The Old 440 Village is a 43 acre multi-family development located in Killeen, Tx. The 440 Village project consists of 142 lots with duplexes planned on exterior lots and fourplexes on interior lots.

Market

Killeen is home to Fort Hood, which is the largest military base in the free world. Fort Hood is the single largest employer in the state of Texas employing 53,000 assigned soldiers or airmen and 9,600 civilian employees, directly inserting $4.4 Billion annually into the Texas economy. In 2005 the Army ranked Fort Hood first among its 97 installations for “Future” capability. According to U.S. Rep. John Carter, Fort Hood will have a net gain of 3,273 more soldiers by 2011.

Killeen was recently recognized by Entrepreneur.com as the top place to buy in the U.S. Killeen is also ranked #1 in affordable housing and ranked #14 in the fastest growing cities in the nation with a population over 100,000, per Census Bureau. The Wall Street Journal reported that homes in Killeen are 15 percent undervalued and the study ranked Killeen as the 5th most undervalued market in the nation.

Property Management

This project is set up to be a turn-key (headache free) investment, complete with tenants and property management. The property management company selected for this project is the best in the business managing over 1500 properties in the Killeen area today and was recently voted the #1 property management company by the Killeen Daily Herald.
JWC has a professional staff and run an impressive operation. JWC has CPA’s that deal directly with you regarding your account, keeping you updated with account logs and making sure you receive you’re money within 24 hours of being collected. JWC only gets paid a percentage of the rent collected, so, if you don’t get paid they don’t get paid.

Builder

With over 50 years of combined experience, BHC Homes offers the highest quality of homes on the market today. We are an expanding company with exclusive neighborhoods in and around the Houston area and Central Texas. We build a product to stand the test of time at a price you can afford. We build hundreds of homes every year and have received several awards through Bonded Builder Warranty Group for having zero warranty claims. The secret to our success is simple, great customer service , great construction and great prices.

The market in Killeen is great today even with most of the soldiers in the Middle East. As more and more soldiers return from their respective tours coupled with the hardships of the sub-prime lending (making it harder for first time homebuyers) and about a one year wait for base housing the rental market should only get stronger. The property management company works directly with Fort Hood and has filled our available properties within two days of completion. It is also important to know that the Army pays for the G.I.’s rent. All in all these properties are brand new and yield a positive cash flow even after paying property management fees making it a terrific investment.

Phase I incentives (using our preferred lender) good through October 1, 2008.

Fourplexes have 5140 square feet and sell for $279,900 *please see attached amenities and floor plans

Duplexes have 2,460 square feet and sell for $169,900

1. Units filled with tenants with at least a 6 month contract before closing. (duplex only)
   
2. No greater than 7% management fee for one year.
   
3. Mini-blinds.
   

There are not many investment opportunities that offer this much positive cash flow on brand new property in an undervalued market with tenants. These properties are selling fast and have a planned price increase per phase, so don’t wait, take advantage of these incredible incentives today. 936-672-4897 heath@bhchomes.com