6 Ferringway Cir #23, Durango, CO 81301

Fully Furnished and Eqipped Ferringway. Verstile Property - Primary, 2nd Home, or Rental Property. $162,900, 2BD/ 1BA Ferringway Condominiums are versatile and offer flexibility. Great 2nd home, primary residence or investment property. THE UNIT: This fully furnished 2 bedroom, 1 bath condo is all play and no work. Excellent condition. Sunny, airy feel. Fully equipped kitchen with immaculate appliances and new refrigerator. Functional floorplan. Great room, bedroom, full bath, washer dryer on main level. Living room has high ceilings and a wood-burning fireplace. A spiral staircase takes you to a multi-purpose loft bedroom with mountain views. No deferred maintenance here! Recent additions include; new memory foam mattresses, wood laminate flooring, tile on the main level with carpet on the staircase and loft. Large front porch deck is private with a courtyard feel and a storage closet. PET POLICY: Owners pets are allowed. EXCLUSIONS: Please ask for a list of exclusions and complete information about the unit and the complex. QUICK POSSESSION POSSIBLE. Come to Ferringway and play! THE COMPLEX: A+ location close to downtown, golf, recreation and the college mesa. Walk, drive or take the “T,” City transit to town. Amenities: swimming pool, hot tub, sauna, clubhouse & on site rental office. Recent Improvements: windows, roof, decks and resurfacing of the parking lot. On site rental management available with full maintenance staff makes it easy to enjoy your 2nd home…while you’re away your condo will pay you. See the Ferringway webiste for more information and current rental rates that this unit could obtain. HOA fees take care of everything except your electric, telephone and internet. HOA DUES AND UTILITIES: The Homeowner dues are $873/ quarter which covers; water, sewer, trash, exterior building insurance, exterior maintenance, snow removal, common area maintenance including pool and clubhouse amenities. Exterior building insurance coverage is through Dale Willbanks with American Family Insurance, (970) 247-5828. La Plata Electric, 970-247-5786. Completely electric unit averages $78 per month with a high of $177 and a low of $31. Homeowners choose and pay their own high speed internet, telephone and television. FINANCING: Due to the fact that Ferringway offers nightly rentals and has an on-site rental office it is considered a “condo tel”. Expect a down payment of 20-30%, depending on specific bank guidelines. Wells Fargo offers a resort property program. Try local banks such as Alpine Bank, Bank of Colorado, Vectra and 1st Southwest Bank.