Thursday, April 16, 2009

Below Retail Properties - Orlando Areas

7712 Lady Frances Way

Orlando FL 32807

Check out this nice 3/1, 1225 sq ft block home that backs up to the Little Econ trail. The home has oak cabinets, tile floors and has been updated in the past couple of years from the look of things. Roof has another 3-5 years on it but the house is in great condition overall.Home also has a large screened patio with 2 ceiling fans. Property is currently tax assessed at over $135,000.00.

Asking Only $67K + Closing Costs!!

Comps:

7615 LIVERPOOL3/1, 1,040 sq ft sold for $180,000 on 08/05/2008
7648 STRATFORD 4/2, 1,884 sq ft sold for $135,900 on 08/08 w/ pool
2324 DOUGLAS THOMAS 3/1, 1,050 sq ft sold for $120k on 06/08, w/ pool

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Under $13/ Sq Ft!!

606 Katherine St

Orlando FL 32810

This is a huge 5/2.5 home in Catalina Park off of Kennedy Blvd. The home backs up to a canal and has a large addition that is included in the 2198 sq ft living. The home has tile and carpet flooring, lots of sq footage and a paved slab in back that looks like it used to be a basketball court. Home has some huge possibilities and rehab depends on what you do with it. It could be a great rental with 5 bedrooms. The home needs a roof and some soffit and fascia repair along with lots of little things and kitchen updating and appliances if you decide to flip it. Home is tax assessed at $127,000 as is and really depends on what you do to it to determine the value of it. Home is vacant on combo. Email for combo.
Asking $28.5K + Closing Costs

Comps:

410 Sunnyview 4/2, 1676 sq ft sold on 2/09 for $129,100

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Fantastic Cashflow Oppurtunity!!

370 Lake Ontario Ct Unit # 102

Altamonte Springs FL 32701

Here is a nice 2/2, 893 sq ft condo in a great area. The unit is on the 1st floor and has tile and vinyl flooring and a seperate living & Dining area. Bedrooms have walk in closets and unit has washer/dryer hook-ups. Complex is located on Lake Orienta and has tennis courts, community pool and great fishing. Condo association dues are $233/ Month, and it is currently tax assessed at $123,000.00.

This complex currently has 14 other pending units, plus 6 units that have just closed in 2009, investors have been picking up these units!!

Asking $38K + Closing Costs!!

Comps:

610 CHESTNUT OAK CIR 2 /2, 1,255sq ft sold for $145k on 1/09
475 OAK HAVEN DR 3/3, 1,398 sq ft sold for $130,000 on 02/03/2009
616 ORANGE DR 1/1, 633 sq ft sold for $111,000 on 07/15/08

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4113 Kalwit Ln

Orlando FL 32808

Check out this 3/2, 1058 sq ft, concrete block house located off of Mercy Dr. , close to Princeton . Home is tax Assessed at $87k and has an upside potential of approx $90k-$100k. Home is block construction and needs updating. Kalwit is the only road in the subdivision. This house would make a great rental property. Vacant please call for showing instructions

Asking Only $29.9K + Closing Costs

Comps:

4115 LAKE LAWNE AVE 3/2, 1107 sq ft sold for $132k on 1/09

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8221 Sarnow Dr

Orlando FL 32822

This is a 3/1.5, 1053 sq ft concrete block home in the East Orlando sub of Orlando . This home is centrally located off of Goldenrod Rd near the airport between SR 528 & SR 408. Property is in excellent condition needing only paint, and carpet in bedrooms. Home is currently tax assessed at over $150K, and sold for $72,900.00 in 1999!

Asking only $65K + Closing Costs!!

Comps:

8437 Dimare Dr 3/2, 1000 Sq Ft sold for $97K on 12/8/2008.

8432 Quisqualis Dr 3/1.5, 1053 sq ft sold for $99k on 1/16/2009.

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Reduced!!

Seminole County!

409 Lochmond Dr

Fern Park FL 32730

Check out this 4/3, 2120 sq ft pool home in Highland Pines sub of Fern Park . Home has 2 master bedrooms, 1 of which is the huge 520 sq ft upstairs additional master suite, with jacuzzi tub, and stand up shower stall. Newer kitchen cabinets in excellent condition. Home is in need of flooring throughout all bedrooms, and paint, as well as a pool cleanup. (A couple of floating critters!!) The 2009 working tax value on this house is over $215,000.00. Area comps are between $75-$130/sq ft, this one is a steal at under $52/sq ft!!

Asking $106K+ Closing Costs!!

Comps:

2349 Falmouth Rd 3/2, 2017sq ft with pool just sold for $250K on 2/23/2009

2244 Winslow Cir 4/2, 1808 sq ft without pool sold for $215K on 10/31/2008

2352 Dakota Trl 3/2, 1670 sq ft without pool sold for $165K on 12/19/2008

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Back On Market!!

920 W Concord St

Orlando FL 32805

Attention Multi Family buyers, back on the market "The Concord Apartments". This property consists of 26 expiring LIHTC (low Income Housing Tax Credit)units in Orange County , Florida . Concord is conveniently located in downtown Orlando and all of the units are 600 square-foot Studio apartments. Rents are anywhere from $375 a month on the low side up to $495 a month on the high side. Property needs to be turned around with proper management. Cash flow and expenses available upon request as well as a copy of the last appraisal done in June of 2008, which came in between $850-$900k Building is concrete block and all units are in fair condition and need only minor cosmetics and updating. 1 unit has some drywall that needs to be replaced due to a small fire in the kitchen. Complex has coin operated washers and dryers on property. Please email me for more pictures.

Asking only $450k

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Another Cashflow Oppurtunity!!

1229 Elinore Dr

Orlando FL 32808

Here is another Pine Hills cashflow property. This is a 3/1, 1174 sq ft under air, concrete block home. Property was rehabbed within the last 4 years and is still in good shape. Tile flooring, and laminate wood flloring in high traffic areas, real hardwood flooring in bedrooms; which is in excellent condition! Kitchen is in good shape as well. Biggest cost of rehab would be the roof, no active leaks but some facia & soffit damage. Property is currently taxed assessed at $97,000 overall and $42,000 for land value!

Asking only $32K + Closing Costs

Comps:

1246 Rhodes Court 3/1 1115 sq ft sold for $134,500 on 10/21/08

5110 Hernandes Dr 3/2 1656 sq ft sold for $139,000 on 3/10/09

1802 Glendale Rd 3/2 1531 sq ft sold for $99,900 on 1/12/09

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Seminole County School District!

938 Lormann Cir

Longwood FL 32750

This is a 3/1.5, 969 sq ft under air block home that looks like it was rehabbed in the last 2-3 years but just needs some finishing work. The house has laminated flooring, new bathroom vanities and sinks, tiled bathroom floors and shower with custom tile. The bedrooms have newer closet doors and has about 90% new windows; with only 2 or 3 more to finish. The home also appears to have a new roof and central air. The home may be missing the exterior air conditioning unit but overall should only take $2K-$4K to get home in GOOD rental condition. The are 5 other listings in the neighborhood under $100k but the are all REO's or short sales. The 3 that have sold are pretty good comps but with motivated sellers. Property is currently taxed assessed at $123,000!

Asking only $65K + Closing Costs!

Comps:

891 Lormann is a 3/1.5, 1446 sq ft sold on 2/09 for $110k -Motivated seller
726 Logan Dr , 3/1.5, 969 sq ft sold on 7/08 for $134,000
613 Logan , 3/1.5, 1523 sq ft sold on 8/08 for $105k- 1st day on Market

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Already Pending!!!

Another Cashflow Oppurtunity In Pine Hills !!

922 Hacienda Ct

Orlando FL 32808

This 3/1, 1025 sq ft (Property appraiser has it as 825 sq ft but doesn't include 200 sq ft enclosed room) concrete block house is already rental ready. Looks like property was rehabbed within the last 3-5 years, with tile floors throughout, ceiling fans, new bathroom vanity, with older but functional kitchen cabinets. Back patio is screen enclosed, with a fenced backyard. Property is currently tax assessed at just over $100K, with a land value of $43,500.00. Home sold for $27,500.00 on May 1st 1979 for $27,500!!

Asking only $27,000.00 + Closing Costs!!

Recent Comps on Area Foreclosures:

1615 Burnham st 3/1 1352 sq ft sold for $45,150 on 11/7/08 foreclosure

4910 Cortez Dr 3/1 1221 sq ft sold for $47,500 on 11/7/08 foreclosure

915 Inchon Ct 3/1 985 sg ft sold for $62,800 on 12/16/08 foreclosure

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Wow, 3 Houses for The Price of 1!

417 W 11th St

Sanford FL 32771

Check out this! Buy one house, get two houses free deal in Sanford . Buy this lovely two-story 4/2, 1270 sq ft of living area on the Historic Registry of Homes needing only $1500 in repairs and get two rental houses free. These two free houses (2/1, 660 sq ft bungalows on the same parcel with possible commercial usage) will be rental ready at time of closing. All three houses are in trusts and will make for a quick and easy close. Hurry, this great deal will not last. Main house has a fireplace, hardwood floors, new power panel, and fresh paint and carpet in bedrooms. Kitchen needs rehab as well as appliances, and bathroom needs toilet and original clawfoot tub installed. We already have a contractor in place who will finish the kitchen and bath for $1500.00.

Bungalows:

808 & 810 Celery Ave

Bungalows are in the process of being rehabbed and will be rental ready. Numerous repairs already in place including: Drywall, flooring, paint, & windows.
All of this for only $85K + Closing Costs!

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$30K/ Unit!!

308 Grove St

St Petersburg FL 33701

12 UNIT APARTMENT COMPLEX, 8000 Sq Ft located in downtown St. Petersburg .$8400 monthly income with a 19% cap rate. 28% gross R.O.I.!! Completely rehabbed, Hardwood floors, all utilities are working fine and the units are metered seperately. Currently 10 units are rented out of the 12. This complex is priced to move quick and requires cash or hard money. Drive by only unless you call me to set up an inspection to get inside. I have to notify all the tenants 24 hours in advance. Additional pictures and cash flow available upon request.
Asking $360K + Closing Costs!!

As always – DO NOT DISTURB OCCUPANTS/TENANTS OF ANY OF OUR PROPERTIES.

DO NOT CALL THE LISTING AGENTS IF THERE ARE REALTOR SIGNS ON THE PROPERTY.

We are on contract and have the rights to the property. If you want to make an offer that is less than my asking price, GIVE ME THE OFFER! I may just be able to accommodate your request!

We Can Manage This Property For You....

BROTHERS 3 INTERNATIONAL INVESTMENT SERVICE LLC,
24123 Peachland Blvd PMB 139 C-4
Port Charlotte FL 33954
Bus: (941) 628-3891
Fax: (941) 237-4936

Office Hours:
Monday - Friday 8:30AM to 5:30PM

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