and flat roof repair

Great area of town!
Vacant. Call for lockbox.

Wholesale Properties Price : $225k
Worth = $310k


11767-69 SW 222nd St
Goulds(Dade) Florida

3 Bedroom/ 2 Bath 960 sqft
Needs a little clean-up and rehab (approx. $15)

Vacant. Call for lockbox.
Wholesale Properties Price : $140k
Worth: $200k


288 NW 47th St
Miami Florida

3/2- 1524 sqft
Large covered parking area
Large backyard
General updating

Conventional Ok.

Drive by only
Wholesale Properties Price : $230k
Worth: $310k


741 NW 137th St.
Miami Florida 33168

4/2 SFH
Currently used as a duplex. (2/1) per side
Convert to SFH

Drive by only.

Wholesale Properties Price : $175k
Worth: $265k


1946 NW 68TH St
Miami Florida 33147

3/1 CBS 838 sqft
Handyman Special!
Repairs = 15K

Cash or Hard Money Only

Vacant. Call for showing instructions
Must close by Oct. 12th

Wholesale Properties Price : 110K
Worth = $175k


820 NW 1 Ave
Fort Lauderdale Florida 33311

TOTALSQFT: 9,090
LOTSQFT: 23,625

16 Unit property with 6 folio #s
10 -2/1s, 4 1/1s, 2 studios
CBS, YEAR: 1974

REPAIRS = 180K
Must close on or before Oct. 19th

Wholesale Properties Price : 685K
Worth = 1.4 Million


1946 NW 68TH STREET
MIAMI FLORIDA 33147

3 BEDROOMS / 1 BATH
TOTAL SQFT: 838
LOT SQFT: 4,500
CONSTRUCTION: CONCRETE
YEAR BUILT: 1946

AFTER REPAIRED VALUE (ARV) = 175K
REPAIRS = 15K
Wholesale Properties Price : 110K


2945 NW 46 ST
Miami Florida 33142   

10 units

Wholesale Properties Price : 570K

2 story building, 2-2/1s and 8-1/1s. Security gate, New paint, New windows, 16" ceramic tile throughout, New kitchen with solid wood cabinets and granite counter tops, New baths, New A/Cs, New roof. Has a $500,000 assumable mortgage with 1 point..

- Has a $500,000 assumable mortgage with a 1% assumption fee

10 units 2-2/1s  8-1/1s  

Rent Roll: 2945 NW 46 ST

#1       1/1

575.00

Mo-to-mo

#2       1/1

550.00

Mo-to-mo

#3       1/1

550.00

Mo-to-mo

#4       1/1

575.00

Mo-to-mo

#5       2/1

750.00

Mo-to-mo

#6       2/1

775.00

Mo-to-mo

#7       1/1

575.00

Mo-to-mo

#8       1/1

550.00

Mo-to-mo

#9       1/1

575.00

Mo-to-mo

#10     1/1

575.00

Mo-to-mo

---All tenants are on mo-to-mo leases

Income $6,050/ Month  $72,600/ Year

Expenses

2005 Property Taxes

5,632.07/yr

Garbage

213.48/mo

Water

315.64/mo

House Electric

25.79/mo

Lawn Service

70.00/mo

Div. of Hotel + Rest License

125.00/yr

Occupational License

75.00/yr

Property Insurance

2,324.76/yr

Liability Insurance

1,477.00/yr

TOTAL/MONTH

$1,427.73/ Mo

TOTAL/ YEAR

$17,132.00/ Yr


 10753 NE 3rd Ave.
Miami Florida 33161

Property Information:
3 Bedrooms/2 Baths with a Pool
Sq. Footage: 1520 Sq. Ft.
Lot Size- 8,626 Sq. Ft. (Lot and a half)
Year Built: 1947
Construction: Concrete- CBS

After Repaired Value- 470-515K
Repairs- 40-50K (Depending on who does the work)

Wholesale Properties Price : 260K

Home has hardwood floors throughout and needs a kitchen, bathrooms and flooring. May possibly need a roof. 3 Blocks from Barry University. Single family home may be annexed by Miami Shores soon! This is not for a first time rehabber.

Comparables:
Property Sale Date Sale Price Sq. Footage

435 NE 109th St North Miami 33161 04/30/2007 $500,000 1,419

487 NE 107th St Miami 33161 07/06/2007 $515,000 1,345

285 NE 110th Ter Miami 33161 07/26/2007 $470,000 1,392

514 NE 109th St Miami 33161 09/05/2007 $480,000 1,696

REALTORS: Please add your commission to the asking price.

CASH OR HARD MONEY ONLY!!
Purchase "As-Is / Where-Is" Condition
Must Use Seller Title, Seller Pays Title Policy
No Financial or Appraisal Contingencies
3% Escrow Deposit Required

 

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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