Reduced!!!! Great Corner Warehouse with Huge Parking Space in Wynwood!

By josephine on Mar. 30, 2010.

NOW ASKING $775,000.

The property consists of 2 separate folios sold together:  total of 16,550 Sq.Ft. lot with a 1,471 Sq.Ft. warehouse.

Corner warehouse with high visibility. Very well located a block away from Biscayne Blvd in Wynwood.  Close to Downtown, Design District, Performing Arts Center, Port of Miami, and Airport.

Can be used for  retail, showroom or  storage. Fully fenced with plenty of parking space and 2 roll-up gates. Owner financing available. Easy to show.

Top 5 Most Troubled Real Estate Markets

By josephine on Mar. 16, 2010.

An article from Forbes.com posted on March 1st, 2010

Top 5 Most Troubled Real Estate Markets

1. Miami, Fla.
Delinquency rate: 28.8%
Comment: In greater Miami, including Fort Lauderdale and West Palm Beach, one-quarter of mortgages are 90 days past due or worse. In Miami proper, one-fifth of mortgages are in foreclosure or converted to REO. Worst in the country by far.

2. The Rest of Florida
Delinquency rate: 16%
Comment: The only significant metro area in Florida with a delinquency rate below 10% is Pensacola, where 9% of mortgages are 90 days or more past due.

3. Las Vegas, Nev.
Delinquency rate: 21.7%
Comment: Maybe building all those high-rise condo buildings off the strip wasn’t such a great bet after all. Mortgages in foreclosure or converted to REO here are 10.2% of the total.

4. Riverside, Calif.
Delinquency rate: 19.1% Comment: Riverside’s boom is a fading memory; 7.7% of the mortgages in this metro area are either in foreclosure or converted to REO. That’s twice the 3% national average.

5. Bakersfield, Calif.
Delinquency rate: 16.4%
Comment: In this quiet area north of Los Angeles values are way down and 6.4% of mortgages are in foreclosure or converted to REO.