Willits Seven

979 East Valley Road, Basalt, CO 81621

$2,016-$2,418
RENT/MONTH
1-3 BED
1-2 BATH
Willits Seven North Apartments Monthly Rental Rates and Qualifications for Residency Monthly Rent
Room Type Price / Month
One Bedroom Units $2,016
Two Bedroom Units $2,300
Three Bedroom Units $2,418
Parking – Included with Monthly Rent:
The underground parking garage has assigned spaces.
Unit Type Parking Spaces
One Bedroom 1
Two and Three Bedroom 2
Storage:
One assigned storage space per unit is included in the monthly rental rate. Resident provides their own lock.

Features:
All units include stacked laundry washer/dryer, refrigerator, microwave, garbage disposal, oven/stovetop, and forced air heating and cooling. Walls are painted, flooring is carpet and laminate wood floors.  All units are unfurnished.

Lease Terms:
12 month lease.
Occupancy (maximum 2 persons per bedroom):
Unit Type No. of Occupants
One Bedroom 1-2
Two Bedroom 2-4 persons *
Three Bedroom 3-5 persons *
* (No more than 3 adults over the age of 18)
Holding Deposit due upon Submittal of Application will become the Security Deposit held at move in:
Room Type Price / Month
One Bedroom Units $2,016
Two Bedroom Units $2,300
Three Bedroom Units $2,418
Rent due at Lease Signing:
First and Last Month’s Rent. You may elect to prorate your last month’s rent over the first four months of the lease term. Payments are due to landlord, Virtu Cathedral Associates, LLC.

Pet Fee (if applicable):
Pets are welcome and either one cat or one dog (maximum weight 55 lbs) is allowed on the second floor apartments.  One pet per unit.
A Pet Fee is payable upon lease signing and will be assessed annually.

Cat:      $200.00

Dog:     $400.00

Renter’s Insurance:
Mandatory – Proof of Insurance required at Lease Signing and Renewals.

TV, Internet, Phone:
Each unit has one wall outlet for service and you may subscribe directly for services provided by Xfinity/Comcast.  Additional outlets may be installed by the authorized vendors at tenant’s expense.

Window Coverings:
Tenants must provide window coverings.  
AFFORDABLE HOUSING INCOME, ASSETS, EMPLOYMENT, AND RESIDENCY QUALIFICATIONS
Maximum Income Qualifications:
No. of Occupants Max. Income
Self $103,232
Self plus one occupant $117,986
Self plus two occupants $132,728
Maximum Assets Qualifications:
(Qualified Retirement Assets as determined by IRS are excluded)
Unit Type Max Asset Amount
One Bedroom Units $434,985
Two Bedroom Units $497,425
Three Bedroom Units $620,297
Proof of Employment Requirements:
Each applicant, including each resident over the age of 18, must be employed a minimum of 1,500 hours per 12-month period by an employer located in the Roaring Fork Valley, Aspen to Glenwood Springs. Applicant’s rental history will be verified, along with credit and criminal background verifications. References are required.
Occupancy Priorities:
  1. Occupancy Priority One: A prospective occupant that is an Essential Employee as defined herein, working full-time in the Town of Basalt.

    2. Essential Employee-Full-time employees working for organizations that provide services or essential utilities (water, sewer, electric, gas) needed for the health, safety, and welfare of the community. Examples of essential employees include, but are not limited to the Town utility and public works staff, police, firefighters, and teachers. Determinations about whether a certain occupation qualifies as an essential employee shall be made by the Basalt Special Housing Evaluation Committee.

  2. Occupancy Priority Two: A prospective occupant that is non-Essential Employee working full-time in the Town of Basalt or mobile home park resident living in the floodplain.
  3. Occupancy Priority Three: A prospective occupant that is an Essential Employee as defined herein, working full-time in the Roaring Fork Valley, Aspen to Glenwood Springs.
  4. Occupancy Priority Four: A prospective resident that is an employee working full-time in the Roaring Fork Valley, Aspen to Glenwood Springs. A Retiree, who meets Retiree qualifications per Basalt’s Community Housing Guidelines, who has been a full-time employee in the Employment Area a minimum of ten years immediately prior to his or her retirement, and who, after retirement, volunteers 1,000 hours per year to a local non-profit which operates in the Roaring Fork Valley, Aspen to Glenwood Springs.
Newly retiring individuals or households that were not living in a Basalt Community Housing Unit upon retiring are not eligible for a community housing unit even if they meet the requirements set forth in this paragraph.
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