1741 N. Gaylord Street
DENVER, COLORADO
- Target Investor IRR: 16.91%
- Stabilized Cash On Cash Return: 6.5%
- Target Equity Multiple: 1.96x
- Target Hold Period: 5 years
Opportunity Summary
Address
MSA
Building Type
Total Rooms/Units
Existing building size
Lot size
Zoning district
Investment Summary
Total Capitalization
Targeted Investor IRR
Targeted Project Level Equity Multiple
Targeted Hold Period
ATTEND OUR NEXT WEBINAR
Learn more about this deal
We’ll be hosting a webinar where we dive into the details.
Format: Presentation (40 mins), followed by Q&A (20 mins)
Wednesday, April 17th, 2024
11:00 AM PT / 2:00 PM ET
MATT RYAN
Principal
Property Management and Lease-up
Timeline: 24 months for total project
Entitlement & Constructions
20 Months
Lease-up
2 Months
Refinance
2 Months
Executive Summary
We’re excited to present to our investors the opportunity to preserve a coveted property at a strong entry price close to the land value (<$130/SQFT). This project piggybacks off of our ongoing strategy to acquire distressed office buildings in high-demand locations where young professionals seek affordable places to live. This deal boasts a projected 7% Stabilized Cap Rate in at an irreplacable and coveted Denver urban location. Great flexibility to build or sell off additional land. Investors welcome to precommit to Phase 2 now. Phase 1 and Phase represent the third and fourth Denver project.
Market & Sub-Market Overview
Denver | Market
-
The Denver area ranks as the third most competitive large rental market in the West blowing past Phoenix and Las Vegas
(Source: Denver Post) -
Apartments are typically rented within 42 days
(Source: Denver Post) -
Denver’s average apartment rent is $1,967
(Source: Rent Cafe)
City Park West | Sub-Market
-
Eclectic and historic. Homes in City Park West are a blend of old and new. Rows of Victorian-inspired cottages are punctuated by tall modern homes masked by mature trees.
(Source: Homes.com) -
48% of the population is between 20 and 39 years old and 72.5% of the population is renting
(Source: Denver Perfect 10)
Our Track Record
28,000 SQ. FT.
Currently Under Management
27% IRR
Realized Investor Rate of Return
MATT RYAN
Principal
With over 10 years of experience in real estate and construction, Matt Ryan founded re-viv to re-engineer residential and commercial real estate in underserved communities. The company’s mission follows his passions for urban policy, building technology, and social impact ventures.
DANE ANDREWS
Director of Acquisitions
Prior to joining Re-viv, Dane was a partner at MAD City Development as well as the Co-founder and COO of Madelon Group, a real estate development technology company, that productized the development process for prefab multifamily and adaptive reuse coliving projects.
ANTIONETTE
Director of Asset Management
Antoinette understands the unique dynamics of cooperative living, adapting her approach to meet residents' diverse needs. In addition to property management, Antoinette has 18 years of accounting experience, seamlessly integrating financial expertise into her work for the past decade.
RYAN BORMAN
Lead Architect
Ryan Borman, a masterful Design-Build Architect in Denver, blends Architecture's art with Construction's reality. With 15 years' experience, his projects span SF to Canada, embodying creativity and practicality. A traveler and licensed Architect in CA & CO, he's ready for the next challenge.
Sales Analysis
| Address | Sales Price | Square Feet | $/SQFT | Cap Rate |
|---|---|---|---|---|
| 1464 Elizabeth St | $ 900,000 | 3,250 | $276.92 | 5.00% |
| 2903-2917 E 14th Ave | $ 2,025,000 | 6,712 | $301.70 | 5.48% |
| 1572 Race St | $ 2,500,000 | 9,840 | $254.07 | 4.50% |
| 1666 Detroit St | $ 3,258,500 | 9,890 | $329.47 | 3.11% |
| 1411 Clayton St | $ 1,320,000 | 2,976 | $443.55 | 5.24% |
| Avg. Exit Cap | 4.67% | |||
Our model assumes a conservative 5.5% exit cap
to account for possible interest rate risk
Rent Comparisons
| Rent Comparison | Re-viv | Local Studio |
|---|---|---|
| Rent | $1250-$1450 | $1491 |
| Utilities | $75 | $90 |
| Cleaning | Included | $200 |
| Supplies (paper towel/toilet paper/etc) | Included | $40 |
| Wifi | Included | $40 |
| Total | $1325 – $1525 | $1,861 |
Re-viv tenants save $300-$500 per month
Our model delivers newly renovated apartments at the bottom 30% of the rental market.
Making them affordable to a broad and growing young tenant base.
Denver, CO Apartment Rent Ranges
We provide this desperately needed, under supplied housing to fill this gap.
Growth of A Potential $100K*
re-viv is excited to present to its investors the opportunity to invest in 1741 N. Gaylord St….will need copy or framework of what to say here.
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
|---|---|---|---|---|---|
|
Equity Balance |
($100,000) |
($100,000) |
($100,000) |
($100,000) |
($100,000) |
|
Return if Sold (Net) |
- |
$46,488.74 |
$56,896.44 |
$69,465.45 |
$77,994.08 |
|
Return of Capital from Refinance |
- |
$32,696.57 |
$0 |
$0 |
$0 |
|
Cash on Cash Return ($) |
- |
$0.00 |
$4,936.59 |
$5,999.22 |
$6,416.76 |
|
Cash on Cash Return (%) |
- |
0.00% |
4.94% |
6.00% |
6.42% |
|
Equity Multiple |
- |
1.46 |
1.57 |
1.69 |
1.78 |
|
IRR |
- |
21.03% |
17.60% |
16.09% |
14.50% |
On your call with Matt, we will discuss our strategic approach to real estate investing, discuss our track record and our previous investment deals, and answer any questions you have about this unique opportunity. Schedule a call today and begin building your real estate portfolio with re-viv.
Register today by filling out our form to talk with Matt. During this call, we will explore our strategic real estate investing approach, share our successful track record and past investment deals, and address any queries you may have about this exclusive opportunity. After registration, you’ll gain access to a calendar with available time slots for your convenience.
Let's build your perfect portfolio.
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*Accredited Investor Criteria:
- Net worth over $1 million, excluding primary residence (individually or with spouse or partner)
- Income over $200,000 (individually) or $300,000 (with spouse or partner) in each of the prior two years, and reasonably expects the same for the current year
Disclaimer: The information contained on this page is proprietary and strictly confidential. It is furnished solely for the purpose of review by a prospective investor and is not to be used for any other purposes or made available to any person without the expressed written consent of a representative of re-viv, LLC. The information in this prospectus has been compiled from sources deemed to be reliable. However, neither the information nor the reliability of their sources are guaranteed by re-viv, LLC or the Seller.
Certain information included in this presentation contains forward looking statements within the meaning of applicable securities laws, including, among other things, statements concerning our objectives and our strategies to achieve those objectives, statements with respect to Management’s beliefs, plans, estimates and intentions and statements concerning anticipated future events, circumstances, expectations, results, operations or performance that are not historical facts. Forward looking statements can be identified generally by the use of forward looking terminology, such as“indicators”,“outlook”,“objective”,“may”,“will”,“expect”,“intend”, “estimate”,“anticipate”,“believe”,“should”,“plans”,“continue”or similar expressions suggesting future outcomes or events.