This modern 1st-floor condo in Shelby Woods is the perfect blend of style and convenience! Built in 2015, it boasts a spacious open floorplan, a gourmet kitchen with granite countertops, maple cabinets, and a sleek breakfast bar for entertaining. Enjoy the large master bedroom with a walk-in closet, an oversized laundry room, and the luxury of ADA accessibility. The unit also comes fully equipped with all appliances, including a 60-inch HD TV mounted in the living room and bar stools in the kitchen, making it move-in ready! Plus, its prime location offers easy access to dining, shopping, and public transit, making it ideal for modern living. 1. Term & Purpose This Rent-to-Own Agreement grants the Tenant the right to lease the Property while improvements them make build equity toward future ownership. Tenant may exercise the option to purchase the Property at any time within five (5) years from the start date of this Agreement. 2. Purchase Price Tenant has the exclusive option to purchase the Property for $250,000, locked in for the full 5-year term. This price is guaranteed and will not increase regardless of market conditions. 3. Option Fee Tenant agrees to pay a non-refundable Option Fee of $5,000, due upon signing this Agreement. This Option Fee will be fully credited toward the purchase price if and when the Tenant exercises the purchase option. This means the Tenant is essentially starting the path to ownership with just 2% down a fraction of the traditional requirement. 4. Monthly Rent Tenant agrees to pay $1,900 per month in rent, due on the 1st of each month. This amount is fixed and will not increase during the 5-year term. 5. Tenant Responsibilities Tenant shall be responsible for all maintenance, repairs, utilities, and expenses associated with the Property, including but not limited to: Gas & Electric Water & Sewer Trash Internet/Wi-Fi Lawncare, landscaping, and snow removal General upkeep and repairs This gives the Tenant the full experience and control of homeownership from day one. 6. Option to Purchase Tenant may exercise the purchase option at any point within the 5-year term by providing written notice to the Landlord. Upon exercise, the Landlord agrees to apply the $5,000 Option Fee toward the purchase price. The Tenant will then proceed to close on the Property under standard purchase terms within 60 days of notice. 7. No Obligation The Tenant is not obligated to purchase the Property. If the Tenant chooses not to exercise the option, the Lease will continue through the end of the term or until either party terminates with proper notice. However, the $5,000 Option Fee is non-refundable if the purchase option is not exercised. 8. Why This Is a Smart Deal Lock in today's price on a home that could be worth much more in 5 years Begin living like a homeowner now with freedom and control No massive down payment needed just a $5,000 option fee A portion of your journey toward ownership starts from the very first day
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
