Property Description
Purchase Price $4,295,000 This provides an opportunity to secure pricing below current listings while the building is just entering its first resale cycle. Lease Structure: 12-month lease $19,500 per month Purchase Option: Option deposit: $145,500 - equivalent to 3% and credited toward purchase but non-refundable. Rent credit: 40% of rent paid during the lease period applied toward the purchase price = $93,600 ( $19,500 x 12 x .40) 9 months into the lease the purchase option should be confirmed. Over a full year, this structure results in approximately $239,000 credited toward the purchase, bringing the effective purchase price to roughly $4.061M if the option is exercised. The buyer may exercise the option to buy once the 12-month holding period is satisfied. This arrangement is particularly useful for someone who would like to secure a position in the building now, and complete the acquisition once the timing aligns.
Details
| Rental: | $19,500 |
|---|---|
| Unit: | # 502 |
| Address: | 175 25th Rd #502 Miami FL 33129 |
| Bedrooms: | 3 |
| Bathrooms: | 3.5 |
| Living Area (f2): | n/a |
| Living Area (M2): | n/a |
| Year Built: |
| Waterfront: | n/a |
|---|---|
| Complex: | |
| Days On Market: | 61 days |
| Furnished: | Unfurnished |
| Pets Allowed: | Yes: Maximum 20 Lbs |
| Parking Spaces: | 1 |
| Parking Features: | Valet |
Property Amenities
Building Amenities
- Activity Room
- Elevator(s)
- Exercise Room
- Management On Site
Appliances
- Dishwasher
- Dryer
- Electric Water Heater
- Ice Maker
- Microwave
- Electric Range
- Refrigerator
- Washer
Interior Features
- Elevator
- Fire Sprinklers
Exterior Features
- Open Balcony
Security Features
- Fire Sprinklers
- Fire Alarm
- Smoke Detector
- Key Card Entry
- Building Security
- Lobby Attended
- Security Patrol
