175 SE 25th Rd, Unit 502
Miami, FL 33129

Listed at $19,500.00 / Monthly

Details

  • MLS# A11994401
  • Rental - Multiple
  • Status Active
  • 3 Bedrooms
  • 3 full 1 partial Bathrooms
  • 0 Square Feet
  • 0 Lot Size
  • Built in 0
  • Local Schools

Description

Purchase Price$4,295,000This 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 $4.061M...read more 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.

Features

  • Dishwasher
  • Dryer
  • Electric Water Heater
  • Ice Maker
  • Microwave
  • Electric Range
  • Refrigerator
  • Washer
  • Marble
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All Property Features

  • Property Type: Rental - Multiple
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
  • Association Amenities: Activity Room, Elevator(s), Exercise Room, Management On Site
  • Community Features: Beach Club Member Available
  • Crops Included Y/N: No
  • Days on Site: 65
  • Exterior: Concrete Block Construction
  • Exterior Features: Open Balcony
  • Flooring: Marble
  • Garage: 1
  • Home Style: High Rise
  • Home Warranty Y/N: No
  • Interior Features: Elevator, Fire Sprinklers
  • Laundry: Washer/Dryer Hook-Up
  • Lease Considered Y/N: No
  • Other Equipment: Elevator
  • Parking: Valet
  • Parking Notes: Valet
  • Patio/Porch: Open Balcony
  • Pets Allowed: Maximum 20 Lbs
  • Pool: In Ground, Heated
  • Property Attached Y/N: No
  • Property Sub-Type: Apartment
  • Roof Type: Concrete
  • Security: Fire Sprinklers, Fire Alarm, Smoke Detector, Key Card Entry, Building Security, Lobby Attended, Security Patrol
  • Special View Info: Bay, Ocean, Direct Ocean
  • Window: Clear Impact Glass, Blinds