175 SE 25th Rd #502 Miami, FL 33129
3 Beds
4 Baths
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Rent
MLS Listing ID A11994401
Style High Rise
Bedrooms 3
Full Baths 3
Half Baths 1
HOA Y/N No
Property Sub-Type Apartment
Property Description
$4,295,000
This 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 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 $4.061M 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.
Location
State FL
County Miami-dade
Area 32
Interior
Interior Features Living/Dining Room, Elevator
Flooring Marble
Furnishings Unfurnished
Window Features Blinds,Impact Glass
Appliance Dryer, Dishwasher, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Washer
Laundry Washer Hookup, Dryer Hookup
Exterior
Exterior Feature Balcony, Security/High Impact Doors
Garage Spaces 1.0
Pool Heated, Infinity, In Ground, Pool
Community Features Beach, Club Membership Available
Utilities Available Cable Available
Amenities Available Elevator(s), Fitness Center, Hobby Room, Management
Waterfront Description Bayfront
View Y/N Yes
View Bay, Ocean
Roof Type Concrete
Porch Balcony, Open
Garage Yes
Private Pool Yes
Building
Architectural Style High Rise
Structure Type Block
Others
Pets Allowed Size Limit, Yes
Senior Community No
Restrictions Additional Restrictions
Security Features Building Security,Key Card Entry,Lobby Secured,Security Guard,Fire Sprinkler System,Smoke Detector(s)
Pets Allowed Size Limit, Yes
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11994401
Nearby Locations
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