Rent to Own Live in a clean space while you remodel the rest of the house Tours only to vetted applications of interested parties The neighborhood calls it the ginger bread house, enjoy living in an older home with all its exterior character but with updated interior. New floors, paint, lighting, large kitchen, high end window blinds, main floor laundry Easy walking to Frederick night life, parking in front or in back Little to mow so you have more time for other life activities New water supply from city just installed in May 2024 Rent with the option of owning the home This was a project we were going to fix up and sell, then a friend of our needed a place for a few months so we updated the main floor and bathroom and left the rest of the house unfinished. Perfect property for someone who wants to live and remodel a home. Currently its a 3 bed 1 bath home with laundry in basement. Can easily be converted into a 3 bed 2 bath home with main floor laundry Basement is large and in time can be converted to extra living space with its own kitchen and bath possible. Kitchen, Dining Room, Foyer, and living room are 90% complete with new floors. The main floor laundry/bath is currently being used as a bedroom making the home a 4bd 1 bath right now The bathroom on the 2nd floor is 80% complete, just needs to be painted The 3 bedrooms on the 2nd floor will need a touch of work before paint, the new carpet is already there and ready to be installed The home still needs work to be 100% complete Depending on your skill level and what you want to learn, we can complete the projects you are unable to do, and will price the purchase of the home accordingly Per our lender its appriased at $171,100 when finished We are willing to sell the home at $125,000 as is with a rent with the option to buy, so you could have $46,100 in equity right away. We know it will cost about that much if you were to pay someone to finish the property If you were to buy it from us outright your estimated payment for Mortgage, Taxes, Insurance, would be around $1000 We are renting it for $1250 We require a Option Agreement payment (this guarentees we don't sale the home for 2 years and gives you 2 years to make any updates you desire and get financing to purchase the home. You have the option to renew rent and option at the end of 2 years if needed. Option payment is 5% of the proposed sale price. $6250 Security deposit is void with the payment of the Option Payment Final price may vary depending on what work you want to take on and what projects you want us to finish. If your are insterested, we incurage you to apply. We have other properties in the city if your wanting this in another part of town. If you own pets, we do charge extra for that Non Smoking
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