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Key selling points
- Shortage of Rental Housing
- Booming Economy
- 500 ac. planned community
- 6 month Guaranteed lease back
- HOA & Management fees paid for 2 years
- 2% of closing cost Paid by builder
10,000 military troops and support personal are being sent to Ft. Riley military base in Kansas. The base is just a short drive from the college town of Manhattan which is the home of Kansas State University, the town of 54,000 and has 22,000 students, and the problem is that there is not enough housing to meet the need. Many are living in hotels, private homes and are driving as much as an hour to locate housing. RIM development (a private development) was asked to build housing to help with the need. A 500 acre planned community is now under way, 2200 town homes are being built with 200 acres sited for commercial. INVESTORS ARE NEEDED NOW to purchase townhome units. Investors can purchase one unit, 6 plex, 9 plex or a large 30 unit complex. Most are already rented and have a guaranteed 6 month (bonus) lease back. HOA and mgr fees are paid for two years and the units are rent ready. The appreciation rate has been running in the 20% range but will perhaps average in the 10% to 15% annually considering the shortage of housing in the area. We believe this to be a very strong investment opportunity and an investor can take advantage of this opportunity. With 10% equity at purchase and 10-15% annual appreciate, an investor should be able to realize a very strong return.
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