14740 E Kentucky Drive #725

New Special Deal on certain units!!! (These Owners want to sell to committed tenant/future owners)
LEASE WITH OPTION TO PURCHASE a.k.a RENT TO OWN 1 bedroom Condos!
$5000 Option Fee (Gives you the right to purchase the property at today's Sales Price $155,000 in 1 year's time). This Option fee converts to down payment on exercising your option. If you do not exercise your option within the time of the contract you will forfeit (ie. loose) this option fee. However, a 2nd year can be put in the contract at a 5% increase in Sales Price.
You Must Apply and be approved for standard rental. A refundable Security Deposit based on application will be charged (can be as much as 2x rent).
Each month you MUST pay your full rent (not paying will get you evicted and you will not be able to live in the unit; plus you will owe damages etc.)
Each month you can choose to pay an additional amount towards your purchase. These extra funds would be Earnest Money and held in a separate Escrow account from your security deposit.
Do not miss out on this large 1 bed. Great location close to schools, parks, restaurants, shopping, and bus. Just off Mississippi and Sable and right next to the bus stop and train stop.
This property is part of a portfolio, so ask about other properties. Discounts if multiple properties are purchased together. The owner is also willing to offer an “Owner Carry” option with the right terms.
Listing Broker and Seller make no representation or warranties as to the accuracy of any information provided in the MLS listing including, but not limited to: square footage, bedrooms, bathrooms, lot size, HOA information, parking, taxes or any other data that is provided for informational purposes only. Buyer to verify all information.