1239 W Rosecrans Ave Unit 47

About This Home

Beautiful very desirable and rare 3 bedroom with 2 1/2 bathrooms in excellent condition. This is a recently remodeled townhome with over $150,000 spent on the finest amenities. Enter your new home through a private fully enclosed covered large porch with travertine marble flooring. The living room and formal dining room floors are covered with an exceptional wood looking porcelain tile. Private laundry room within the unit that is gas dryer ready. The remodeled kitchen boasts some newer stainless-steel appliances including a trash compactor, range, oven, dishwasher, garbage disposal, and includes a refrigerator. The kitchen is illuminated by energy efficient modern can florescent lights. A built-in microwave also included. The counter tops, pass-through kitchen bar, and bathrooms are constructed with granite counters. A wet bar is located in the living room with a stainless-steel sink and granite top. Wood-like (looks just like real oak hardwood) tile flooring throughout. Window treatments and high-quality light fixtures included. The master suite upstairs has a vaulted ceiling, walk-in closet, and private balcony. The bathroom within the master bedroom suite has a custom-made shower with 3 shower heads. All three bathrooms are remodeled. Two bedrooms have beveled mirror closet doors. Additional storage space is available under the staircase and in the water-heater closet off the front patio. The ceilings have been re-plastered for a smooth modern look instead of popcorn acoustic ceilings. There are two assigned side by side subterranean parking spaces behind electric gated fences. The fully insulated, rough-plumbed attic with a pull-down stair case is perfect for another bedroom, office, recreation room, hydroponics, or plain old additional storage space. Newer energy efficient central heating and air-conditioning. Because of its exceptional condition, value, and very cheap rent, only extremely well qualified tenants will be considered. The ownership may consider a lease with an option to buy (see below). Note that the swimming pool and recreation room on-site is not functional nor is expected to be anytime in the near future. Security deposit $2,695 plus first month's rent. One pet is allowed by extremely faithful and caring pet lover. The unit is approximately 1,160 square feet not including the attic, porch, or balcony. The rent is very cheap due to the homeowner's association not maintaining the common areas as well as they should as is evidenced by the pool and clubhouse being non-functional. Ownership will pay for the HOA fees, water, and trash collection. Tenants pay for all other utilities and must provide a tenant purchased insurance policy naming the ownership and property manager as additional insureds prior to lease. Call to arrange a showing of the interior only after you have driven by the building and toured the general area. No exceptions due to many people not considerate enough to cancel appointments well in advance. Minimum one year term. Serious inquiries only. Calls only. No texts. No texts will be responded to. Unless this posting is removed, the property is available. OPTIONAL OPTION TO PURCHASE DETAILS: With a 3-year lease with option to purchase on or before termination, 10% of the monthly rent received before the due date will be credited towards the purchase price. Total possible credit is $9,702 at the end of the 3-year term. Purchase price to be $575,000 or then current value, whichever is higher. Based upon a purchase price of $575K with 5% down ($28,750 minus applicable credit) and financing the balance of $546, 250, amortized over 30 years at 5.5 percent interest, the monthly principal and interest payment is only $3,101.55. Option to purchase is subject to the buyer qualifying for and obtaining their own financing. Note that interest rates are subject to constant change and minimum property standards and creditworthiness are lender imposed. Lessee is to conduct their own investigations. No representations are expressed or implied herein regarding the availability of financing if the option is exercised. Lender qualifying standards continuously change. Check out possible Neighborhood Assistance Corporation of America financing available for additional funding sources with nothing down and below market interest rates. key words: lease with option to purchase, purchase option, rent to own, rental option, lease to own, lease with option to buy, rent option. Broker license #00580597