Purchase Price $3,900,000 This provides an opportunity to secure pricing below current listings while the building is just entering its first resale cycle. Can be rented with option to purchase. 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 $3,661M 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.
39 days
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86
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6
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Zillow last checked:
Listing updated:
Listed by:
Francisco Paz305-903-3655,
Paz Realty, LLC
Source: MIAMI,MLS#: A12041123Originating MLS: A-Miami Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1
Rooms
Room types: Family Room
Heating
Electric
Cooling
Electric
Appliances
Included: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Free-Standing Freezer, Washer
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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