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175 SE 25th Rd # 502, Miami FL 33129

Residential Lease

175 25th Rd

Miami, FL 33129

ML#:A11994401
List Price:$19,500
Status:Active
Days on Market:34
Listing Brkr:Paz Realty, LLC
Subdivision:
Bedrooms:3
Baths:3.5
SqFt (Liv):
Lot Size:0 sqft
Year Built:
Stories:

General Information

Type Property:Residential Lease
Style:Apartment
Pool:
Garage Spaces:1
Parking:

Location Information

County:Miami-Dade County
Zip:33129
Subdivision:
Latitude:25.756447
Longitude:-80.205638

Rooms

Total Rooms:
Bedrooms:3
Full Baths:3
Half Baths:1
Laundry:Washer/Dryer Hook-Up

Additional Features

Interior:Elevator, Fire Sprinklers
Exterior:Open Balcony
Appliances:Dishwasher, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
Flooring:Marble
View:Bay, Ocean, Direct Ocean
Construction:Concrete Block Construction
Waterfront:Yes
Furnished:Unfurnished
Pets Allowed:Maximum 20 Lbs
Community:Beach Club Member Available
Security:Fire Sprinklers, Fire Alarm, Smoke Detector, Key Card Entry, Building Security, Lobby Attended, Security Patrol

Remarks

Purchase Price $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.

Listing Agent

Francisco Paz

Paz Realty, LLC

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Prepared by Rangely Adames · Sunland Group · Licensed FL Real Estate Sales Associate · rangelyadames.com · (954) 833-0020

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