Miami Condo Auction – Platinum Condominium – 20 Units Up for Auction in September

I was notified tonight that twenty condo units at Platinum Condominium will be auctioned off on September 20, 2007. Eight of those units will be auctioned “absolute”. This means that the condo(s) will be sold to the highest bidder. There are no minimums and no reserves.

This is major news! The 20 units up for auction at Platinum Condominium represent 16.8% of the overall units in the building. The are a total of 119 units in the building with 7 units per floor. I think 20%-30% default rates in other developments is not out of the question.

A few months ago, after Platinum Condominium began closings, I did a pictorial and video review of the building. You can view it by clicking on the following link: pictorial and video review of Platinum Condominium. Any information that you seek regarding this development will be found there. If for some chance, you have a question that isn’t answered there, then feel free to contact me.

For you Miami condo vultures, this might be a great opportunity to own a bulk of units at a really good price. If they can be acquired at a good price, you may even be able to rent them out with positive cash flow until the neighborhood turns around and sell them for a nice profit.

Those looking to buy a single condo at an auction at a good price, this may be your opportunity. I am very knowledgeable in the various floor plans at Platinum Condominium. My services are available to you to act as your representative at the auction. I will be attending the auction regardless. I will act in your best interests. If I walk out of that auction without one of my clients acquiring one condo then you can be assured that the prices offered were too high. I am completely comfortable walking away from that auction without one sale being made. The people who know me well know that I am not a tough or pushy salesman.

Contact me for more information regarding the Platinum Condominium auction.

• Unit 301 – 3 bedroom/3 bath
• Unit 501 – 3 bedroom/3 bath
• Unit 1001 – 2 bedroom + den/2 bath
• Unit 1101 – 2 bedroom + den/2 bath
• Unit 1201 – 2 bedroom + den/2 bath
• Unit 1404 – 1 bedroom/1.5 bath
• Unit 1602 – 1 bedroom/1.5 bath
• Unit 1802 – 1 bedroom/1.5 bath
• Unit 2002 – 1 bedroom/1.5 bath
• Unit 2102 – 1 bedroom/1.5 bath
• Unit 1705 – 2 bedroom/2 bath
• Unit 1905 – 2 bedroom/2 bath
• Unit 707 – 2 bedroom + den/2 bath
• Unit 1607 – 2 bedroom + den/2 bath
• Unit 1907 – 2 bedroom + den/2 bath
• Unit 2007 – 2 bedroom + den/2 bath
• Unit 2107 – 2 bedroom + den/2 bath
• Loft 103 – 2 bedroom/2 bath
• Loft 107 – 1 bedroom/1.5 bath

Lucas Lechuga

See Full Bio