Category Archives: Houses For Rent

Houses For Rent Houses For Sale Leases with Option to Buy

Excellent 3 bedroom, 2-story with garage and appliances

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488 N. Greenwood Street, Marion, OH

This single-family home has approximately 1325 square feet. It is a 3 bedroom, 2-story with detached 1 car garage (10 x 16). 1 full bath with tub and shower. Full basement. Laundry room on the main floor. The first floor consists of living room, dining room/family room, and kitchen. 3 bedrooms and full bath are on the second floor. The floor coverings are primarily carpet (2013) with kitchen, bath and laundry room having ceramic tile. This house features a gas forced air furnace (2002), 8 vinyl replacement windows on the 2nd floor (2002), roof was installed in 2000, rubber roof on flat section of garage roof (2004), new chimney flashing (2004), new chimney liner (2007), new 40 gallon gas hot water tank (2011) full insulation—sidewalls and ceilings, vinyl siding, soffits, trim, and windows wrapped, wall air conditioning on the first floor, covered front porch and small rear deck. The rear yard is partially fenced. The driveway is joint with the house to the south (482), but since we own both properties, we have designated the driveway and car storage portion of the garage for the use of the residents of 488 N. Greenwood. County property records indicate that this house was built in 1923. 

Best Features of This Home: Replacement windows on the 2nd floor, Main floor laundry, Maintenance free exterior, 1 car garage, Full basement, Wall air conditioner on 1st floor, Walk-up attic, Ceramic tile—kitchen and bath, newer carpeting, cedar closet in 1 bedroom, 22 cubic foot chest freezer included at no cost.

Room Sizes:

  • Living Room: 13’8 x 18’3
  • Dining Room: 11’6 x 13’6
  • Kitchen: 9’9 x 13’6
  • Laundry Room: 7’6 x 9
  • Bedroom: 10’11 x 13’5
  • Bedroom: 10 x 13’4
  • Bedroom: 10’2 x 11’2
  • Bath: 6 x 10’6

Lot: 33 x 165. Taxes: $735/year.

QUALIFYING REQUIREMENTS: Satisfactory completion of an application. Gross (before deductions)  Income that is verifiable. No evictions. Fixed monthly obligations (loan payments, child support, court-ordered payments, not routine expenses such as groceries, gas, utilities etc.) that do not exceed 36% of verifiable gross monthly income. No public record, credit or financial situations that management deems to be potentially detrimental to our business interests. We require all of our residents to purchase a tenant’s insurance policy with liability coverage and with William Your named as an additional insured.

 

LEASE:

MONTHLY LEASE PAYMENT: $695 including storm and sanitary sewer bills paid to the city of Marion.

TOTAL DUE PRIOR TO OCCUPANCY: First month’s rent plus an equal amount that includes the security deposit

LEASE TERM:  1 year

INCOME REQUIREMENTS: $31,000 or more in gross income for 2014;  $2600 or more in gross verifiable monthly income during 2015. 


SHORT TERM RENTAL (Minimum 3 months): Terms quoted upon request


LEASE WITH THE OPTION TO PURCHASEIf you would like to be a homeowner, we will give you an option to buy on this property.  This is not a land contract or installment purchase of any kind.  You will need to qualify for financing or obtain funds to pay the purchase price at some time during the term of your option agreement.  We will be happy to discuss this opportunity with you.  All terms for a lease with option to buy are negotiable and may or may not relate in any way to the lease terms noted above since each individuals financial situation is different and we want to establish terms that will work best for both of us.

 

Purchase price of the property: $54,900.


OTHER INFORMATION:

· TERMS: All terms on this page, as well as those anywhere on our website, or any other printed information are subject to change at any time without notice.

· UTILITIES: The cost of storm and sanitary sewer charges as assessed by the city of Marion is included in the monthly rent. We will pay these costs for you; the city otherwise would bill you for this expense.   The resident is responsible for the payment of all other utilities: Gas, water, electric, and trash

· PETS:  Pets are approved on a case-by-case basis.  An upfront pet fee as well as a monthly charge will apply.

· APPLIANCES:  Range, refrigerator, washer, dryer, and deep freeze are included with this house.  However if you have no use for these appliances, we will remove them and reduce your rent by $10/month.

Houses - Lease with Option to Buy Houses For Rent

4 Bedroom, 3 Baths–Expected to be Available in late Summer, 2015

We have a large home in the north end of Marion on a large corner lot that will be available sometime in the Summer of 2015.  We are doing a total renovation so it is impossible to predict  when it is going to be available to either be shown or leased.  However, if you need a large home at about $795 per month, we will be glad to accept your application, approve that application and then contact you as soon as we can show the property.

 

DO NOT:

1.  Ask us for an address; this information will not be available to anyone until all the work is done on the property and it is ready to be shown; the only exception would be those individuals who could be interested in purchasing the property.  See requirements below.

2.  Apply to rent this house if you are in a hurry to get moved.  As noted above, it could be several months before the house is ready.

3.  Apply if your gross verifiable monthly income does not equal or exceed $3200 per month.

 

Basic information about this property:

1st Floor:  Living room, Family room or dining room, Large kitchen, Utility room, Full bath with tub and shower, Sun room off the living room, Master bedroom, Office or nursery adjoining the master bedroom.

2nd Floor:  3 or 4 bedrooms, Laundry room off of one of the bedrooms, Full bath with tub and shower off one of the bedrooms, 2nd floor family room/4th bedroom and Full bath with shower only off this room.

The house has gas forced air heat (New 92+ efficiency furnace installed in January, 2015) and gas hot water, new sanitary sewer from the house to the street in January, 2015, most windows have storm windows and screens, insulation is full—ceiling and side walls, large yard, off-street parking.

This home additionally will be improved with all new pad and carpeting, ceramic tile floors in kitchen, baths, and laundry room, some new closets, and totally painted interior.  A privacy fence is in place on the south and east sides of the property which adjoins the neighboring homes.

 

We are willing to sell the property outright for:  $64,900.   We are also willing to lease it with the option to buy  If you think you would be interested in a lease-purchase, you must meet the requirements noted below:

1.  Supply us a copy of your most recent tax return (2013) and W-2’s or 1099’s that provide evidence of your 2014 income.

2.  Complete a 4 page application – each proposed adult resident must do this.

3.  Supply a current credit report for each adult applicant

4.  Each adult must pass a background check

5.  Provide us a copy of a tenant’s insurance policy including liability coverage and with William X. Your named as a co-insured.

6.  Monthly payment and down payment on a lease-purchase are totally negotiable.