BiggerPockets

Description:

Key Points:
• 40,000 Troops will be relocated here now and into 2012 + Civilian Workers to follow
• Demand far exceeds the supply – MAJOR shortage of affordable housing
• Annual growth rate of 1% will JUMP to 26% TO 32%
• Conveniently located near Fort Riley Military base, KState University, and Downtown
• Over the next 5 years Pentagon is pouring $2 Billion into Fort Riley’s expansion
• Annual appreciation reaching 10% – should continue because of short/long term growth
• Little to NO VACANCY – Tenants are waiting to move in
• Rent Ready for tenants to move in (GE Refrigerator, GE Range, GE Dishwasher, GE Microhood)
• Early Stage Development – only Twelve (12) Four-Plexes left
• 200 Acres land for Commercial Development – Wal-Mart, Target, Lowes, Home Depot, etc.
• Up to 20% Walk-In-Equity (appraisals available)
• Closings costs paid (up to 2% of selling price)
• Military tenants (lowered risk) & Student tenants (lowered risk)
• New Elementary School being built within walking distance from development
• Great for families already moving to Fort Riley/Manhattan, Kansas
• Excellent financing terms available