New Special Deal on certain units!!! This Owner wants to sell to a committed tenant/future owners.
LEASE WITH OPTION TO PURCHASE a.k.a RENT TO OWN or Owner Carry available. 2 bedroom Condos!
$5000 Option Fee (Gives you the right to purchase the property at today’s Sales Price $170,000 in 1 year’s time). This Option fee converts to down payment on exercising your option. If you do not exercise your option within the time of the contract you will forfeit (ie. loose) this option fee. However, a 2nd year can be put in the contract at a 5% increase in Sales Price.
You Must Apply and be approved for standard rental. A refundable Security Deposit based on application will be charged (can be as much as 2x rent).
Each month you MUST pay your full rent (not paying will get you evicted and you will not be able to live in the unit; plus you will owe damages etc.
Each month you can choose to pay an additional amount towards your purchase. These extra funds would be Earnest Money and held in a separate Escrow account with your security deposit to be turned into down payment funds at closing.
Do not miss out on this 2 bed. Great location close to schools, parks, restaurants, shopping, and bus. Just off Sable and 2nd and right next to the bus stop. New development going in next door will likely increase values.
This property is part of a portfolio, so ask about other properties. Discounts if multiple properties are purchased together.
Listing Broker and Seller make no representation or warranties as to the accuracy of any information provided in the MLS listing including, but not limited to: square footage, bedrooms, bathrooms, lot size, HOA information, parking, taxes or any other data that is provided for informational purposes only. Buyer shall verify all information.
Do not miss out on this 2 bed. Great location close to schools, restaurants, shopping, light rail and bus. Just off 2nd and Sable and right next to the bus stop. 3rd floor and updated.