Second chance apartments for sale

Second chance apartments for sale in the US

Understanding the Concept of Second Chance Apartments

Not everyone is familiar with the concept of second chance apartments. These types of apartments are offered to people who have experienced some financial setback that would prevent them from renting units elsewhere. Sometimes known as high risk apartments, these types of living arrangements can serve as a stepping stone toward repairing a damaged credit rating.

Second chance apartments may be right for people who have been through some sort of financial hardship and ended up facing eviction or defaulting on debts due to financial reversals. For example, a tenant who lost his or her job and could no longer afford an apartment may end up being evicted. At the same time, credit card and other debts were left unpaid, resulting in defaults. While the individual has since found another job and is making headway in repaying those old debts, the damage to the credit rating has already been done.

Some landlords will look closely at the circumstances surrounding those unfortunate events and be willing to take a chance on the applicant. In order to offset some of the risk involved, the landlord may require a higher deposit, and maybe even at least one month of rent held in reserve.

In return, the tenant has the chance to live in a comfortable apartment, and will also build good credit with the landlord by making the rent payments on time every month. The landlord in turn submits positive comments to the major credit reporting agencies, effectively aiding the tenant in rebuilding his or her credit over time. When all goes well, that tenant will be in much better financial condition in two or three years, and be in a position to ask for more favorable rental terms and conditions.
$452,940.63
Average price for sale in United States
$1,387.13
Average price per sq.feet for sale in United States
Cities with second chance apartments for sale
      second chance apartments for sale ads
      1316 S St Nw #b Washington
       26
      1316 S St Nw #b Washington
      $1,149,000
      Washington DC - For Sale - Apartment - 1,643 sq.feet - 4 bedrooms - 2 bathrooms
      Newly imagined just listed behind the stunning historic facade s street nw unit b is a spacious and sophisticated bedrooms large office or media room home...
      5353 Columbia Pike #709 Arlington
       28
      5353 Columbia Pike #709 Arlington
      $205,000
      Arlington, Virginia - For Sale - Apartment - 651 sq.feet - 1 bedroom - 1 bathroom
      All utilities included fully renovated and just miles from dc imagine living in a breathtakingly renovated penthouse level condo just minutes from amazon hq...
      525 Park Rd Nw #304 Washington
       22
      525 Park Rd Nw #304 Washington
      $729,900
      Washington DC - For Sale - Apartment - 1,056 sq.feet - 2 bedrooms - 2 bathrooms
      This meticulously maintained two bedroom two bathroom corner penthouse unit boasts an open concept floor plan oversized windows and premium fixtures and...
      415 17th St Ne #a Washington
       80
      415 17th St Ne #a Washington
      $749,000
      Washington DC - For Sale - Apartment - 1,747 sq.feet - 3 bedrooms - 4 bathrooms
      Welcome to solar condominiums this light filled spacious and modern condo offers over sf of living space on levels with bedrooms and bathrooms features include...
      2000 16th St Nw #608 Washington
       33
      2000 16th St Nw #608 Washington
      $444,444
      Washington DC - For Sale - Apartment - 600 sq.feet - 1 bedroom - 1 bathroom
      This is the place you ve been waiting for this one bedroom one bath residence on the penthouse level of the historic balfour condominium offers direct...
      6923 Victoria Dr Alexandria
       14
      6923 Victoria Dr Alexandria
      $275,000
      Alexandria, Virginia - For Sale - Apartment - 857 sq.feet - 2 bedrooms - 2 bathrooms
      Location location top floor vaulted ceilings bedrooms bathroom condo in kingstowne va located approx miles to the metro ffx pwy central to restaurants...
      700 7th St Sw #823 Washington
       37
      700 7th St Sw #823 Washington
      $399,900
      Washington DC - For Sale - Apartment - 916 sq.feet - 1 bedroom - 1 bathroom
      In the heart of sw town square towers condo offers a great lifestyle the southwest waterfront the national mall transportation national park monuments and much...
      422 Butternut St Nw #t6 Washington
       37
      422 Butternut St Nw #t6 Washington
      $424,999
      Washington DC - For Sale - Apartment - 907 sq.feet - 2 bedrooms - 2 bathrooms
      Anything you need this home provides takoma park metro station is two blocks away eateries less than a block away a walkabilty score of and grocery stores and...
      1718 P St Nw #713 Washington
       8
      1718 P St Nw #713 Washington
      $289,900
      Washington DC - For Sale - Apartment - 457 sq.feet - 1 bathroom
      Awesome efficiency in the heart of dc near the national mall and air and space museum
      3225 Grace St Nw Washington
       4
      3225 Grace St Nw Washington
      $75,000
      Washington DC - For Sale - Apartment - 180 sq.feet
      This apartment is located at grace st nw washington dc grace st nw is in the georgetown neighborhood in washington dc and in zip code it is currently for sale and has been listed...