RENT TO OWN THIS CHARMING FIXER UPPER IN A QUIET NEIGHBORHOOD OF PARMA! NO BANK QUALIFYING! Looking to own your own home but need some extra time to get there? Start your investment now! Here is a rare opportunity to rent to own a fixer upper, adding equity to your investment with every improvement! This home has 864 square feet of living space with two bedrooms and one bathroom. There is also a full, unfinished basement ready to be converted into extra living space. Walk in the front door to a living area with a wood burning fireplace. Off the living area is the dining area and then kitchen, and also off the living area is a hallway leading to both bedrooms, the bathroom, and a hall closet. The house needs repairs and updates. Before moving in, the lease option tenant buyer will likely want to repair and replace some flooring and spruce up the bathroom at minimum. The rest of the updates can likely be made as time goes on. Any repairs made to the home will help you build sweat equity in the home for later. The house is located on a nicely kept, quiet street in Parma, close to town with easy access to major highways. This home is available for rental and purchase through a lease option. The lease option period is for 3 years so you'll lock in the monthly rent and purchase price with no increases for 3 years. The purchase price on the option is $114,900. This means you will have the option to obtain financing and purchase the house at this price at any time in the next 3 years. The monthly payments are $1,100/month and a lease option deposit will be required at move in of approximately 7-10% of the purchase price. The lease option deposit goes toward the purchase price and counts as your down payment when you buy. Lease purchase tenant will be responsible for utilities, maintenance/repairs, and general upkeep of the property.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
