– Payson, UT –
10 YR IRR:
(includes vacancy, expenses and property management fees)
The Salt Lake metro area continues to be one of the national leaders in employment expansion. High paying tech jobs are flooding into the area and are resulting in raising rents in the core urban centers which are located close to mass transit. Tenants looking for more affordable housing now have two choices: 1) go south, or 2) go west.
Payson, UT is located on the South Side of Utah County and is poised to take advantage of the growth pressing along the I-15 corridor. “The metro’s population rate rose 1.4% in 2017, double the national rate. Boosted by prolonged demographic and economic expansion, demand is bound to remain strong, particularly for workforce housing, as 40 out of 45 multi family projects under construction in the metro are Lifestyle segment.” (Yardi Matrix)
For more information contact:
Sherida Zenger 801.787.6665
Steve Olson 801.362.3392
Chase Leavitt 435.632.7028
Pineridge farms in Payson is in position to take advantage of healthy wage growth and the youngest population in the country. Nearby Mountain View Hospital and Revere Health Clinic offer close by employment, and a 10 minute drive up I-15 to Spanish Fork gives tenants access to shopping like Costco and Walmart as well as plentiful banks, restaurants, and other services. An appealing business climate, steady migration, and general southern and western expansion all point towards a continued demand for affordable rentals in Utah County!
Each fourplex in Pineridge farms comes standard with blinds, stainless appliances, and luxury vinyl tile in the kitchens, bathrooms, laundry rooms, and entryways.
Pineridge Farms Fourplexes are presented by:
Sherida Zenger, RE/MAX Equity
Steve Olson, RE/MAX Equity
Chase Leavitt, RE/MAX Equity
in partnership with FIG – Fourplex Investment Group.