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South Florida Wholesale Properties, Issue 10-25-07
October 25, 2007
South Florida Real Estate Investors

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

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

South Florida Wholesale Properties - 10/25/2007

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 954-239-0555

6328 SW 24 St.
Miramar Florida 33023

Wholesale Price: $125,000 or best offer

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

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.

Est. cost of repairs: $35,000

? FMV Value: $225,000+
? Wholesale Properties Price: $125,000
? Close ASAP
? 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.

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


708 SW 22 Ave.
Fort Lauderdale, FL 33312

Wholesale Property Details:
County: Broward
Adj. Sq Ft: 1,246 total
Sub-Division: Brendale Heights
Folio: 50-42-08-10-0280
Type: Single Family
Built: 1959

Great 4/2 bread and butter home in quiet residential area West of I-95 and North of Davie Blvd. Front covered patio, concrete driveway, large lot.

Repairs:
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.
Estimated cost of repairs: $15,000

? FMV Value: $220,000+
? Wholesale Properties Price: $140,000
? Close by 15 November 2007
? Buyer pays seller 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.

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


798 NW 35th Street
Miami Florida 33127-3352
 
2 bed 1 bath
1282 Sqft
6950 Lot Size
Stucco over Frame
 
This is a very good area of Miami. The place itself is not in good condition. Needs roof, floors, kitchen, bathroom. There is an efficiency which was done without permits but it should not cost a lot to convert back to a carport if necessary. Great deal for someone willing to do the work.
 
Work can be completed for $50k - $60k
Wholesale Properties Price: $120,000
Comps: up to $290,000 ($260k – $270k more realistic retail value)


3190-92 Carter Street
Coconut Grove Florida 33133

Wholesale Properties Price: $251,000 obo
ARV: $440,000

WHOLESALE PROPERTY INFORMATION
Great investment property in the Grove. Originally a 2/1, 2/1 duplex, this property is zoned R-2 but has been converted in a 3/2 SFH. The property has only one meter. The roof and windows are in great shape and it also has central A/C.

Repairs
Interior needs sheetrock installation; update kitchen and bathrooms; second kitchen can be added and the second bathroom needs to be finished; needs flooring; interior/exterior paint; landscaping.
Est. Cost of Repairs: $25,000

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


1406 Madrid Street
Coral Gables Florida 33133

Wholesale Properties Price: $435,000
ARV: $615,000

PROPERTY INFORMATION
Classic and charming SFH in an absolutely gorgeous upper class neighborhood.  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, mold present.
Est. Cost of Repairs: $30,000

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

TERMS
The transaction must be closed with our title agent -- no exceptions.
Open for Conventional Financing...


708 SW 22 Avenue
Fort Lauderdale Florida 33312

Wholesale Properties Price: $140,000
ARV: $220,000+

PROPERTY INFORMATION
Great 4/2 bread and butter home in quiet residential area West of I-95 and North of Davie Blvd. Front covered patio, concrete driveway, large lot.

Repairs
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

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! By Nov. 15th, 2007.


19394 NW 30 Court
Miami Gardens Florida 33056

Wholesale Properties Price: $100,000 obo
ARV: $175,000

PROPERTY INFORMATION
Total Sq Ft: 1,600 (LARGER THAN TAX ROLL)
Lot Sq Ft: 4,380
Construction: CBS
Year Built: 1972

Repairs
New Roof; Kitchen and bathroom; Flooring; Paint - Inside / Out; Landscaping
Est. Cost of Repairs: $30,000 - $40,000

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! By Oct. 30th, 2007.


1793 NW 93RD TER
MIAMI Florida 33147

Wholesale Properties Price: $85,000
Worth: $180,00

2 Bedroom / 1 Bathroom. Single Family House.
Year Built 1948
Sq Footage 768
Lot Size 4,200 sqft
Repairs needed: kitchen, bathroom, and ceiling repairs. The roof is new.

Comparables
1901 NW 91ST ST $240,000 1938 3 1 / 05/12/2007
8701 NW 20TH AVE $180,000 1949 2 1 / 07/19/2007
2101 NW 87TH ST $150,000 1948 2 1 / 09/14/2007

Viewing by appointment ONLY!
DO NOT APPROACH HOUSE BAD DOGS IN YARD!


5510 NW 3 AVE
MIAMI Florida 33127

2 BEDROOMS / 1 BATHROOMS (TAX ROLL IS INCORRECT)
TOTALSQFT: 1,364
LOTSQFT: 6,250
CONSTRUCTION: FRAME
YEAR BUILT: 1930

AFTER REPAIRED VALUE (ARV) = 230K
REPAIRS = 50K
Wholesale Properties Price: 89K

CASH OR HARD MONEY ONLY! MUST CLOSE ON OR BEFORE NOVEMBER 10, 2007


3300 NW 20* Terr.
Miami Gardens Florida

~*~ Riverdale Estates ~*~

TRUE 3/1 BLOCK SFH w/ 1,001sqft!!!
Property features GREAT curb appeal!!!
Neighborhood has PRIDE of ownership!!
Hurricane awnings all around,
Newer roof (around 7yrs), updated electric
& is situated on an Oversized, 7,600sqft fenced lot!!!!!!

Needs flooring, paint & Ideally Central a/c!!!

**According to HUD, fair market value for rent for 3 beds in mia. Gardens starts at $1,302.**

DOGS ON PREMISES!!!!

Wholesale Properties Price: $133,900.00
Retail: $190K-$210K++

COMPS:
ACTIVE 21121 NW 32 Pl. 1105sq $199,900
ACTIVE 3501 NW 208 St. 961sq $189,000
PENDING 3500 NW 208 Ter 961sq $210K
CLOSED 3450 NW 208 St. 873sq $210K 9/07
CLOSED 3450 NW 208 Ter 1025sq $195K 9/07
CLOSED 3381 NW 208 Ter 981sq $190K 9/07
CLOSED 3300 NW 210 Ter 987sqft $210K 9/07
CLOSED 3341 NW 211 St 864sqft $210K 4/07

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