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Blackstone Farms

FIG's latest multifamily project in Provo is in position to take advantage of healthy wage growth and the youngest population in the country...

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Blackstone Farms

Project Details

Starting at $720,000

  • NOI/Month: $3,538
  • NOI/Annual: $42,451
  • Cash Flow/Month: $801
  • Cash Flow/Year: $9,618
  • Cap Rate: 5.9%
  • 10 YR IRR: 12.1%
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You'll Also Get...

MAXX Property Management, FIG's multifamily management and hoa service

All FIG properties are professionally managed by MAXXPM in order to minimize vacancies and maximize your rental income.

Vollkommen Construction, FIG's Fourplex Development Builder

Co-founder of FIG—Vollkommen brings a long history of building high-end custom homes and combines it with their passion for helping multifamily investors.

First Colony Mortgage, FIG's Preferred Multifamily Lender

FIG's preferred lender has helped our investors secure over $250M in multifamily financing over the last three years.

The Fourplex Investment Group

Since 2013, FIG has built over 4,000 doors of multifamily units, providing investors with over $500M in cash flowing properties

A Proven Track Record

 
 
 
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Disclaimer

Reservations Go Quickly!

Now's the best time to ask about the project. Message any of FIG's agents by clicking below.

Steve Olson is a fourplex investment agent with the Fourplex Investment Group and RE/MAX Equity

Steve Olson

FIG's Director of Sales. Licensed agent in Utah, Texas, and Idaho.

Message Steve
Sherida Zenger is a fourplex investment agent with the Fourplex Investment Group and RE/MAX Equity

Sherida Zenger

FIG investment consultant. Licensed agent in Utah, Idaho, and Arizona.

Message Sherida
Chase Leavitt is one of the top real estate investing consultants in Salt Lake City, Utah

Chase Leavitt

FIG investment consultant. Licensed agent in Utah, Idaho, and Arizona.

Message Chase

Reservations Go Quickly!

Now's the best time to ask about the project. Message any of FIG's agents by clicking below.

Steve Olson is a fourplex investment agent with the Fourplex Investment Group and RE/MAX Equity

Steve Olson


FIG's Director of Sales. Licensed agent in Utah, Texas, and Idaho.

Message Steve
Sherida Zenger is a fourplex investment agent with the Fourplex Investment Group and RE/MAX Equity

Sherida Zenger


FIG investment consultant. Licensed agent in Utah, Idaho, and Arizona.

Message Sherida
Chase Leavitt helps real estate investors buy fourplexes for sale

Chase Leavitt


FIG investment consultant. Licensed agent in Utah, Idaho, and Arizona.

Message Chase

Why This Market?

Provo represents the core of the Provo-Orem metropolitan area, which has a combined population of 617,678 and is located directly south of the Salt Lake Metropolitan area. The Provo metro boasts an impressively low unemployment rate of 2.8% as of Feb. 2019, (according to the Bureau of Labor Statistics). In fact, from Feb. 2014 to Feb. 2019, unemployment in the Provo metro area has averaged just 3.1%. This has lead to increased rents and decreased vacancy rates across the board.

The Provo metro is experiencing massive population growth due to in-migration and a large natural birth rate, making it the youngest population in the country. Increased expansion in the technology sector along with two large universities are expected to lead to continued profitability in the multi-family investment sector.

​All Blackstone Farms units are sold through the FIG team via RE/MAX Equity.

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Utah County Market Report

The metro is pinned between the Wasatch Mountains and Utah Lake, so as the tech industry continues to explode—growth only has two directions to go...

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