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2157 10th St Southwest - Awesome 3 bedroom home, remodeled bath & kitchen w/ appliances, full unfinished basement, sump pump. This is a Lease Purchase Option contract only, NOT a straight lease! Tenant will be considered Buyer too! This is a Lease Purchase Option meaning person renting is only doing so with the sole intention of purchasing this property & will apply for preapproval to determine estimated time for the rental timeframe to then get a typical lender loan in the future. A down payment of minimum of 3.5% (just like an FHA Loan) will be required in addition to a Security Deposit and 1st Month Rent at time of contract & keys. Therefore the minimum down to enter into contract is $3,325. The breakdown of the $3,325 is 3.5% of purchase price @ $45,000 is $1,575 plus the $875 Security Deposit and $875 1st Month Rent. The Security Deposit AND Purchase Deposit will be used towards the purchase of the home by the Buyer towards Purchase Price Reduction, Down Payment and / or Closing Costs as well as receive a credit from Seller towards closing costs of $200 per month so a 6 month lease term would receive a $1,200 closing cost concession and a 1 year lease will receive a $2,400 closing cost concession to Buyer from Seller. Likewise, if the Buyer does not close on the property through a lender within the terms set forth in the contract (probably 6 to 12 months), the Buyer forfeits the Deposits and will move out immediately at the end of the term, unless an agreeable amendment has been fully executed.

Listing information

  • MLS® ID: 3898396
  • Baths: 1 (Full: 1 3/4: 0 1/2: 0 Other: 0)
  • Stories: 2
  • Foreclosure: No
  • County: Summit
  • Style: Single Family
  • Status: Active
  • Parking Type Description: Garage 1 car
  • Total Square Footage: 960 ($0.91 per sq. foot)
  • School District: Akron Csd
  • Beds: 3
  • Total Rooms: 7
  • New Construction: No
  • Lot Area: 0.12

Features

Appliances Equipment Oven, Range, Refrigerator, Sump Pump
Basement Detail Full, Unfinished
Basement Y/N Yes
Cooling Type Central Air
Date to Occupy At Time of Lease
Disability Features Y/N No
Exterior Features Porch
Heating Fuel Gas
House Faces West
Laundry Hookup Y/N Yes
Other Baths Total - 1.00, Full Baths Lower - 0, Full Baths Main - 0, Full Baths Upper - 1, Half Baths Lower - 0, Half Baths Main - 0, Half Baths Upper - 0, Living Area Total - 960, Rental Restrictions - This Is a Lease Purchase Meaning the Person Rentin
Owner Pays None
Pet Restrictions Y/N Yes
Property Subtype Single Family
Security Deposit Y/N Yes
Tenant Pays Pays All

Rooms

Bathroom Second
Bedroom Second
Bedroom Second
Master Bedroom Second
Dining Room First
Kitchen First
Living Room First
Listing Courtesy of Keller Williams Chervenic Rlty