Description
Purchase Price$3,900,000This provides an opportunity to secure pricing below current listings while the building is just entering its first resale cycle.Lease Structure:12-month lease$19,500 per monthPurchase 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 as of February 2027. 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.
Details
| MLS # | A11994401 |
|---|---|
| Listing Type | For Lease |
| Style | Condominium |
| Status | Active |
| Days On Site | 209 |
| Listing Provided By | Paz Realty, LLC | Francisco G Paz |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 4 Total |
| Garage | 1 |
| Pool | Yes |
| Water Front | Yes |
| Property View | Yes |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Valet |
Location
| Community Features | Property Manager On Site |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33129 |
| Area | 2410 |
| Listing VS Median (in 33129) | |
Price: $19,500 low | high Med: $399,450 On site: 209 low | high Med: 64 | |
Market Activity 33129
Request a showing
Request a showing
Contact
Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33129 |
| Area | 2410 |
| Listing VS Median (in 33129) | |
Price: $19,500 low | high Med: $399,450 On site: 209 low | high Med: 64 | |
