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South Florida Investors, Issue 10-09-07
October 09, 2007
South Florida Real Estate Investors

If you are not able to see the information below, visit www.southfloridawholesaleproperties.com

South Florida Wholesale Properties - 10/09/2007

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

708 SW 22 Ave.
Fort Lauderdale, Florida 33312

Wholesale Properties Price: $144,000
Est. Profit - $28,630 to $42,040

County: Broward
Adj. Sq Ft: 1,246 total
Sub-Division: Brendale Heights
Folio: 50-42-08-10-0280
Type: Single Family

Repairs:
Built: 1959

Kitchen and bathrooms need updating; tile floor; install central A/C; electrical needs minor updating; interior & exterior painting; some wood rot and evidence of termites; minor landscaping.

Est. cost of repairs: $15,000

The property is currently occupied. Call for showing instructions.

? FMV Value: $220,000+
? Wholesale Price: $139,000
? Close by 15 November 2007
? Buyer pays seller closing costs
? Use HomeTraders Title Co.
? Cash or hard money only

Comparables:
CLOSED:
712 SW 24 Ave
4/2, 1,484 sq ft.
Sold 9/12/2007
$221,900

2480 SW 6 Ct
2/1, 1,044 sq ft
Sold 9/05/2007
$219,000

612 SW 24 Ave
3/1, 1,000 sq ft.
Sold 6/29/2007
$200,000

ACTIVES:
528 SW 24 Ave
4/2, 1,097 sq ft.
$270,000

1036 SW 22 Ave
3/2, 1,188 sq ft.
$249,900

608 SW 24 Ave
3/1, 1,311 sq ft.
$229,000

717 SW 22 Ter
3/1, 888 sq ft.
$219,900

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


6111 Jackson St
Hollywood Florida 33023

2/1 SF
1,200 sq. ft.
5,436 sq. ft. Lot

After Repair Value (ARV)... $250,000
Wholesale Properties Price……………... $ 110,000
Gross Margin Pre-Rehab ... $140,000
Estimated Repairs ……….. . $70,000
Gross Margin After Rehab.. $70,000
House has been gutted. Needs roof, drywall throughout, A/C, flooring, landscaping, kitchen, bathroom.


4062 Belle Road
Lake Worth Florida 33461

Wholesale Single Family Home in a nice area of Lake Worth. Please review and if interested contact me for inspection. Property is vacant and inspection can be arranged quickly.

Moving in conditions, 2 bedroom+1 bathroom, about 1000 sq.ft. living area, CBS.

ARV (After Repair Value):  $202,000
Wholesale Properties Price:  $122,500
Repairs Estimate: $ 23,000


5242 Nw 24 Ct
Miami, Florida 33142

Folio#: 30- 31- 22- 018- 0270
4/2 (use as duplex or single)
CBS / Frame & Stucco
* 1393 Sf
Year Built 1946
* Taxes $2171
Large 10,800 SF Lot
* Zoned Duplex
Estimated Rehab $30k-$35k

"As-Is / Where-Is" Condition
Cash or Hard Money Only
$5k Escrow Deposit Required
Must Use Seller Title, Seller Pays Title Policy
Brokers and Agents...please add commission
Vacant / Please Call For Easy Showing, Thank You!

Wholesale Properties Price: $110,000
* Market Value $225,000


1934 Nw 58 St
Miami, Florida 33142

Folio#: 30- 31- 15- 022- 0040
3/1
* Frame & Stucco
* 1161 Sf
Year Built 1936
* Taxes $2487
Standard 4,680 SF Lot
Very Light Rehab $6k-8k

"As-Is / Where-Is" Condition
Cash or Hard Money Only
$5k Escrow Deposit Required
Must Use Seller Title, Seller Pays Title Policy
Brokers and Agents...Please add commissions
Vacant / Please Call First For Easy Showing, Thank You!

Wholesale Properties Price: $115,000
* Market Value $195,000


2931 NW 6th Court
Fort Lauderdale, Florida 33311

Wholesale Properties Price: $97,000 (cash or hard money only!!!)
Estimated ARV: $160,000

2 bedroom/ 1 bathroom
Adj. Bldg. S.F. 1,122
CBS Construction

Recent Comparables:
Address Year Sq. Ft. Sale Price Sale Date
547 NW 23rd Avenue 1961 1,032 sq. ft. $175,000 7/3/07
405 NW 30th Terrace 1956 975 sq. ft. $155,000 5/29/07
2712 NW 9th Place 1966 832 sq. ft. $160,000 6/14/07
303 NW 28th Way 1940 1,200 sq. ft. $187,000 6/22/07

Estimated Repair Cost: $15K
- Repair Leak in roof
- Repair some drywall in ceiling
- Replace Carpet
- Paint Kitchen cabinets
- Replace appliances
This is an assignment. Closing must take place on or before 10/23/07.


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 (after repair value): $160,000
Wholesale Properties Price: $80,000


37011 3rd St.
Canal Point, Florida 33438

LAKE OKEECHOBEE HOUSE

Wholesale Properties Price: 45K
Zillows value 136k
2/1 Frame -720 s.f.
Needs full rehab


5604 Papaya Road
West Palm Beach Florida 33413

Subdivision: ROYAL PALM ESTATES

Property in move-in conditions sold at wholesale prices! Please review and if interested contact me for inspection. Property is occupied so strictly drive-by only.

Moving in conditions, 3 bedroom+1.5 bathroom, 1,107 sq.ft. living area, CBS, new roof, new windows, hurricane panels, new beautiful deck, large shed, new central A/C.

ARV:                              $265,000
Wholesale Properties Price:                $165,000
Repairs Estimate:            $    5,000


BROWARD WHOLESALE PROPERTIES :

NEW***10406 SW 52 STREET COPPER CITY, FL 33328

4/2.5, pool, garage, on water, approx 2267sqft, drive by only!

Deal Fell Through!

Comps: 10526 SW 52 St 4/2 Sold $390k / 10485 SW 52 St 3/2 Sold $386k

Wholesale Properties Price: $290k

Approx Value - $385k+ 

$100,000 equity spread minus repairs!


NEW***708 SW 22 AVENUE FORT LAUDERDALE, FL 33312

4/2, bread & butter home near Davie Blvd, large patio.

Comps: 712 SW 24 Ave 4/2 Sold $221k / 2480 SW 6 Ct 2/1 Sold $219k

Wholesale Properties Price: $150k  /  Approx Value - $220k+ 


NEW***6431 SW 17 STREET FORT LAUDERDALE, FL 33068

3/2, pool, approx 1476sqft, in Broadview Estates Country Club.

Comps: 1560 SW 64 Ave Sold $285k / 6631 SW 18 St Sold $255k

Wholesale Properties Price: $155k  /  Approx Value - $232k 


NEW***1413 NW 6 AVENUE FORT LAUDERDALE, FL 33311 (PROGRESSO)

2/1, CBS, new roof & kitchen, needs landscaping and central a/c.

Comps: 1413 NW 5 Ave Sold $320k / 1320 NW 7 Ave 2/1 Sold $235k

Wholesale Properties Price: $155k  /  Comps - $235k+ 


MUST SELL***4821 SW 12 COURT FORT LAUDERDALE, FL 33311

3/1, pool, central a/c, newer roof, good condition just add landscape.

Comps: 2250 SW 43 Terr Sold $312k / 4421 SW 22 St Sold $262k

Wholesale Properties Price: $177k  /  Approx Value - $265k+ 


NEW***1626 NW 15 TERRACE FORT LAUDERDALE, FL 33311

3/1. pool, approx 1185sqft, new kitchen, in Lauderdale Manors.

Comps: 1627 NW 15 Terr 3/1 Sold $265k / 1728 NW 18 St 3/2 Sold $265k

Wholesale Properties Price: $164k  /  Approx Value - $245k 


MUST SELL***548 NW 2 WAY DEERFIELD BEACH, FL 33441

6/3, CBS, approx 2117sqft tax roll wrong, lite rehab.

Comps: 513 NW 2 Way 3/2 Sold $210k / 700 NW 2 Terr 2/2 Sold $205k

Wholesale Properties Price: $190k 


NEW***121 NW 21 STREET POMPANO BEACH, FL 33060

3/1, new central a/c, new roof,  CBS, approx 1250sqft.

Comps: 11 NW 18 St Sold $270k / 161 NW 20 St Sold $255k

Wholesale Properties Price: $170k  /  Approx Value - $255k 


MUST SELL***2115 NW 5 STREET POMPANO BEACH, FL

Duplex, two 1/1s, CBS, one unit rented, drive by only!

Wholesale Properties Price: $130k  


6101 Wiley St. WEST HOLLYWOOD, Fl

4/1 CBS – Corner lot

Tenant occupied

Conventional Ok

Call for showing instructions

Wholesale Properties Price: $204k, Worth = $279k


WEST PALM BEACH WHOLESALE PROPERTIES:

MUST SELL***7740 STIRLING BRIDGE BLVD, DELRAY BEACH, 33446

4 bed/2.5 bath – 2242 Sqft.

Looks Great - needs carpet only!

Drive by only – Don’t disturb tenants.

Wholesale Properties Price: $256k, Worth - $335k


MUST SELL***22365 BUSHING STREET BOCA RATON, FL 33428

3/2, pool, garage, needs landscaping and some updating.

Comps: 4699 Baldric St 3/2 Sold $370k / 4612 Bison St 3/2 Sold $348k

Wholesale Properties Price: $253k or best offer!  /  Comps - $348k 

$100,000 equity spread minus repairs!


MUST SELL***522 SOUTH F STREET LAKE WORTH, FL 33460

4/2, approx 1622sqft, in east Lake Worth area.

Comps: 613 South E St 3/1 Sold $305k / 523 South E St 3/1 Sold $189.9k

Wholesale Properties Price: $130k  /  Approx Value - $200k 


NEW***16378 61 PLACE NORTH LOXAHATCHEE, FL 33470

4/2, pool, garage, approx 2300sqft, on over an acre of land.

Comps: 16231 N 61 Pl 4/2 Sold $435k / 16189 N 62 3/3 Sold $440k

Wholesale Properties Price: $290k  /  Approx Value - $440k  / 

$155,000 equity spread minus repairs!


MIAMI WHOLESALE PROPERTIES:

NEW***1351-53 NE 118TH ST MIAMI, FL

Duplex (3/2 + 3/1) - 2388 sqft

New Roof, modern windows

Nice neighborhood, needs updating

Vacant - Call for showing instructions

Wholesale Properties Price: $255k,  Worth - $360k


NEW***10355 SW 173 TERRACE MIAMI, FL 33157 (PERRINE)

3/1, CBS, approx 1358sqft, needs interior rehab.

Comps: 10227 SW 174 Terr 2/1 Sold $300k / 10412 SW 173 St 3/2 Sold $240k

Wholesale Properties Price: $145k  /  Comps - $240k+ 

$100,000 equity spread minus repairs!


NEW***10840 WESTWOOD LAKE DRIVE MIAMI, FL 33165

3/2, nice neighborhood, newer roof, approx 1600sqft.

Comps: 10730 SW 55 Terr 2/1 Sold $440k / 10750 SW 52 Terr 3/1 Sold $385k

Wholesale Properties Price: $280k  /  Approx Value - $400k 

$100,000+ equity spread minus repairs!


NEW***1625 NE 171 STREET NORTH MIAMI, FL 33162

3/2, CBS, large rooms, has been vacant for years, needs work.

Comps: 1610 NE 175 St 3/2 Sold $350k / 1680 NE 173 St 3/2 Sold $230k

Wholesale Properties Price: $180k  /  Comps - $250k+


NEW***1934 NW 58 STREET MIAMI, FL 33142

Comps: 1859 NW 56 St 2/1 Sold $230k / 5940 NW 19 Ave 2/1 Sold $225k

3/1, approx 1161sqft, fenced yard, lite rehab.

Wholesale Properties Price: $120k  /  Approx Value - $195k 

$100,000 equity spread minus repairs!


NEW***8890 SW 36th St  MIAMI, FL

3/2 with Family Room, 1326 sqft

Conventional Ok

Wholesale Properties Price: $2750 Comps- $360k ++

 

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