Lease with Option to Buy...a.k.a. Rent to Own
Beautiful Duplex in very nice neighborhood in Endicott. Close to everything. Move-In Condition.
Excellent for Owner Occupancy or for investment. Both units have 3 bedrooms, Living Rooms, Dining Rooms, Large Eat-In-Kitchens, Basements with Washers & Dryers. All nice appliances in good working condition. Beautiful Hardwood Floors and wood trim throughout. One unit has Full Bath and additional 2 Half Baths, Finished Basement, Large Walk-Up Attic, and Large Oversized 2 and a Half Car Garage. Total monthly rental income for both units is $2325...Or live in one unit and let the other rental income pay your bills.
Lease Option Terms:
Purchase Price is $135,000
Down Payment is $16,000
Monthly Rent is $1,600 (with $200 monthly credit)
Term is 3 Years.
Tenants will receive a $200 monthly credit with will be applied to reducing the balance owed on the purchase price. After the 3 year term the purchase balance will be reduced by $7,200, in addition to your initial Down Payment of $16,000
Will also consider holding the mortgage with Owner Financing with 20% down payment.