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South Florida Wholesale Properties, Issue 10-18-07
October 18, 2007
South Florida Real Estate Investors

South Florida Wholesale Properties - 10/18/2007

DO NOT DISTURB TENANTS/OCCUPANTS. Do your Due Diligence and DRIVE BY ONLY, 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

If you are not able to see the below properties, 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.


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.

Pre Foreclosure / Short Sale Property

3396 NW 47th Ave

Coco Creek, Florida 33063

2/2 Condo in great shape. All Ages.

Estimated Value of 200k

Wholesale Properties Price: 154K (each)

 

20325 NE 10 Ct
Miami, FL 33179

Wholesale Property Details:
County: Dade
Adj. Sq Ft: 1,740
Sub-Division: Sky Lakes Villa
Folio: 30-1231-018-1840
Type: Single Family
Built: 1979

Description:
3/2 with garage; brick pavers driveway; barrel roof; tile throughout with carpet in in bedrooms and portion of dining room; central AC; high ceilings.

Repairs:
Bathrooms and kitchen need updating new flooring required; remove wallpaper; install new light fixtures; interior/exterior painting; some landscaping; screening in back porch needs replacing.
Est. cost of repairs: $20,000

The property is currently occupied. For showing instructions call.

? FMV Value: $345,000+
? Wholesale Properties Price: $231,000
? LTV: 65%
? Close ASAP
? Buyer pays buyer closing costs
? Cash or hard money only

CLOSED:
1150 NE 204 Ter
3/2, 1,776 sq ft
Sold 9/7/2007
$298,000

1037 NE 202 Ln
2/2, 1,723 sq ft
Sold 8/14/2007
$305,000

20210 NE 14 Ave
3/2, 1,405 sq ft
Sold 8/6/2007
$330,000

1310 NE 202 St
3/2, 1,973 sq ft
Sold 7/28/2007
$355,000

ACTIVES:
20425 NE 10 Rd
3/2, 1,740 sq ft.
$377,000

20320 NE 10 Rd
3/2, 1,840 sq ft.
$389,000


1500 NW 65 St
Miami Florida

8 Units, All 1-1s, CBS, Fully Rented Averaging $560 Month Each,
Separate Electric Meters, Needs Nothing,

Wholesale Properties Price: 373k
DRIVE BY ONLY & CALL FOR SHOWING
REALTORS ADD YOUR COMMISSION


514 N 6 St
Fort Pierce, FL 34950

County: St. Lucie
Adj. Sq Ft: 2,444
Sub-Division: Assessor S Map of N Part
Folio: 24-03-705-0153-0004
Type: Triplex. Zoned Multi-Fam 1-9 units (08)
Built: 1949/1977
Taxes 2006: $2,792.65

Description:
Fire damaged triplex with 2/1 ($850/m) + 2/1 ($850/m) + 1/1 ($500/m). Rent totaled $2,300 from previous tenants. Once house is repaired, refinance this and cash flow. If you refinance for $160,000 at 8% interest for a 30 yr mortgage, your monthly P&I is approximately $1,174.02. Monthly taxes are $232.72. Monthly insurance would be approximately $300. Total should be around $1,706.74 per month. Therefore,  you may be able to achieve approximately $600 per month cash flow income if you decide to hold and rent. OR fix it and sell it for huge profit.

Repairs:
Middle unit has extensive fire damage. Other units have smoke damage. All three units need extensive renovations.
Est. cost of repairs: $60,000

? FMV Value: $245,000+
? Wholesale Properties Price: $90,000
? LTV: 35%
? Close ASAP
? Buyer pays buyer closing costs
? Cash or hard money only

Comparables:
CLOSED:
223 N 2 St
8/4, 2,709 sq ft
Sold 8/29/2007
$272,00


288 NE 58th Terrace
Miami Florida 33147
 
Handyman Special. Huge opportunity!!!**. Duplex with 3 units.4 electric meter and 2 water meters. $$$$Cash buyers or Hard Money only !!$$$$.  Property needs work.
Property appraises well above $310,000 after rehab. Property is sold in AS IS condition. There are No liens and No violations!!!.. CHECK THE COMPS
 
Wholesale Properties Price:  $159,000
DRIVE BY ONLY! 
DO NOT DISTURB TENANTS!!!!!!! 
 
522 S. F St.
Lake Worth Florida

4 bedrooms (up to 6 bedrooms if you add closets in both rooms), 2 bath frame home;
Tax roll shows incorrect sq ft.-Actual size is 1622 sq. ft. in east Lake Worth ; needs work.
Great rental potential. Has a detached storage shed with electric. 
Awesome rental potential with 6 bedrooms.
 
Do not disturb tenants.

Wholesale Properties Price: $104,900 
ARV approx. $200K 
 
INTERESTED AFTER DRIVE BY?

PROPERTY IS:
"AS IS"

Drive by first
Cash or Hard money only
Buyer pays all closing costs

Property may be withdrawn or unavailable at anytime
Do your own due diligence with respect to ERV's
Realtors/Brokers add your fees ontop
We do not warrant nor guarantee property details and information provided


942 NW 116 Street
Miami, Florida 33168

Folio#: 30-21-35-013-0810
3/2 (use as duplex or single)
Frame & Stucco * 1250 Sf
Year Built 1949 * Taxes $2543
Large Corner Lot: 5,674 SF * Zoned Single
Good Roof and Window
Estimated Rehab $25k-$30K

Brokers and Agents...please add commission

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

Comparable Sales
860 NW 108 ST * 2/1 * 948sf * Sold $250,000
1669 NW 117 ST * 3/2 * 1103sf * Sold $250000
1029 NW 112 ST * 3/2 * 1289sf * Sold $230,000
11525 NW 11 AV * 3/1 * 1255sf * Sold $225,000
793 NW 114 ST * 3/1 * 1265sf * Sold $220,000
1146 NW 106 ST * 3/1 * 1019sf * Sold $215,000

Wholesale Properties Price: $135,000

* Market Value $230,000


20325 NE 10 Ct
Miami Florida 33179

County: Dade
Adj. Sq Ft: 1,740
Sub-Division: Sky Lakes Villa
Folio: 30-1231-018-1840
Type: Single Family
Built: 1979

Description:
3/2 with garage; brick pavers driveway; barrel roof; tile throughout with carpet in in bedrooms and portion of dining room; central AC; high ceilings.

Repairs:
House needs cosmetic work only. Painting and replacing carpet. Otherwise, it is in move-in condition. Super, fantastic, incredible, amazing opportunity for new investors! By the way, did we say how great a deal this is?

The property is currently occupied. Call for showing instructions.

? Estimated FMV Value: $315,000+
? Wholesale Properties Price: $231,000

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

Comparables:
CLOSED:
1150 NE 204 Ter
3/2, 1,776 sq ft
Sold 9/7/2007
$298,000

1037 NE 202 Ln
2/2, 1,723 sq ft
Sold 8/14/2007
$305,000

20210 NE 14 Ave
3/2, 1,405 sq ft
Sold 8/6/2007
$330,000

1310 NE 202 St
3/2, 1,973 sq ft
Sold 7/28/2007
$355,000

ACTIVES:
20425 NE 10 Rd
3/2, 1,740 sq ft.
$377,000

20320 NE 10 Rd
3/2, 1,840 sq ft.
$389,000


1604 NE 14th Terrace ** Poinsettia Heights **
Fort Lauderdale Florida 33305

Subdivision: Allenwood Addition No. 2

Wholesale Properties Price: $210,000
Comparables: Sold @ $388k average - (Please do your own due diligence)

Description: 2 bed, 2 bath, Car Port, 1171 sq ft (approx), CBS, Dead end street, Open floor plan, Needs updates - kitchen, baths, flooring, landscaping, central A/C, etc. Property is vacant door).


210 Lake Points Drive, Unit 107
Oakland Park Florida 33309
 
This Condo is in excellent condition, a retail ready, wholesale-priced property. Please review the details and photos and contact me for scheduling inspection.  It is a gated community. 

Brokers and realtors, please add your commission on top.
 
With any questions, contact me on my cell phone 561-866-2707.
Condominium at 210 Lake Points Drive, Unit 107, Oakland Park, FL 33309
 
Subdivision: LAKE POINTE
 
Nice neighborhood condo, 2 bedrooms + 2 bathrooms, NOT 55+ (repeat, NOT 55+), 830 sq.ft. living area, great conditions, excellently maintained by owner.
 
ARV: $145,000
Wholesale Properties Price: $90,000


4100 NW 13th Avenue
Oakland Park Florida 33309
 
This Single Family Home is in excellent condition, a retail ready, great curb-appeal, wholesale-priced property. 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.
 
Single Family Home 
Subdivision: TWIN LAKES HOMES  
Nice neighborhood, SFH with 3 bedrooms + 2 bathrooms + covered patio with a hot tub, 1,258 sq.ft. living area, nicely landscaped lot. Pristine conditions, excellently maintained by owner.
 
ARV: $255,000
Wholesale Properties Price: $180,000


4062 Belle Road
Lake Worth Florida 33461
 
We reduced the price for this 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.

Brokers and realtors, note:  Add your fees to the asking price below.

Single Family Home 
Subdivision: BON AIR ACRES

Moving in conditions, 2 bedroom+1 bathroom, about 1000 sq.ft. living area, CBS. Repairs neeeded are mostly cosmetic, paint, fixture updates, several windows and clean up.

ARV: $202,000

Wholesale Properties Price: $112,500


Wholesale Property - Great Profit Potential
Property Details:
4950 Woodlands Blvd
Tamarac Florida 33319

Single Family Home
4 bedroom, 3 bath, 2 car garage, 3300 sq.ft., ~30,000 sq.ft lot, with pool, built in 1969

ARV: $600k-650k
Wholesale Properties Price: $385,000

Estimated Repair Costs: $40,000

Repairs Required:
Repair roof
Replace/repair drywall and paint
Replace carpet in bedrooms
Garage door repair or replace
Clean pool
Landscaping
Debris removal

Terms:
Cash or Hard Money

Viewing Instructions:
Drive by and/or call 954-239-0555


TAMPA AREA WHOLESALE PROPERTY BARGAIN DEALS

ALL BETWEEN 65% - 70% LTV
 
1) Address:   6925 DiMarco Road Tampa, FL 33634 
    About:      5 Bed/2 bath  1644 sf cb on a 60x100' lot blt in 1959
    Repairs: 10k
    Arv: 190k
    Wholesale Properties Price: 117.5k
    Comments: Very nice curb appeal located in TnC and rent ready
 
2) Address: 9902 Club Lane Tampa, FL 33612 
    About : 3 bed/1.5 bath  1002 sf cb on a 59x120' blt in 1970
    Repairs: 5k
    ARV:140K
    Wholesale Properties Price: 85k
    Comments: Quiet street in Tampa Overlook
 
3) Address : 10417 Canary Isle Dr., Tampa, FL 33647 
    About:     4 bed/3.5 bath  3338 sf cb on a 60x 103' lot blt in 2003
    Repairs: 0
    Arv: 500k
    Wholesale Properties Price: 385k
Comments: Beautiful 2-story home in desirable Cory Lake Isles, located on a conservation lot. Offers
gas fireplace, in-ground pool, and spa. Must see! POF is required with offer!!
 
4) Address:  3412 East 26th Ave Tampa Fl 33605
    About:    3/1 1238 sf fr on a 45x105' lot blt in 1918
    Repairs: 20-25k
    ARV: 145k
    Wholesale Properties Price: 72k
    Comments: Separate 55x105' lot available next door for 27.5k
 
5) Address:  101 W. Woodlawn Ave. Tampa, FL. 33603
   About : 4bed/2 bath  2552 SF fr on a 50x50' lot blt in 1923
   Repair: 5k
   Arv: 265k appraisal
   Wholesale Properties Price: 160k
   Comments: This is a very attractive house and very nicely remodeled!!
 
6) Address:  3505 E 29TH Ave Tampa, Fl 33605 
    About:     3 bed /1 bath  1076 sf fr on a 50x130' lot blt in 1928
    Repairs: 0
    Arv: 145k
    Wholesale Properties Price: 97k
   Comments: Very nice curb appeal. Comps are higher!
 
7) Address:   8417 N 15th St Tampa, Fl 33605
    About: 3 bed /1.5 bath 1200 sf fr on a 100x105' lot blt in 1946
    Repairs: 2k for clean up maybe just sweat equity
    Arv: 150k
    Wholesale Properties Price: 97k
Comments: nice screened in front porch!
 
PURCHASE PROCEDURES:
-Please do drive by first!
-Please do not disturb tenants!
-Some properties require a 1k refundable deposit and contract before scheduling a interior inspection due to being tenant occupied.
-All prices are net to seller
-Buyer pays all closing cost
 
Please for further information call . Thank you for your interest and have a great day.


W Cherry St
West Tampa Florida 33607

Investors, huge 2 story house 2600sqft with 7 individual rooms, 2bths and 2 kitchens. This an awesome opportunity for serious cash flow on this 2-story boarding house in West Tampa.

Take this great opportunity to collect weekly, bi-weekly and monthly incomes. Weekly is $100-125. Easy 3k a month when full. Repairs are needed, but can be done along the way if necessary while structure is occupied. 4 rooms currently occupied now. Jump on this income opportunity.

Wholesale Properties Price: 114k
Zillow is 227k with higher comps around
Drive by only
This will go quick


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