For Sale. Monteverdi Condominium Lots. Decatur Boulevard & 215 Beltway. N. Decatur Boulevard & 215 Beltway N. Las Vegas, NV. Project Site.

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1 Condominim Lots Decatr Bolevard & 215 Beltway Project Site For Sale Jim Zeiter Insight Realty Associates Owner / Licensee phone (702) cell (702) jzeiter@insightholdings.com N. Decatr Bolevard & 215 Beltway N. Las Vegas, NV

2 Condominim Lots Table of Contents Table of Contents PG 1 Property Details PG 2 Available Lot Site Plan PG 3 New Owner Information PG 4 Jim Zeiter Insight Realty Associates phone (702) cell (702) jzeiter@insightholdings.com Disclaimer The information contained herein has been given to s by the owner of the property or other sorces we deem reliable. We have no reason to dobt its accracy, bt we do not garantee it. All information shold be verified prior to prchase or lease. 1 N. Decatr Bolevard & 215 Beltway N. Las Vegas, NV

3 No dates present April 2008 S M T W T F S «Mar May» Condominim Lots Property Details Meet the Board News Give to GCPS Partners and Back to School Co Sponsors Resorces Contdown: SITE Prchase Price: $970,000 Seller will accept following Terms: $400,000 Down payment $570,000 Seller Carryback Remaining Terms Negotiable 57 Flly Improved Lots Gated Entry A 2,991 sf Recreation bilding has been completed, inclding fitness eqipment, pool, concrete patios, shade strctres, landscaping, walks, lighting and parking. Total project consists of gross acres Zoning: PUD for 144 attached nits with a density of 13.4 nits per acre. Property is immediately soth of the 215 Interchange Paseo Verde Parkway, Site 330, Henderson, NV

4 Condominim Lots Available Lot Site Plan 57 Condominim Lots Lots and Las Vegas, NV Paseo Verde Parkway, Site 330, Henderson, NV

5 Condominim Lots New Owner Information The property was approved and Final Mapped for 144 Condominim Town Home nits by Plte Homes. Plte constrcted and sold 87 of the nits in the project. The remaining 57 lots are flly finished with the tilities rn to the ftre bilding locations. The electrical panel, cable TV, telephone and gas laterals have been installed and rn to the block walls constrcted adjacent each bilding. $600,000 of Actal Hard Costs fees, extractions and engineering have been prepaid on behalf of the project. New Owner is granted a one time rese of the existing architectral plans, if they shold choose to contine the project with the existing prodct. New owner will also be reqired to become the Declarant on behalf of the Home Owners Association. This will reqire the appointment of two new owner representatives to the board. This will give the new owner the majority vote and control over the actions of the HOA. The Declarant throgh this process is granted the right to constrct a sales office and constrct the remaining 57 nits. The Declarant rights will expire in If the total revene of the HOA is not sfficient to cover the yearly expenses inclding the fll fnding of the Reserves Fnd, the new owner will be obligated to fnd the shortfall. A new Reserve Stdy has been prepared docmenting no Owner Sbsidy of the HOA will be reqired at this time Paseo Verde Parkway, Site 330, Henderson, NV