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South Florida Wholesale Properties, Issue 10-31-07
October 31, 2007
South Florida Real Estate Investors

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South Florida Wholesale Properties - 10/31/2007

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 Francisco Ortiz at Cell 954-822-0796 or Office 954-239-0555

729 NE 85th Street
Miami Florida 33138-3662

3 bed 1 bath
1106 Sqft
5100 Sqft lot

Pencil @ $380,000
2 out of 3 comps $400k within .5 miles and within 6 months
Needs full update estimated @ $30k

Wholesale Properties Price: $225,000



HANDYMAN SPECIAL! 79K REDUCED!!! 41% LTV!

1729 NW 51 TERRACE
MIAMI Florida 33142

3 BEDROOMS / 1 BATHROOM
TOTALSQFT: 1,332
LOTSQFT: 5,000
CONSTRUCTION: CBS
YEAR BUILT: 1926

AFTER REPAIRED VALUE (ARV) = 190K
REPAIRS = 50K
Wholesale Properties Price: 84K

Realtors: Please add your commission to the asking price.
CASH OR HARD MONEY ONLY! MUST CLOSE ON OR BEFORE NOVEMBER 12, 2007.
Please call Frank Ortiz at 954-8220796 or office 954-239-0555 for more information.

 

708 SW 22 Ave.
Fort Lauderdale Florida 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.
Est. cost of repairs: $20,000

The property is currently occupied. For showing Call Frank 954-822-0796

FMV Value: $210K-$220K
? Wholesale Properties Price: Highest & best reasonable offer
? Close by 15 November 2007
? Buyer pays seller closing costs
? Use HomeTraders Title Co.
? Cash or hard money only

Comparabbles:

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







942 Nw 116 St
Miami, Florida 33168

Folio#: 30-21-35-013-0810
3/2 * Frame & Stucco * 1250 Sf
Built 1949 * Taxes $2543
Large Corner Lot: 5,674 SF
Good Roof and Windows
Estimated Rehab $25k-$30

Brokers and Agents...Please Add Commission
"As-Is / Where-Is" Condition
Cash or Hard Money Only
$5k Escrow Deposit Required
Must Use Seller Title
Vacant / Please Call For Easy Showing

Recent Sold Comparable
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: $134,900
Market Value $239,00

2/2 - Condominium
210 Lake Pointe Drive
Unit 107
Oakland Park Florida 33309

NOT 55+ (All Ages)

This Condo is in excellent condition, a retail ready, wholesale-priced property. Please review the details and photos, and make your best and highest offer, hard money or cash. Contact me for scheduling inspection, as it is a gated community.   

Brokers and realtors, please add your commission on top.
 
With any questions, contact me on my cell phone 954-822-0796.
Condominium at 210 Lake Pointe Drive, Unit 107, Oakland Park, FL 33309
 
Nice neighborhood condo, 2 bedrooms + 2 bathrooms, NOT 55+ (repeat, NOT 55+), 830 sq.ft. living area, great conditions, excellently maintained by owner.
 
Estimated retail Price: $145,000

Wholesale Properties Price: $78,500







427 S 24th Ave
Hollywood Florida 33020

ACT FAST!!!
$80k BELOW MARKET VALUE

After Repair Value (ARV)…. $190,000+
Wholesale Properties Price:………... $ 115,000

Gross Margin Pre-Rehab….. $80,000
Estimated Repairs…………... $15,000
Gross Margin After Rehab… $65,000

Great potential just blocks from downtown Hollywood. Needs general updating (kitchen, baths, paint, and flooring).
− 2/2 SFR
− 806 Living sq. ft. / 978 total sq. ft.
− 5,000 Lot sq. ft.
− Central A/C

wholesale property
Wholesale Property

6328 SW 24th St
Miramar Florida 33023

ACT FAST!!!
$100k+ BELOW MARKET VALUE

After Repair Value (ARV)…. $220,000+
Wholesale Properties Price:………... $ 120,000

Gross Margin Pre-Rehab….. $105,000
Estimated Repairs…………... $30,000
Gross Margin After Rehab… $75,000

Needs new roof, drywall, A/C, flooring, kitchen, bathroom, and paint in & out.

Great location.
− 2/2 SFR, 855 sq. ft.
− Large corner lot

Wholesale Properties
wholesale properties

514 N 6 St
Fort Pierce Florida 34950

Wholesale Price: Highest & best offer

Wholesale Property Details:
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

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.

Middle unit has extensive fire damage. Other units have smoke damage. All three units need extensive renovations.
Estimated Cost of Repair: $60,000

? FMV Value: $245,000+
? Wholesale Properties Price: All reasonable offers will be considered.
? Close ASAP
? Buyer pays buyer closing costs
? Cash or hard money only
? Bidding process

If you are seeking a hard money loan, we will provide you with information to obtain one.

CLOSED:
223 N 2 St
8/4, 2,709 sq ft
Sold 8/29/2007
$272,000

The property is currently vacant. For showing instructions, call Frank Ortiz on his cell at 954822-0796 or in the office 954-239-0555.

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Single Family Home at
3757 SW 41st Street
Hollywood Florida 33023

This SFH is wholesale priced to sell quickly. Make your best and highest offer, after you review the details and photos. It is unoccupied and easy to view, so contact me for scheduling inspection.  

Brokers and realtors, please add your commission on top.
 
With any questions, contact me on my cell phone 954-822-0796 or office at 954-239-0555.

Subdivision: LAKE FOREST
 
Nice neighborhood SFH, 4 bedrooms + 2 bathrooms, 1,539 sq.ft. living area, 

needs total rehab.  
ARV: $260,000
Wholesale Properties Price: $155,000




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: 84K

Realtors: Please add your commission to the asking price.

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

4014 SW 49 Court
Davie Florida 33314

Wholesale Property information:
3 Bedroom/2 Baths, 1634+ sq.ft.
Property is a 3 bedroom, 2 bathroom house on a corner lot with a very large storage shed.  The backyard is fenced.  The front porch is screened.  There is a large family room on the back of the house that spans the width of the house.  Part of that room is divided into a smaller, separated room that the owner used for some small tools and as an inside workshop.  There is a separate entrance on the west side of the house that leads into a conversion done by the original owner that includes an inside laundry/utility room and a room that the original owner was renting out to a boarder.  The floors are terrazzo and carpet and the house has central air and room air conditioning units.  
 
Suggested repairs include:  
Major cleaning; upgrade kitchen and appliances; replace some facia board; 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 or siding on shed; clean up landscaping; paint interior and exterior. 
 
 Wholesale 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
Wholesale Properties Price: 170,000
closing prior to November 15th 2007 (or 10 days after completion of probate)

Terms :
Cash or Hard Money ONLY

Viewing instructions: Drive by and call for appointment




6252 Hanna Lane
Lake Worth Florida 33463

Wholesale priced, perfect condition, move-in ready, SFH in Homes of Lee's Crossing area of Lake Worth. Please do your numbers and if interested contact me with your best offer and instructions 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 cell phone 954-822-0796 or office 954-239-0555.

Excellent conditions, 3 bedroom+2 bathroom+1 car garage, plus den, rear patio, all tile floors Mexican tile, French doors, fenced yard, place to park an RV AND a boat, 1,417 sq.ft. living area, CBS. NO repairs are neeeded whatsoever, new shingles roof, new A/C, new kitchen, new baths.

Estimated Retail Price: $260,000
Wholesale Properties Price: $175,000

wholesale Properties
wholesale Properties
wholesale Properties
wholesale Properties
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wholesale Properties

5543 Nw 4 Ave
Miami Florida 33127

Folio#: 01- 31- 13- 042- 2310
3/1 with plenty of room in 2nd bath
Frame Construction * 1250 Sf
Built 1937 * Taxes $3,962
Large Corner Lot: 6,250sf
Good Roof and Windows
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
Vacant / Please Call For Easy Showing, Thank You

Wholesale Properties Price: $124,900
Estimated Market Value $239,900

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wholesale properties

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