LEE MILL HEIGHTS 4-PLEXES/4-UNITS
MANHATTAN, KANSAS STRONG APPRECIATION, HIGH DEMAND & NEW CONSTRUCTION
RARE INVESTMENT OP****TUNITY
(2) TWO - 2 BEDROOM/1.5 BATH (1259 SQ FT) - Appraised at $143,000
(2) TWO - 3 BEDROOM/1.5 BATH (1415 SQ FT) - Appraised at $160,000
Appraised at $606,000
Price: $492,000
PROBLEM:
MAJOR 40,000-troop expansion of Ft. Riley Military Base (now upgraded
to a training hub) is creating a SEVERE housing deficit.
This will cause the growth rate to jump from an annual 1% to 26%-32%
annually.
Job growth expected over the next 6 years 18,000 - 23,000 new jobs.
Where else is this happening in the US?
The city of Manhattan is scrambling to build the infrastructure to
handle the arrival of troops into the Fort Riley.
Preference will be on the West side of Manhattan the demand will
extend well beyond 2012.
Development addresses this issue directly:
Lee Mill Heights 4-PLEX development is located on the West end of
Manhattan near Ft. Riley also near Kansas State University.
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% (Population will
double in 4 yrs time)
* 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
Retail within walking distance: Target, Home Depot, Movie Theatres,
Pier 1 Im****ts, Panera Bread, Commercial Offices, Fast Food, Car
Dealer****ps (this is only 1/4 th of the retail in the area).
New Update 2/22/08: New Police Station within walking distance of
development
For all inquiries please contact us and mention our ad on this
newsgroup:
Kurt Hackman
P: (913) 226-1101
F: (913) 390-5208
Email: sales@[EMAIL PROTECTED]
http://www.fs-bd.com
For Sale By Developer, LLC
6800 College Blvd. Ste 200
Leawood, KS 66211
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