- MLS® #: A11937981
- 1040 Biscayne Blvd 2202
- Miami, FL 33132-1728
- $17,900
- 2 Bed, 3 Bath, 1,802 SqFt
- Rental
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.
View Virtual TourElevator(s), Fitness Center, Hobby Room, Management
Beach, Club Membership Available
Dryer, Dishwasher, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Washer
Balcony, Security/High Impact Doors
Each winter during Carnaval Miami, salsa tunes blare and the smell of spicy chorizo fills the air on Calle Ocho, the commercial thoroughfare and heart of Miami's Little Havana. The roaring street festival, which culminates in the world's longest conga line, is the last of 10 events comprising the Latin-spiked Carnaval.
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