543 E 2nd Avenue 1b UNIT 1B MEARS HOUSE RIGHT, Durango, CO 81301

THE UNIT: LIVE IT UP! DOWNTOWN DURANGO LOCATION, LOCATION, LOCATION! Come live the Urban Lifestyle. You can walk everywhere; the movies, Starbucks, restaurants and entertainment. Modern 2 Bedroom, 2 bath condo. Secure underground parking, 2 spaces. Gas fireplace in the living room. Kitchen has tons of storage, counterspace and pantry. Recently replaced dishwasher and refrigerator. All appliances, television, amplifier and speakers for surround sound included. Gas forced air heat with humidifier. Central Air Conditioning. There are no neighbors on the sides of this unit. Tremendous outdoor living, living room doors open to a common area patio for you to enjoy. Views of Main Street and Smelter Mountain. This is easy one level living in a maintenance free setting. The Mears house is a winning choice whether you live here full time, part time or as an investment. What a lifestyle! THE COMPLEX: The Mears house was built in 2003, complete with elevator, building security system and a climate controlled storage closet for each owner. Residents enjoy modern construction right downtown in Historic Downtown. The building was named after Otto Mears the famous toll and railroad builder of Southwest Colorado. He was forward thinking and so is this building. There are 18 residential units and approximately half of the units are owner occupied. Some rules include: rentals must be a minimum of 7 days and 2 Pets are allowed. All rules, regulations, covenants, HOA information available upon request. FINANCING: The Mears House is an easily financed. The condominium project is eligible for as little as 5% down payments for owner occupants. Investors can expect 20 to 25% down payment requirements. Call Lisa Reed S.W. Mortgage for excellent condo financing options, 970-382-9800. UTILITY MONTHLY AVERAGES: La Plata Electric $79. Atmos Natural Gas $27. Water, Sewer and Trash are provided by City of Durango and included in the HOA dues. Trash is a common dumpster. HOA DUES AND INCLUSIONS: The HOA Dues are $319 per quarter which include; water, sewer, trash, elevators, security, exterior maintenance and insurance. See budget for all expenses. Transfer fee of $2000 to HOA capital fund at closing and $100 transfer fee to AREM Management Company. All owners carry interior insurance on interior of unit, contents and liability. Currently the Exterior insurance is American Family. Agent Chris McClure 970-259-0091. It can be beneficial to match interior coverage with the exterior coverage carrier. LEASE: The unit is currently leased for $1575 + electric, gas, phone, internet and cable through August 31, 2014.