NE Heights Condo with Lease Option to Purchase

Want to buy, but need time to get ready?

This NE Heights condo is available as a Lease with the Option to Purchase, giving an approved resident the opportunity to lease the property now while securing a written option to purchase in the future.

This is not just another rental. The monthly payment includes agreed option consideration that may be applied toward a future purchase according to the written lease-option agreement.

Monthly Payment Breakdown:
Base rent: $1,300
HOA: $280 (covers water, laundry rooms, garages, common areas, exterior of building & parking lot)
Option consideration: $200
Pest / credit builder: $31
Renter's insurance: $10.50

Total monthly payment: $1,821.50

Lease-Option Structure:
Upfront Option Consideration $5,000
Option term available up to 5 years
$100 rent increase beginning in year 3
Written lease-option agreement required
Application and approval required
Property rules, HOA rules, and lease terms apply

Due at Move In:
Upfront Option Consideration $5,000
First Month's Rent $1821.50
Any applicable pet fees ($350 one time, $35 monthly (1st), $15 monthly (2nd) max 2 pets)

This may be a strong fit for someone who wants to live in the home now while preparing for a possible future purchase.

Important: This is not a guarantee of financing, loan approval, or future purchase. Option consideration, purchase terms, timelines, and conditions must be documented in writing. Equal Housing Opportunity.

Broker Owner.