NE Heights Condo with Lease Option to Purchase

Want to buy, but need time to get ready?

This Northeast 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 more than a standard rental. The monthly payment may include agreed option consideration that can be applied toward a future purchase according to the written lease-option agreement.

Monthly Payment Breakdown:

Base rent: $1,375
Renter's insurance: $10.50

Total Monthly Payment: $1,385.50

Optional Monthly Fees:

Purchase option consideration: $250 credited toward purchase
Pest / Credit Builder / ID Theft Protection: $31

Total Optional Monthly Payment: $1,666.50

The HOA covers water, laundry rooms, garages, common areas, exterior building maintenance, and parking lot areas, subject to HOA rules and governing documents.

Lease-Option Structure:

Upfront option consideration: $5,000
Option term available up to 2 years, with extensions as needed
Written lease and purchase option agreements 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
Any applicable pet fees: $350 one-time pet fee, $35 monthly for the first pet, and $15 monthly for the second pet, with a maximum of 2 pets

The purchase option 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.