Killeen TX Real Estate Goldrush Is On
I’ve been reporting lately on the upcoming real estate boom in Killeen, Texas. No, I have not been calling it a boom, but the I am tempted to officially announce that it’s here. With Killeen being one of the largest military bases in the world, it’s no wonder investors are buying new fourplexes and rental properties every day.
Calfornia investors are especially fond of the cash flow capabilities. There are older apartment complexes that need revitalizing, so rehab investors are seeing some great deals as well. My team has been working with developers in Killeen who are building fourplex and duplex communities that can cashflow with 0-10% down.
The Texas A&M Recon reported a new develoment in HARKER HEIGHTS. According to the Austin Business Journal, Direct Development’s Austin office is breaking ground on an $80 million retail project on 82 acres about three miles east of Killeen.
The 700,000-square-foot Market Heights development at the northwest corner of US Hwy. 190 and FM 2410 is the firm’s first in Central Texas since opening the local office in October. Target will open a more than 132,000-square-foot store at Market Heights and close its existing store near the mall in Killeen. Other major tenants will include a 16-screen Cinemark theater, Circuit City and Barnes & Noble. The majority of the project is slated to open in July 2008.
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