Rent-to-Own Opportunity in Port Richmond Available Now! Why rent when you can own? This spacious, recently rehabbed and well-maintained 3-bedroom, 1.5-bath home is available with a flexible Rent-to-Own program designed for renters who want to build equity and become homeowners. It also features all updated mechanicals and electrical wiring. Monthly Rent: $2,000 Option Fee (Down Payment): $25,000 (credited toward purchase!) Purchase Price: $260,000 (locked in today!) Rent Credit: $200/month toward purchase Final Price Due at Closing (after 1-2 years): $250-260k Large bedrooms with natural light Updated 1.5 bathrooms Concrete Countertops, new tile and hardwood throughout Quiet block in Port Richmond Easy access to public transit & I-95 Credit-friendly program Flexible 2-year path to homeownership Lending partners available (mortgage & hard money) Serious inquiries only must have $20K $30K available for the option fee. Schedule your showing today and make this your path from renter to owner! 1. Lease Term: 12-24 months (1-2 years) 2. Monthly Rent: $2,000/month due on the 1st of each month 3. Option Fee: $20k-30k due upfront at lease signing (non-refundable, credited toward purchase as gift of equity or whatever means fit the mortgage terms) 4. Rent Credit: $200/month credited toward purchase price if tenant exercises option to buy Total rent credit over 24 months: $4,800 5. Property Maintenance: Tenant responsible for repairs 6. Default/Termination: If rent is unpaid for 15+ days or lease is broken, the option to purchase is forfeited Option fee and credits are non-refundable in case of tenant default 9. Closing Deadline: Tenant has exclusive right to purchase anytime during lease Must close no later than the final day of month 24 9. Utilities & Insurance: Tenant responsible for all utilities (electric, water, gas, trash) Tenant must carry renter's insurance during lease term 10. Financing Support: Owner provides access to mortgage and hard money lending partners to assist with purchase
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