175 SE 25th Rd # 502, Miami FL 33129
MLS #A12041123
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Property Details
Additional Information
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.
Heating Features:
- Electric
Cooling Features:
- Electric
- Building Exterior
- Common Area
- Insurance
- Outside Maintenance
- Parking
- Recreation Facilities
- Security
- Dishwasher
- Disposal
- Dryer
- Electric Range
- Electric Water Heater
- Ice Maker
- Microwave
- Refrigerator
- Free-Standing Freezer
- Washer
- Lobby
- First Floor Entry
- Elevator
- Family Room
- East Of Us1
- Open Balcony
- 1 Space
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