1022 G Street Multi-Family Investment Offering
- 16% Project Level IRR
- 5 Year Hold Period
- 5% Cash on Cash Return
- 37% of Capital Returned in First 3 Years (Tax Free)
Opportunity Summary
Address
MSA
Building Type
Total Rooms/Units
Existing building size
Lot size
Zoning district
Investment Summary
Total Capitalization
Equity/Debt Phase 1
Time Frame
Equity/Debt Stabilized
Targeted Project Level IRR
Targeted Annualized ROI
Targeted Project Level Equity Multiple
Targeted Hold Period
Property Management and Lease-up
Timeline: 12 minimum - 16 months maximum
Estimated Construction
9-11 Months
2-3 Months
Lease-up
1-2 Months stabilization
and refinance
Executive Summary
re-viv is excited to present to its investors the opportunity to invest in 1022 G Street, a historic, Victorian building located in the Alkali Flat neighborhood in the heart of downtown Sacramento. The building is currently vacant but was formerly a commercial office for the last ten-plus years. As a result, the building is well maintained and recently updated.
The building is being acquired at an attractive discount relative to the current office and multi-family buildings in the area and well below the costs of building a similar structure in today’s market. Another strong fundamental of the deal is after renovation costs, or “all-in” costs, which are 25-30% below comparable multi-family sales in the area.
This project capitalizes on our objective to acquire distinctive assets at a discount in high barrier to entry markets and convert them to our niche multi-family operating strategy. Our innovative rental model yields a market-leading rental rate while providing a Class A product at an extremely attractive price point for young professionals.
Market & Sub-Market Overview
Sacramento
- #3 nationally for rental growth since 2018 (realpage.com).
- 28% of the population is between 18 and 35 years old and 52% of the population is renting (Neighborhood Scout).
Alkali Flat
- Alkali Flat is one of the best places to live in California. With a dense urban feel, 95% of the young liberal professional that live here rent (Niche.com).
- Located in the Downtown core, the Alkali Flat neighborhood is nearby to the bustling metropolitan hub of the region with eclectic mix of architectural styles, coffee bars, art galleries, parks and attractions.
Our Track Record
28k SQFT Currently Under Management
27% Internal Rate of Return (IRR) on Equity Invested
$2.0 MIllion in Private Debt Raised to Date
(8% AVG Rate Paid)
$2.1 Million in Equity Placed to Date
Sales Analysis
| Address | Sales Price | Square Feet | $/SQFT |
|---|---|---|---|
| 2325 I Street | $ 1,350,000 | 3,420 | $394 |
| 1010 23rd Street | $ 1,190,000 | 2,890 | $411 |
| 2801 H Street | $ 1,350,000 | 3,400 | $397 |
| 2017 26th Street | $ 900,000 | 2,312 | $389 |
| 2815 I Street | $ 1,048,000 | 3,052 | $343 |
| 627 T Street | $ 925,000 | 2,400 | $380 |
| Average Sales Price/SQFT | $385 | ||
Growth of $50k Investment
re-viv is excited to present to its investors the opportunity to invest in 1022 G Street, a historic, Victorian building located in the Alkali Flat neighborhood in the heart of downtown Sacramento. The building is currently vacant but was formerly a commercial office for the last ten-plus years. As a result, the building is well maintained and recently updated.
The building is being acquired at an attractive discount relative to the current office and multi-family buildings in the area and well below the costs of building.
| Year 1 | Year 2 | Year 3 | Year 4 | |
|---|---|---|---|---|
|
Total Invested Capital |
($100,000) |
($100,000) |
($100,000) |
($100,000) |
|
Return if Sold (Net) |
$58,644 |
$60,417 |
$70,038 |
$79,984 |
Growth of $50K Investment*
Why Co-living
In this webinar, our founder and CEO Matt Ryan breaks down four reasons why co-living will be one of the hottest sectors of real estate in a post-COVID world.
Click Here to set-up a call directly with our CEO. Doing so allows investors the opportunity to pre-commit prior to the webinar in the likely case that the deal becomes fully subscribed.
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