175 SE 25th Road 502, Miami, FL 33129

Listing Snapshot

About This Home

Purchase Price$3,900,000This provides an opportunity to secure pricing below current listings while the building is just entering its first resale cycle.Can be rented with option to purchase.Lease Structure:12-month lease$19,500 per monthPurchase 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 purchase 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 $3,661M 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.

General Features

Property Type

Residential

Sub-type

Condominium

Stories

43

Garage Spaces

1

Security

ElevatorSecured,FireAlarm,LobbySecured,SmokeDetectors

Subdivision

BRICKELL HAMMOCK UNIT NO

Interior Features

Appliances

Dryer,Dishwasher,ElectricRange,ElectricWaterHeater,FreeStandingFreezer,Disposal,IceMaker,Microwave,Refrigerator,Washer

Flooring

Marble

Heating

Electric

Cooling

Electric

Interior Features

Bathtub,DualSinks,Elevator,LivingDiningRoom,SoakingTub,SeparateShower,TubShower

Window Features

Blinds

Exterior Features

Construction

Brick,Block

Exterior Features

Balcony,OutdoorLivingArea

Patio / Porch

Open,Balcony

Pool Features

Association,Heated

View

Bay,Ocean,Water

Waterfront

Yes

Waterfront Features

Bayfront,None,OceanAccess

Community Features

Community Features

HomeOwnersAssociation

Association Amenities

Elevators,Library,Pool,Parking,Sauna

Association Dues

$3,978 / monthly

MLS Area

2410

Schools

Map