xhv8mzw7ge79waga35o97s2wbzpfr6 Colony Farms - Fourplex Investment | Magna, UT | FIG

295 W Center St, Suite A

Provo, UT 84601

(801) 758-8970

(Brokered by RE/MAX Equity & partners)

CONTACT US

FIG DISCLAIMER: No investments are guaranteed to result in profits. Net operating income, cap rates, and internal rates of return are subject to fluctuation and may experience a wide range of change, including the potential for operating losses. Factors affecting investment returns include, without limitation, changes in interest rates, tenant vacancies and defaults, property management expenses, repair and maintenance costs, HOA expenses, litigation, insurance rates, and relative strength and weakness in the local and regional economy. Past performance is not a guarantee of future returns. FIG does not provide tax or legal advice, and none of the statements or information on our website or sales materials should be construed as tax or legal advice. All investors are encouraged to seek advice from their own tax and legal professionals. All estimated returns on investments in FIG projects are subject to change and may be significantly different from actual financial performance. FIG is a brand used for the purposes of marketing. FIG is not an actual company but is used to brand the investment strategy used by those marketed on this website. © 2020 FIG & RE/MAX Equity

Colony Farms

- Magna, UT -

Project Details

NOI/Month:
NOI/Annual:
Cash Flow/month:
Cash Flow/year:
Cap Rate:
10 YR IRR:

$3,996
$47,956
$717
$8,603
6.6%
11.5%

(includes vacancy, expenses and property management fees)

With land prices rising throughout the Wasatch Front, development continues to go westward.  With the establishment of the Inland Port Authority, the Northwest quadrant of Salt Lake County is poised for growth.  Amazon.com and UPS are both near completion on massive regional facilities, projected to bring in 3,000 new jobs between the two of them.  All this combined with the expansion of the Salt Lake City International Airport make this an area in need of housing.  According to CoStar, "only one project has delivered in this portion of the valley since 2015 and vacancies continue to be well below the metro average.  With nothing currently underway, tight conditions look set to persist in the near term."

For more information contact:

Steve Olson    801.362.3392    solson@fig.us Chase Leavitt    435.632.7028    chase@fig.us

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