175 25 #502, Miami
$19,500 USD 3 3.5
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| Address | 175 25 #502, Miami |
| Type of Property | Apartment |
| Property Style | Single Family-Annual, Apartment |
| Price | $19,500 |
| Property Status | Active |
| MLS Number | A11994401 |
| Bedrooms Number | 3 |
| Full Bathrooms Number | 3 |
| Half Bathrooms Number | 1 |
| Garage Spaces Number | 1 |
| Rent Period | Annually |
| Days on Market | 1 |
Detailed Description: Purchase Price $4,850,000 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 purchse 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 $4.61M 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.
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Address Information
| State | Florida |
| City | Miami |
| County | Miami-Dade County |
| Zip Code | 33129 |
| Address | 175 25 |
| Section | 40 |
Financial Information
| Price | $19,500 |
| Price per Foot | $0 |
| Rent Period | Annually |
Full Descriptions
| Detailed Description | Purchase Price $4,850,000 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 purchse 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 $4.61M 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. |
| Property View | Bay, Ocean, Direct Ocean |
| Water Access | None |
| Design Description | High Rise |
| Roof Description | Concrete |
| Floor Description | Marble |
| Interior Features | Elevator, Fire Sprinklers |
| Exterior Features | Open Balcony |
| Furnished Information | Unfurnished |
| Equipment Appliances | Dishwasher, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Washer |
| Pool Description | In Ground, Heated |
| Amenities | Activity Room, Elevator (s), Exercise Room, Management On Site |
| Parking Description | Valet |
| Pet Restrictions | Maximum 20 Lbs |
Property parameters
| Bedrooms Number | 3 |
| Full Baths Number | 3 |
| Half Baths Number | 1 |
| Balcony Includes | 1 |
| Type of Property | Apartment |
| Style | Single Family-Annual, Apartment |
| Construction Type | Concrete Block Construction |
| Garage Spaces Number | 1 |
| Listed with | Paz Realty, LLC |