2 Beds
2 Baths
982 SqFt
2 Beds
2 Baths
982 SqFt
Key Details
Property Type Townhouse
Sub Type Attached Dwelling
Listing Status Active
Purchase Type For Sale
Square Footage 982 sqft
Subdivision Red Sky
MLS Listing ID 4892680
Bedrooms 2
Full Baths 1
Three Quarter Bath 1
HOA Fees $396/mo
HOA Y/N true
Abv Grd Liv Area 982
Year Built 1980
Annual Tax Amount $962
Property Sub-Type Attached Dwelling
Source REcolorado
Property Description
LEASE WITH OPTION TO PURCHASE a.k.a RENT TO OWN 2 bedroom Condos!
$5000 Option Fee (Gives you the right to purchase the property at today's Sales Price $160,000 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, not be able to buy, 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 2 bed. Great location close to schools, parks, restaurants, shopping, and bus. Just off Sable and 2nd and right next to the bus stop. New development going in next door will likely increase values.
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 shall verify all information.
Location
State CO
County Arapahoe
Area Metro Denver
Direction 2nd and Sable
Rooms
Primary Bedroom Level Main
Bedroom 2 Main
Interior
Heating Baseboard
Cooling Central Air
Fireplaces Type Living Room, Single Fireplace
Fireplace true
Appliance Dishwasher, Refrigerator, Disposal
Exterior
Exterior Feature Balcony
Garage Spaces 1.0
Roof Type Other
Building
Story 3
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories Three Or More
Structure Type Wood/Frame,Wood Siding
New Construction false
Schools
Elementary Schools Axl Academy
Middle Schools East
High Schools Hinkley
School District Adams-Arapahoe 28J
Others
HOA Fee Include Trash,Snow Removal,Water/Sewer
Senior Community false
SqFt Source Assessor
