8373 Octavius Ave, North Port, FL 34287

Description

SPACIOUS NORTH PORT HOME AVAILABLE FOR STRAIGHT RENTAL OR LEASE WITH OPTION TO PURCHASE! This 3-bedroom, 2-bathroom concrete block home offers approximately 1,638 square feet of living space, an attached 2-car garage, and a spacious 0.23-acre lot. Featuring an open, split-bedroom floor plan with vaulted ceilings, spacious living and family areas, and an inviting eat-in kitchen with breakfast bar, abundant cabinetry, and plenty of room for entertaining. The generously sized primary suite features a walk-in closet, garden-style soaking tub, separate walk-in shower, and dual sinks. Additional features include central air conditioning, a spacious backyard, and private well water and septic system—no city water or sewer bill!

TWO FLEXIBLE RENTAL OPTIONS AVAILABLE!

OPTION 1 – STRAIGHT RENTAL: Monthly rent of $2,100 with a $2,400 refundable performance deposit. Total initial move-in cost of $4,500, including first month's rent and deposit. No purchase commitment required!

OPTION 2 – LEASE WITH OPTION TO PURCHASE: Monthly rent of $2,400 with a four-year option to purchase the property for $360,000. Initial nonrefundable option payment of $4,000, plus first month's rent of $2,400, for a total initial move-in cost of $6,400.

BUILD PURCHASE CREDITS WHILE YOU RENT! Under the lease-option arrangement, $600 of each qualifying monthly rent payment is credited toward the purchase price when the purchase option is exercised and the purchase closes. Over four years, this represents a potential $28,800 in monthly purchase credits, PLUS the initial $4,000 option payment, for a combined potential credit of $32,800 toward the $360,000 purchase price!

This is an excellent opportunity for tenants looking for a traditional rental or those interested in securing a future home purchase while renting. Separate lease and purchase-option agreements are required. All purchase credits are subject to the terms of those agreements and apply only upon successful exercise of the option and closing. Schedule your private showing today!