862 5th St E

About This Property

(651) 318-6881 - Rent: $1,700 Monthly Rent Credits: $200 (12 months) Down Payment: $7,000 Purchase Price after 2-Year Lease: $172,000 Lease Term: 2 years (time under lease before you need to qualify for a conventional mortgage) Built in 1892 with all the original wood work and wood trims, 9' high ceiling, double french doors entry way and an archway separating the living room and family/dining room in a free-flowing floor plan. The home has many beautiful diamond-paned windows, fireplace surround and decorative metal hardware This home was recently remodeled with all new laminate flooring, new kitchen cabinets and vanity, new baths, new water heater, new furnace and new dryer. The square footage of the newly insulated attic and basement would make this home greater than 2012 sf. Come and check it out! Living Room, Dining Room, Unfinished Basement, Hardwood, Refrigerator, Stove, Microwave, Garbage Disposal, Dishwasher, Washer, Dryer, Air Conditioning, Fireplace, Garbage Disposal, Ceiling Fan, Blinds, Attic, Central Heating, Patio, Fence, Porch We believe that everyone should be able to own their own home. Here’s how we do it. We sell you the property Rent to Own. That means you will be renting the property for a specific period of time, usually 1-2 years. During that time, you have the option to buy it at the price that was agreed upon when you first move in. You secure this option with a Down Payment that reduces your purchase price and can reduce the bank’s required down payment when you take out financing for final purchase. You will also receive Rent Credits that will go towards the Purchase price of the home once you exercise your option to Purchase and your rent has been paid on time. The monthly rent for this home is $1,700, and the Down Payment is $7,000; so you will need $8,700 to purchase this house. With an $9,400 price reduction from Rent Credits and the Down Payment, your final sale price will be reduced to $162,600 after the lease terms. Make sense? (RLNE2884872) Other Amenities - Basement, Yard. Appliances - Dishwasher, Air Conditioning, Refrigerator, Range, Garbage Disposal, Washer & Dryer, Microwave. Lease lengths - 24 Months, Rent-to-Own.

862 5th St E is a house located in Ramsey County and the 55106 ZIP Code. This area is served by the St. Paul Public attendance zone.