Bulk sales Southwest Florida 8 / 2012

 
Bulk sales Southwest Florida

Naples / Marco Island

PRICE:  MAKE REASONABLE OFFER TO BANK

Bank OREO Bulk sale of  6 NEW VILLA UNITS Naples FL next to Marco Island
GATED PUD  
coach home Large Beautiful 3 bedroom plus den, 3 baths with spacious 1st
floor coach
home. 2902 sq ft Two car garage, custom cabinets, Monogram appliances,
granite counter tops and impact glass. Beautiful lake view & community
pool. Decorator ready Needs flooring paint custom extras if desired.


Financial:

No Income
Gross income Estimated at 129,600.00
exp  30%                                     38,880.00
NOI                                               91,000.00

COMPS:  (Per sq ft)

Total sqft 17,412 interior x avg Mean value 140 = 2,437,680
Total sqft 17,412 interior x avg low value      125 = 2,176,500
Total sqft 17,412 interior x avg High value    170=  2,977,452

Mike Rivera, Former , CIB
Investment Real Estate Analyst 
Naples Fl

206-350-8675

40 unit Multi family apartment complex / Bulk sale of Units

40 unit Multi family apartment complex 

• Price: $1,700,000
  Year built: 1987
• Pro Forma CAP Cap Rate: 8.
  Units: 40
• Square Footage: 29,000 sqft
  Price Per Foot: $58.62
• Price Per Unit: $42,500.00

Property Details:

The Apartments is located in Fort Myers, Florida spread across approximately 4.5 acres. The property was built in 1987. The unit mix consists of 40 two bedroom, one bath units with 725 square feet. All units have central heat and air. This asset provides an investor with a value-add opportunity. The current in-place rents are at the bottom of the market providing for the ability to increase rents after occupancy has been stabilized. The property is current operated by an out-of-state owner which makes it very difficult to effectively manage a deal of this size. In our opinion, once the property is stabilized, an investor can expect an increase in Net Operating Income in the short-run while realizing capital appreciation in the long-run. Core location convenient for the location, a close walk to Lowes, Wallmart, Denny's, 3 Gas Stations, burger king Sweetbay. 5 minutes to Ft Myers Beach 2 minutes to Lee memorial health system. excellent workforce housing location.

124 unit Bulk sale New construction to be built

124 unit Bulk sale New construction to be built will be sold building by building 12 units per building by the developer.





Builder sold all existing units . Would build to order @ a favorable price 12 @ a time against money placed in escrow. 124 blank unit pads remain.



five buildings were completed at Palmetto 56 units. A garden enclave set amidst preserve areas and a lake, Palmetto Cove features two-story buildings with two distinctive floor plans of 1,317 to 1,671 total square feet starting in the low-$100,000s. Luxury details such as 10-foot ceilings, granite countertops, raised panel cabinetry, hurricane impact glass and tray ceilings are among the standard features that, combined with the McGregor location, insure tremendous value. The condominium homes come with detached garages and private lanais that are designed to accommodate summer kitchens

Unit size HOA($299)

1312	2	2	1	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1316	2	2	1	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1317	2	2	1	landscape	Carport	I	1,317	$299	$900	$99,900	SOLD
1322	2	2	2	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1323	2	2	2	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1326	2	2	2	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1327	2	2	2	landscape	Carport	I	1,317	$299	$900	$99,900	SOLD
1412	2	2	1	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1413	2	2	1	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1416	2	2	1	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1417	2	2	1	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1422	2	2	2	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1426	2	2	2	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1311	3	2	1	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1314	3	2	1	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1315	3	2	1	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1318	3	2	1	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1321	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1324	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1325	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1328	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1411	3	2	1	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1414	3	2	1	landscape	Carport	I	1548	$299	$1,000	$119,900	SOLD
1418	3	2	1	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1421	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1424	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1425	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1428	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
113	2	2	1	preserve	Garage	C	1,317	$299	$925	$123,900	SOLD
116	2	2	1	preserve	Garage	C	1,317	$299	$925	$123,900	SOLD
117	2	2	1	preserve	Garage	C	1,317	$299	$925	$123,900	SOLD
122	2	2	2	preserve	Garage	C	1,317	$299	$925	$123,900	SOLD
126	2	2	2	preserve	Garage	C	1,317	$299	$925	$123,900	SOLD
127	2	2	2	preserve	Garage	C	1,317	$299	$925	$123,900	SOLD
1022	2	2	2	water	Garage	C	1,317	$299	$950	$129,900	SOLD
1023	2	2	2	water	Garage	C	1,317	$299	$950	$120,000	SOLD
1025	2	2	2	water	Garage	C	1,317	$299	$950	$129,900	SOLD
1123	2	2	2	water	Garage	I	1,317	$299	$950	$129,900	SOLD
1125	2	2	2	water	Garage	I	1,317	$299	$950	$129,900	SOLD
1126	2	2	2	water	Garage	C	1,317	$299	$950	$129,900	SOLD
1127	2	2	2	water	Garage	C	1,317	$299	$950	$129,900	SOLD
111	3	2	1	preserve	Garage	C	1,548	$299	$1,025	$132,000	SOLD
115	3	2	1	preserve	Garage	C	1,548	$299	$1,025	$142,900	SOLD
118	3	2	1	preserve	Garage	I	1,548	$299	$1,025	$142,900	SOLD
1011	3	2	1	water	Garage	C	1,548	$299	$1,025	$154,900
1012	2	2	1	water	Garage	C	1,317	$299	$950	$145,900
1021	3	2	2	water	Garage	I	1,548	$299	$1,050	$154,900	PENDING

Regards,
Mike Rivera,
Investment Real Estate Analyst
Star Capital Group
Naples Fl
954-957-3134 Office
239-770-6257 Cell
239-775-2066 Fax

New 5 Unit 3+2 townhome Bulk sale southwest fl,Bonita Springs

3 unit Bulk sale OREO bank owned at Bonita Springs, FL 34135 with 2 available approved shorts in the same building an HOA. you would own the HOA for the 5 units.

3 units only $267,000

Value $135,000 each approximate Bank asking $89k each

Townehouse Community

Beds 3 /3 baths
Living Area 1469
Price/Sq Ft $61.20
2007

BANK OWNED & READY TO BE SOLD! The units is located in a quiet neighborhood close to I75 and US41 that provides easy access to Bonita Beach, Naples and Fort Myers. The townhouse is in fantastic condition which feature 3 bedrooms, 2.5 bathrooms, 1 attached car garage with lake views. All the bedrooms are located on the second floor. The kitchen features raised panel cabinets, and solid counter tops. Kitchen over looks the living room. There is tile flooring in the main living quarters and carpet in the bedrooms. As you walk into the Master bathroom you will notice the dual sinks, separate tub and walk-in shower. This property will not last long, this will be gone tomorrow! BANK OWNED & READY TO BE SOLD

















bulk condo units, block condo units, investments (in location), vulture funds
in FL, Miami Metro Area, FL, Naples Metro Area, FL, Palm Beach Metro Area, sarasota fl

Bulk REO - Bulk REO's are foreclosed properties owned by banks that are packaged together, and sold at steeply discounted prices. These properties can be purchased at a fraction of the cost. Selling properties in Bulk REO is the most efficient way for banks to balance their financial books while remaining in compliance with Federal and State bank regulations. Bulk REO investing can be extremely profitable. Bulk REO's are affordable-with prices below MLS listings, below BPO, cheaper than private sellers, cheaper than auctions at the courthouse, and at a fraction of any approved short sale price. This is an opportunity unlike any other. Bulk REO requires at least $1M cash investment with proof of funds.
We do not work with other brokers prices and cheap and low and so are fees. not enogh to go around. If you are a resale broker and not looking to make a commission on the buy side. Then we can work together

Apartment and Bulk sales Rise 70% in 2010

a recent report on second-quarter transactions released late last week by Real Capital Analytics (RCA), a New York-based commercial real estate research firm. On the surface, the quarter’s numbers looked good compared to the listless 2009. Sales rose to $5 billion in the second quarter, putting the total at $9.6 billion for the first half of the year. That’s an impressive 69.6 percent jump in transactions over the first half of 2009. But dig deeper, and the numbers don’t look quite as impressive. In the first quarter, 534 properties of $5 million or greater sold. That’s only a 16.8 percent increase from a year ago. So what’s with the jump in prices? Basically, more trophy properties are selling. “I think that points further to the weight the larger transactions in primary markets are having on the market as a whole,” says Ben Thypin, senior market analyst at RCA, noting that most of the uptick in transactions came from the Northeast and Mid-Atlantic, while the West only saw slight gains in volume and pricing. (The Midwest was, once again, quiet.) The Big and Small Sell If they were properly located, both garden-style apartments and high-rises saw strong pricing and demand. RCA, in fact, says garden properties hit a turning point in the second quarter with property sales growing to $3 billion (192 properties) from $2.3 billion (144 properties) the previous year. “There were a fair amount of sub-6 percent cap rates for garden properties,” Thypin says. “The assets in quality markets are trading at low caps regardless of whether they’re garden or high-rise.” Overall, high-rises posted sales of $4.3 billion (198 properties) in the first half of the year, a whopping 192 percent increase over a year earlier. In the second quarter, volume fell slightly from the previous quarter to $2 billion, but the number of properties selling rose to 110 from 88. The reason for this—RCA said high-rises in the second quarter sold in markets other than high-priced Meccas such as New York and Washington, D.C. Distress Still a Dribble Meanwhile, distressed sales made up about 30 percent of all sales in the first half of the year, but only about half of distressed resolutions were via sales. The others were restructured or refinanced.

Cap Rate compression is back and in full effect.

While cap-rate centric institutional buyers mindful of market fundamentals are balking at cap rate compression, opportunistic private investors and opportunity funds with aggressive yield expectations and the underwriting to match are standing 20 and 30 bidders deep to pay what the market demands on a price-per-unit and price-per-square-foot basis. “Today’s buyer feels comfortable where the pricing is per-unit and is willing to buy on the prospect of upside with market recovery,” explains Cindy Cook, senior vice president in the Phoenix office of apartment brokerage firm Colliers International, which recently brokered the sale of two 300-unit, Class B multifamily properties for $61.23 and $67.02 per square foot. “That’s why cap rates have been sidelined. It’s not a stable market, so it doesn’t make sense to value properties strictly on cap rates today. Today’s winning bidder is typically a guy that can walk in and pay all cash without a loan contingency. They’re not looking for a discount; they are looking to pay market price, and they have the cash to pick it up, and we are seeing it particularly with private guys, family trusts, and the opportunity funds that were set up over the past couple of years.

Southwest Florida Coast Broker Sales

Sale Date 02/2010 No. of Units 312 Sale Price $8.2mm

Sale Date 03/2010 No. of Units 360 Sale Price $29.5mm

Sale Date 05/2010 No. of Units 408 Sale Price $25.4mm

Sale Date 07/2010 No. of Units 360 Sale Price $29.5mm

Sale Date 07/2010 No. of Units 180 Sale Price $13.6mm

If you would like exclusive access to some of these off market opportunities. Feel Free to contact Mike Rivera Direct at 239-770-6257

What we are looking for:

Partners such as Private SEC registered Investors,Fund Mangers, family trusts, and the opportunity funds of private equity and hedge fund groups. We provide due diligence,Access to the asset before it hits open market, and asset management and property management as an operating partner.

FHA Approves Many New Florida Condos For 98% Financing In 2010

(FHA) Fannie Mae just approved a Slew of Florida condos for FHA financing in the first 1/2 of 2010, New condo project approvals for financing in 2010 have already risen by more than 50 percent compared to 09 when 80 or so FL projects were deemed acceptable for Fannie Mae standard mortgages . No new Florida condos were approved for financing in 08 after 27 projects were approved in 2007, according to the FHA report.

This presents new and greater opportunity for the Condo Investor/ Bulk Condo Buyer, looking to resell down the line with end user 98% financing in place. Prior too these FHA approvals, a lack of available financing typically means a potential slow death to the condo development, association, seller and Investors as lower prices for the Re sellers remain distressed, as the only would-be buyers have all cash and demand deep (vulture fund) discounts to transact almost 100% of deals.

Many mainstream conventional banks also Follow FHA standards on underwriting, which means conventional bank lenders/ borrowers were also staying away from Non Fannie Mae approved Condominium's.

Some of the newly approved developments are:

Marbella Lakes Condominium, , Naples fl
Hammock Bay Condominium, , Naples fl
Lakeside at the Isles
Ironstone at the Quarry, , Naples fl
Jasmine Bay South Entire Project/ ESTERO FL
DI NAPOLI, Naples fl
ANDROS AT TORTUGA / FORT MYERS
ANTIGUA ONE AT SOMERSET CONDOMINIUM
Barbados I at Somerset
Coach Homes II at Heritage Bay Other/BUILDING 63, 68 and a couple of more
North Star Yacht Club

For a full list of available FHA approved Condos. Call Me Direct at 239-770-6257.

As you Know, we are looking to PARTNER WITH CASH Buyer Investors of Condo Bulk Sales units and Individual Fl Distressed condos and single family homes. The long term investment goal is a 7 to 10 year hold with Income in place with an Modified IRR of 11% to 20%.

We have now been Involved with sold or consulted on 7 condo Bulk sales in the South west florida markets to Include, Naples, Ft Myers, Punta Gorda, Port Charlotte, Venice and Sarasota, Bradenton. We are working on Apartment units that are now available in Naples, Tampa, West Palm Beach, Palm Beach with a core concentration on Multi Family apartments and Broken Condo developments, 2nd Retail Grocery Anchored, 3rd Hospitality.

We attempt to work with Buyers under an Exclusive buyer broker agreement as to not waste our time and out investors, and form an LLC in which we remain as an operating partner here in fl.

Some availabilities:
60 Units bulk sale
21 Unit bulk sale Ocean view
400 unit + Hotel / Mixed use High Rise Riverfront
33 Unit Ocean front, Naples Fl
28 Unit Luxury waterfront with Boat slips
117 Key Flagged West Coast Marriott.
227 Unit Apartment distressed debt Sarasota
100,000 sq ft Collier County Fl Flea Market, warehouse and RV Park with 150 pads, distressed debt, SUPER DISCOUNTED ASSET.

127,000 Sq Ft Anchored Publix Plaza. SOLD
550 BED STUDENT HOUSING, SOLD
43 UNIT, ESTERO FL, SOLD
48 UNIT NORTH NAPLES, SOLD

AVG CLASS B AND C UNITS SOLD- 50K PER UNIT. OR 48 PER SQ FT

Call Mike Rivera.

Mike Rivera,
Investment Real Estate Analyst
Star Capital Group
Naples Fl
1 239-770-6257
Mike Rivera, Ferrer & Associates,LLC Fl Brokerage

Bayfront Ocean view Biscayne High Rise debt sale

Biscayne high Rise

346 units in the building
square footage saleable is 605,056, square
footage under contract now is 377,132.
HOA cost per foot is $.53 (HOA budget
updated in June and covers all of the common area space).
Commercial space is approximately 35,000 feet located along Biscayne Blvd ,
First floor of the detached east pool deck building and within the building first floor below the
Gym/Spa.
$300 per sq ft asking.

NCND required with a 500k pre-open escrow along with a letter of Intent and proof of funds.
E mail only starcapitalgrp@yahoo.com