Lake Washington View! Updated, spacious and affordable 1-bedroom, 1-bath condominium on second floor with partial lake view just Off Burke Gilman Trail - 757 sf - in Lake Forest Park, just north of Seattle. This unit is approved as a rental unit, which may be sublet by the Tenant/Buyer.
White 6-panel doors and trim. Security Entrance - View Mt Rainier From upper view deck - Well-maintained building with easy level entry from parking elevators. Sequoia House Condominiums are undergoing significant renovations, to be completed within the next six months, with no additional special assessments anticipated.
Unit comes with extra storage - Near bus and shopping. 20-25 Min To Downtown Seattle!
No bank qualifying! Bad credit, not a problem. Tenant/Buyer will be taking over payments in the form of rent. Payments are currently $1080/month which includes all mortgage payments, taxes, insurance and HOA fees. Tenant/Buyer will sign an Option to Buy, along with a 12-month lease with the option to renew for up to twenty-two years. After twenty-two years of on-time rental payments, the property title will be transferred to the Tenant/Buyer. There is no pre-payment penalty, and Tenant/Buyer would have the option to purchase the property at any time for the remaining principal balance on the mortgage.
If this is of interest to you, please send a private message to Wendy Ceccherelli at HomeLandInvestment@gmail.com to complete an application. Include in your message, the funds you would have available to put down as a non-refundable option fee and down payment, and why you are particularly interested in this form of home ownership.
Happy Investing!
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