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South Florida Investors, Issue 10-13-07
October 13, 2007
South Florida Real Estate Investors

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

20502 NW 7th Court
Miami Gardens, Florida

OPEN HOUSE SUNDAY OCTOBER 14th 12-4Pm.

FREE POOL TABLE TO BUYER on Sunday!

6 Bedrooms
4.5 Bathrooms
3 Car Garage
3640 SQFT

NO REPAIRS NEEDED
Estimated Value $530K
Wholesale Properties Price : $450k

80K IN EQUITY

Must Close prior to Nov 3rd.
Financing OK

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

Wholesale Properties
Pre - Foreclosure / Short Sale Property

4601 NW 10th Ave
Fort Lauderdale Florida 33309

OPEN HOUSE SUNDAY OCTOBER 14th 12-4Pm.

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.

Wholesale Properties

Pre Foreclosure / Short Sale Property

OPEN HOUSE SUNDAY OCTOBER 14th 12-4Pm.

10888 Royal Palm Blvd &
10922 Royal Palm Blvd
Coral Springs Florida

2/1 Condo - Perfect for Rental Properties with positive Cash Flow.

Estimated Value of 140k

Wholesale Properties Price: 92K (each)

Coral Springs Wholesale Property

South Florida Wholesale Properties - 10/13/2007

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

14435 NW 20th Ave
Opa Locka Florida 33054

Wholesale Properties Price : $45,000

Strategic Lot Among Brand New Houses.
Single Family Home
For Sale By: Holding Company

808 Sq. Ft.
5,000 Sq. Ft
       
This place is in very bad condition. It needs a complete rehab I would estimate it around $45k. It is located in a surprisingly quiet part of Opa Locka. Three other properties very similar to this one where rehabbed and sold for $180k. This is an excellent opportunity for those of you who like sweat equity. CASH OR HARD MONEY ONLY


66 NE 162 St
Miami Florida 33162
 
3 bed 2 bath
1100 Sqft Home
18617 Sqft Lot
 
Comps: $280k-$300k
Wholesale Properties Price : $175k
 
Will qualify for conventional financing but it is not a pretty house. Needs complete rehab (kitchen floors bathrooms and cosmetic upgrades) est. $40k.
631 SW 68th Blvd
Pembroke Pines Florida 33023

Great value wholesale, large SFH. Please review the details and photos and contact me for scheduling inspection.  Property is occupied, so strictly drive-by only.
 
Brokers and realtors, please add your commission on top.
 
With any questions, contact me on my office 954-239-0555. 

Subdivision: BOULEVARD HEIGHTS
 
SFH with 3 bedrooms + 2 bathrooms + 1-car garage + Florida room, front open patio, 2,222 sq.ft. living area, nicely landscaped.

ARV: $305,000
Wholesale Properties Price : $180,000
Repairs: $24,000  


SIGNIFICANTLY REDUCED PRICE! 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.

Brokers and realtors, note:  Add your fees to the asking price below.
With any questions, contact me on my office phone 954-239-0555.
 
Single Family Home at :

5604 Papaya Road
West Palm Beach Florida 33413
 
Subdivision: ROYAL PALM ESTATES

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.

Estimated After Repair Value (ARV): $250,000

Wholesale Properties Price : 152,500

Repairs Estimate: $1,000


!!!! 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.
(Kitchen, bath, flooring & paint)

Wholesale Properties Price : $149,900.00
RETAIL: $300K


LAKE WORTH DUPLEX FOR SALE
630 South L Street
Lake Worth Florida
 
East Side of Town
Between US 1 & Dixie Hwy
CBS 2-1/1’s Separate Meters
Each Tenant pays $750/M
Needs Cosmetic Repair
Call for Viewing Drive By only
 
Estimated Value : $215,000-$290,000 
Wholesale Properties Price : $139,000 
Blattner Title Will Be Used For Closings 
Realtors Add Your Commission to My Price!!
BOCA RATON-ST. ANDREWS COUNTRY CLUB
7924 Glen Nevis Terrace
Boca Raton Florida

6 Bed/7.5 Baths-Huge House
7000 Sq. ft.
3 Car Garage
20,0000 Sq. ft. lot Overlooking Lake & Golf Course
Pool/Guest Cottage
Move in Condition-Totally Re Done

Maintenance $1400/quarter
COMPS UP TO $5.1 Million
 
Wholesale Properties Price : $1.9 MILLION or Best Offer 
Call for Showing 
Blattner Title Will Be Used For Closings 
Realtors Add Your Commission to My Price!!


4014 SW 49 Court
Davie Florida 33314

Property is Vacant and ready to close very quickly! 
Please call office to get the lockbox code.
 
3 Bedroom/2 Baths, 1634+ sq.ft.
 
PROPERTY INFORMATION: 
Property is a 3 bedroom, 2 bathroom house on a corner lot with a very large storage shed.  The backyard is fenced.  Along the back of the house there is a large family room and a smaller, separated room that the owner used for his tool storage.  Also included is an extra room that was originally the garage.  It was converted long ago by the original owner and was rented out.  There is also an inside laundry/utility room.  The floors are terrazzo and carpet and there are room air conditioning units.  
 
This house requires major cleaning and some repairs.  Rehab experience is not a 'must' and a brand new investor could tackle this property but only if he/she has the vision to look past the existing condition of the property. 
 
Suggested repairs include:  major cleaning; upgrade kitchen and appliances; new washer and dryer; upgrade bathrooms; new flooring (or at least put new carpet if you're buffing the terrazzo); some exterior doors; new wood on shed; clean up landscaping; paint interior and exterior. 
 
 Property Details:
 Bedrooms: 3
 Bathrooms: 2
 Construction: CBS
 Square Feet: 1634+
 Legal Description:   Lot 20 Blk 9, PLAYLAND ISLES, 37-14
 County:  Broward
 Parcel ID Number:  50-41-36-06-1720
 
Comparable Value Summary
This property has an estimated value of $255,000.00-260,000.00
Pricing Information
 
Wholesale Properties Price : $170,000.00 or best offer.
 
HARD MONEY IS AVAILABLE!
Call Us Today!
It must close prior to October 31, 2007.
TERMS: CASH or HARD MONEY FUNDING ONLY. If you need HARD MONEY we will provide you with information on how to obtain.
Viewing Instructions: Drive by and then contact our office so we can make an appointment for you to view the inside.   

If you are interested, please DON'T HESITATE to CALL US IMMEDIATELY.  Super clean properties like this DO NOT LAST!  If you need more details, feel free to call us!


2611 SW 56 Ave.
Hollywood (West Park) Florida

~*~Miami Garden Estates~*~

BLOCK 3/1 SFH w. 1,041 sqft!!!
Property is a TRUE 3 bedroom &
Tax assessed for $120K!!
Situated on a 6,600sqft lot!!

Needs updating through-out
(Kitchen, bath, flooring & paint)

Wholesale Properties Price : $129,900.00
RETAIL: $250K


PLEASE make sure you perform your own due diligence

2611 SW 56 AV
HOLLYWOOD Florida 33023

Wholesale Properties Price : $135,000
ARV---220,000

Description: 3/1, 850, Sq Ft CBS, Handyman Special


19840 SW 117 Avenue
Miami, Florida 33177 

Property Is Still Available! 
New Roof Being Put On Now.  It will have a FULLY TRANSFERRABLE warranty to both you AND your buyer! 
 
DRIVE-BY and then call us for an appointment for you to view the interior. 
 
The Homeowners Have
Moved Out But They Took Very Good Care Of Their Investment!  Some Repairs Are Needed But None Of The Repairs Are Difficult or Costly!
 
This is a GREAT property for a new investor or someone who doesn't want to tackle a lot of rehab. 

PROPERTY INFORMATION
 
19840 SW 117 Avenue, Miami, FL 33177 
 
Property is a large 4 bedroom, 2 bathroom home that was nicely kept by the owners.  It has a very nice, large fenced yard and is on a corner lot.  The house will have a new roof with a transferable warranty on it when it is purchased because the owner is in the process of having the roof replaced now. 
 
Suggested repairs include updating the kitchen and putting in a new refrigerator and stove; painting; and flooring (house currently has carpet, tile and terrazzo). 
 
 Wholesale Property Details:
 Bedrooms: 4 
 Bathrooms: 2
 Construction: CBS
 Square Feet: 2262+
 Legal Description:   Lot 11 Blk 24, SOUTH MIAMI HGTS ADDN-P, 84-44
 County:  Miami-Dade
 Parcel ID Number:  30-6901-008-0750

Comparable Value Summary
This property has an estimated value of $305,000-315,000
Pricing Information
 
Wholesale Properties Price : $222,500.00 or best offer. 
That means you should go out and take a look and then call us immediately if you want it! 
 
HARD MONEY IS AVAILABLE!
Call Us Today!
It must close prior to November 1, 2007.
TERMS: CASH or HARD MONEY FUNDING ONLY. BANK FINANCING MAY BE ACCEPTED FROM QUALIFIED BUYERS. If you need HARD MONEY we will provide you with information on how to obtain. If you need and believe you qualify for bank financing, we also have options that you may want to explore in that regards as well.

Viewing Instructions: Drive by and then contact our office so we can make an appointment for you to view the inside.  Please do not disturb residents. 
If you are interested, please DON'T HESITATE to CALL US IMMEDIATELY.  Super clean properties like this DO NOT LAST!  If you need more details, feel free to call us! 


1626 NW 15 Terr.
Ft. Lauderdale, Florida

Spacious BLOCK 3/1 SFH w/ POOL!!!!
Property features 1,185sqft on nice sized lot!!
New kitchen being installed as we speak!!!

Just needs windows &cosmetics!!
Wholesale Properties Price : $159,900.00
Retail: $245K+


6111 Jackson Street
Hollywood, Florida 33023

2/1
$155,000 Below Market Value
Pre-rehab Started, needs completion

Wholesale Properties Price : $115K
ARV $265K


Del Mar Village in West Boca
21640 Napa Ct
Boca Raton Florida 33433

3/2.5/2 Car Garage
Newer S Style Roof
Corner Lot
GREAT LAYOUT!!!

Wholesale Properties Price : $295K
$490 ARV


6328 SW 24 St.
Miramar, Florida 33023

Wholesale Properties Price : $134,000
Est. Profit - $31,080 to $47,200

County: Broward
Adj. Sq Ft: 855
Sub-Division: Welwyn Manor
Folio: 51-41-24-17-2790
Type: Single Family
Built: 1970

Description:
2/2 starter home on a corner lot in working class neighborhood with covered back patio. House needs a lot of work but big profits await an experienced investor. Cheap enough to rehab, refinance, rent and hold.

Repairs:
Water has come in through the roof causing water damage and mold within. The house needs everything including a new roof; kitchen, bathrooms, drywall repairs; electrical; flooring, painting, water heater, AC, appliances.

? FMV Value: $225,000+
? Wholesale Properties Price : $134,000

? Close ASAP
? Buyer pays buyer closing costs
? Cash or hard money only

Comparables :
CLOSED:
6429 SW 22 St
2/1, 810 sq ft
Sold 9/25/2007
$250,000

6409 SW 21 St
2/1, 1,211 sq ft
Sold 9/17/2007
$250,000

6417 SW 24 St
2/1, 1,111 sq ft
Sold 9/19/2007
$240,000

6511 SW 31 St
2/1, 791 sq ft
Sold 9/19/2007
$230,000

2140 SW 67 Ave
2/1, 1,014 sq ft.
Sold 9/14/2007
$202,000

PENDING:
6429 SW 25 St
2/1, 851 sq ft.
$225,900

ACTIVES:
2219 SW 62 Ter
2/1, 646 sq ft.
$259,900

6321 SW 19 St.
2/1, 723 sq ft.
$235,000


20325 NE 10 Ct.
Miami Florida

~ Sky Lake ~
Great NE Miami Location!!!!!
Spacious BLOCK 3/2 w. 2 car garage SFH!!!!!
Property features 1,740 sqft, vaulted, beamed ceilings,
Separate dining area, barrel tile roof is water tight,
24hr guard gated Community, hoa $157 p/mth!!!

Property is in original condition & could use updating!!!

Minutes to Aventura & the beaches!!!

Wholesale Properties Price : $214,900.00
RETAIL: $320K++++++++

Active COMPS:
20425 NE 10 Rd. $377K
1004 ne 204 Ln. $600K
1061 NE 204 Ter. $377K
1073 NE 204 Ter. $365K
20424 NE 10 Ct. $390K
1087 NE 204 Ter. $330K
1081 NE 204 Ter. $405K
1074 NE 204 Ter. $380K
1091 NE 203 Ln. $330K
1045 NE 203 Ter. $415K
1077 NE 202 Ln. $368K
20320 NE 10 Rd. $389K
20231 NE 10 Ct. $280K

Closed COMPS:
20412 NE 10 Rd. $330K 1/07
1024 NE 204 Ter. $399K 6/07
1037 NE 202 Ln. $305K 7/07
20300 NE 10 Rd. $400K 4/07
1077 NE 202 Ln. $332K 12/06
20416 NE 10 Rd. $390K 10/06


225 SW 7 CT
DEERFIELD BEACH Florida 33441
2/1 frame
needs general updateing
ARV 165K
Wholesale Properties Price : 94,000
==================================================================================
121 NW 21 St.
Pompano Beach Florida
3/1 CBS house.
1250 sq. ft. that was built in 1961. Mostly renovated. New Central AC, roof, windows, knockdown and bath work.
Needs carpet, cabinets and finishing touches.
On lockbx.
Comparable Sales $245,000- $270,000
Wholesale Properties Price : $164,000
==================================================================================
1500 NW 65 St.
Miami Florida

8 unit apt. building.
All 2/1's and rented
2 floors
Over 34oo sq. ft.
Recently renovated.
Wholesale Properties Price : $400,000
==================================================================================
630 S. L St.
Lake Worth Florida
CBS duplex that consists of 2- 1/1's.
Good condition that needs only minor cosmetic repair.
Rental income is $1500 a month.
Wholesale Properties Price : $147K
==================================================================================
10406 SW 52 St.
Cooper City Florida
4/2.5 BLOCK home w/ POOL on a canal that opens up to a wide mouth lake!!!!

Property has a 1 car garage that was converted to 5th bdrm. Features 2,267 sqft, enclosed porch/patio with in-ground pool

Property is in original condition and needs some updating through out. OCCUPIED
DO NOT DISTURB!!!
Wholesale Properties Price : $284,900.
Retail: $385K+
=================================================================================

141 NE 76 ST
Miami Florida 33138
3-1/1 + 1-2/1 4-Plex fully rented @ $2,350 per month
Concrete/Stucco 1,794 sq. ft
Wholesale Properties Price : 192K
==================================================================================
49 ACRES in Sebring
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
North 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 here 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 reshingle 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
Property is vacant with a lock box. Call for showing.
=================================================================================
1946 NW 68 ST
Miami Florida
3 bed - 1 bath, CBS, Needs Aprox $20k In Rehab, Needs complete Interior Update
Roof is in Good Shape,
Property is boarded up for Security,
This has to be a fast close Permits Will Need to be Pulled

Wholesale Properties Price : $104,000
=================================================================================
21640 NAPA CT
BOCA RATON, Florida 33433

Single Family House 3 Bedrooms / 2.5 Bath / 2 Car Garage Covered Patio CBS Construction Central A/C Area: 1,972 living sq ft/ 2,400 Total sq ft
Repairs estimate includes new kitchen, bathrooms, paint, flooring, appliances, landscaping, potential roof damage.

CLOSE TO TOWN CENTER MALL, PALMETTO PARK RD AND POWERLINE RD INTERSECTION IN BOCA RATON. VERY DESIRABLE AREA.

Estimated After Repair Value. $420,000
Wholesale Properties Price : $305,000
Estimated Repairs........................................ $30,000
Gross Margin After Rehab.......................... $90,000
AVERAGE ACTIVE LISTING........................ $460,000

=================================================================================
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
Average comp's $347k
Will Consider Conventional Financing
================================================================================
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
================================================================================
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
Estimated After Repair Value(ARV): $300k
Will consider Conventional Financing
=================================================================================
6262 Winfield Blvd.
Margate Florida

3/1 + pool. CBS. Easy rehab.
Values to low 220k
Wholesale Properties Price : $164,000
===============================================================================
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
Estimated After Repair Value (ARV) 200k+
Wholesale Properties Price : $135,000


LIGHT Handyman Special!!! GREAT LOCATION

2315 NW 107 st.
Miami, Florida 33167

Property Information:
3 Bedrooms/2 Bath w/ Carport
Sq. Footage: 1520 Sq. Ft.
Lot Size- 10,350 Sq. Ft. (Lot and a half)
Year Built: 1958
Construction: Concrete- CBS

Estimated After Repaired Value- 260K
Repairs- 5-10K (Depending on who does the work)

Wholesale Properties Price : $175K

Home has hardwood floors in living room and needs cosmetics (Paint- Inside and out, carpet in the bedrooms and flooring in the small utility room). Walking distance to Miami Dade Community College North Campus. Single family home in an excellent location with minimal repairs.

Comparables:
Property Sale Date Sale Price Sq. Footage

2520 NW 108th St Miami 33167 05/23/2007 $260,000 1,437
11115 NW 22nd Ct Miami 33167 08/10/2007 $280,000 1,621
2320 NW 101st St Miami 33147 09/14/2007 $260,000 1,312

THREE WAYS TO BUY:

1- Cash or Hard Money..Always preferred.

2- Take over current mortgage payments "Subject-To". The benefits of taking over the current mortgage payments are that you do not need to use ALL of your CASH or use a HARD MONEY LENDER. You can save a TON of money by taking over the current mortgage payments. In order to take over the payments for this property you will need about 45k CASH to close.

3- You can get conventional financing with a bank as the property will qualify for financing.

For ALL THREE Ways to buy this property all of the below apply:

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

Showing....
Drive By outside, make appointment to view inside.
Please do not disturb occupants.


1406 Madrid St
Coral Gables, Florida 33135

Wholesale Properties Price : $435,000
Est. Profit - $77,045 to $130,84

County: Dade
Adj. Sq Ft: 1,390 total
Sub-Division: Coral Gables Granada
Folio 1: 03-4107-018-6080
Type: Duplex Multi-Fam Less 10
Built: 1926

Classic and charming 2/2 with working fireplace and 2/1 CBS duplex in elegant residential area; wood floors; French doors; barrel roof; nicely landscaped; central AC

Repairs: Kitchen and bathrooms need updating; some minor drywall repairs; minor roof repair in back house; re-stain wood floors in front house.
Est. cost of repairs: $20,000

The property is currently vacant. For showing instructions, call Frank 954-239-0555

? FMV Value: $615,000
? Wholesale Properties Price : $435,000

? Close ASAP
? Buyer pays buyer closing costs
? Conventional, cash or hard money

Comparables:
CLOSED:
1206 Pizarro St
3/2, 1,381 sq ft.
Sold 7/20/2007
$590,900

900 Milan St
2/2, 1,211 sq ft
Sold 6/26/2007
$585,000

ACTIVES:
1025 Lisbon St
3/2, 1,581 sq ft.
$624,900

813 Messina Ave
3/2, 1,438 sq ft.
$636,90

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