rent to own home - Jackson, MS - a commercial property

Two abutting buildings - 783 Harris Street & 789 Harris Street are being offered. Abutting Lot Sizes: 783 Harris - 150 ft 105.4 ft deep/15,10 sf ~ 789 Harris - 145 ft 100 ft deep/14,500 sf (8' ft chain link fence that has 3 additional strands of barbed wire surrounds 789 Harris & the outside storage areas of 783 Harris) 783 Harris Building: Built in 1997 ~ Full Service Lease with the FBI at $3,062.09 per month ($14.85 psf). Lease renewal commenced June 1, 2016 and ends May 31, 2021. GSA may terminate this lease at any time on or after May 31, 2019 by giving Lessor 60 days notice. 789 Harris Building: Built in 1999 ~ Lease with Old Towne Fitness, LLC commenced March 1, 2013 and base period ends February 28, 2016 with two-year lease option. Lessee has option to purchase during base period. Rental begins at $2,000 per month ($3.85 psf) and increases to $2,200 per month ($4.23 psf) with a 3% increase if Lessee exercises two-year option. Lessee has exercised the two-year option that ends February 28, 2018 at a monthly rental of $2,266 ($4.35 psf). Lessor responsible for real estate taxes, fire insurance, HVAC, and structure; Lessee all remaining. Zoning: Interstate 1 Light Industrial ...

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

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Property Info
Property ID209459987
Living Area (sqft)15,810
Property TypeCommercial

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