Do not miss this outstanding investment opportunity in Miami Florida. The foreclosure debacle in South Florida has created this diamond in the rough! When the rehabilitation is completed, this will make an excellent rental property. A block off of Biscayne Blvd, zoned multi-family it consists of a main building usable as two units and a former detached garage, partially completed into a 2 br apartment.

Google Maps indicates that this property is a 6 mile drive to famous Ocean Drive South Beach/Miami Beach!

Current tax assessed value of this property (lowered from 2008 due to Florida market conditions) is $199,216. Check out the sales history before it was foreclosed upon to see the potential of this property – 2005 it sold for $520,000; in 2006 for $620,000. Don’t take our word for it – this is public record.

Note this property must be rehabilitated to have value – if you are not able to fix this place up, DO NOT BID ON IT. That’s why we’re selling it – we’re in South Carolina and it’s not feasible for us to do this kind of work properly from 600 miles away. We started - we tried - it didn't work!

For someone that can re-do this property it is an outstanding opportunity. Florida real estate is beginning to make a recovery – get in on the ground floor with this 3 unit rental property!!!!

Buyer is responsible for any liens, encumbrances, bills and taxes. Information must be confirmed with county.

Please do all due diligence and contact County for additional information. Any potential bidder should verify the information.

You are bidding on the full purchase price. Full payment is due within seven days of end of auction. Seller will deliver quitclaim deed upon receipt of purchase price together with buyer's premium.

The Seller offers these assets for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, with no representations, warranties or guarantees whatsoever, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of these assets. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone. Seller has not occupied this property and has only limited knowledge of the condition of the property. Seller has not performed a title examination and makes no warranty as to the state of the title. Any photographs included have been provided to the Seller by a prior owner or by an independent third party, and while Seller believes the photographs to reasonably depict the property, no such warranty is made. This is a foreclosed property - conveyance to the successful bidder will be by quitclaim deed.

All information derived from third party sources, including but not limited to appraisals, description of property and photographs, is not guaranteed.

All buyers are deemed to have relied entirely on their own information, judgments and inspections of the assets in making the decision to purchase the asset.