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1 Holdings Belvidere St, Detroit, MI 48214

View Smart Contracts: Eth xDai

Total Investment: $ 631,620.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.46%

    Not including capital appreciation

  • Rent per Token

    $ 5.15 / year

  • Rent Start Date

    March 12, 2023

  • Token Price

    $ 54.45

  • Total Tokens

    11,600

All financial statements of property yield are best estimates based on current conditions, and can change at any time.

We are targeting the above yield for investors; however, no assurance can be given that you will obtain any return on investment, and there is a risk that you can lose your entire investment.

  • Property Type

    SFR Portfolio

  • Full Address

    1 Holdings Belvidere St, Detroit, MI 48214

  • Neighborhood

    Gratiot Woods

  • Construction Year

    2006-2007

  • Stories

    2 Stories

  • Total Units

    10 Units

  • Bedroom/Bath

    Various

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    Section 42

  • Rent Subsidy Pays...

    100%

Property Financials

  • Gross Rent / year

    $ 80,772.00

  • Gross Rent / month

    $ 6,731.00

  • Monthly Costs

    - $ 1,754.10
    • Property Management (8.00%)
      - $ 538.48
    • RealT Platform (2.00%)
      - $ 134.62
    • Maintenance Expenses
      - $ 750.00
    • Property Taxes
      - $ 111.00
    • Insurance
      - $ 220.00

  • Net Rent / month

    $ 4,976.90

  • Net Rent / year

    $ 59,722.80

  • Total Investment

    $ 631,620.00
    • Underlying Asset Price
      $ 545,000.00
    • Operating Expense Reimbursement (10%)
      $ 63,162.44
    • Initial Maintenance Reserve
      $ 13,462.00
    • Initial Renovation Reserve
      $ 9,000.00
    • Administrative Fees
      $ 1,000.00
    • Unrounded Listing Price
      $ 631,624.44
    • Rounding Difference
      - $ 4.44

  • Expected Income

    9.46%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    45,080

  • Foundation

    Poured Concrete

  • Exterior Walls

    Wood Siding / Brick / Shingle

  • Roof Type

    Asphalt

  • Parking

    Attached Garage

  • Interior Size (sqft)

    13,530

  • Heating

    Forced Air

  • Cooling

    None

  • Building Class

    B

  • Renovated

    Very well-maintained

  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-1-HOLDINGS-BELVIDERE-ST-DETROIT-MI

  • Total Tokens

    11600

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    February 23, 2023

  • Issuer

    RealToken International 1 Holdings Belvidere St Inc

  • Min. Investment Amount

    $54.45

  • Max. Investment Amount

    $631,620.00

  • Amount Raised

    $631,620.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

1 Holdings Belvidere

Belvidere is our latest group of 10 properties in this area of Detroit. After having tokenized 17 Single Family Rentals on Holcomb street, then 12 SFRs in the street right next door with Rohns, we’re offering an investment in the street on the other side of Holcomb with these excellent SFRs.

The Belvidere properties meet exactly the same standards as our 2 previous SFR portfolio groups:

  • They were built in 2006-2007
  • They each have an attached garage
  • They all enjoy a tax advantage
  • Their rent is 100% paid by Section 42, with a combined expected rental income of 9.46%

They are also in good condition, and that is why we have allocated a maintenance reserve of $13,462.00 and a renovation budget of only $9,000 for the whole group.

Map

Property Records

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Why Detroit?

INVEST RIGHT

Detroit, one of the fastest growing major cities in America and best kept real estate secrets, is rich with history, and  possesses a colorful cultural fabric. Despite being among the 15 largest metro areas in the US, Detroit drivers spend the least amount of time in traffic during peak periods. Beyond automotive innovation, Detroit is home to dozens of startup incubators, and is surging on Inc.’s list of top 50 cities to start a business*. Root for the Lions, Tigers, Pistons and Red Wings, or enjoy the outdoors with over 200 miles of hiking trails nearby, 9 state parks, and over 3200 miles of coastline to explore.

There’s something for everyone here, because Detroit is for everybody.

The Interests, in the form of Series #1 RealTokens and future series of RealTokens, being offered are highly speculative in nature, involve a high degree of risk and should be purchased only by persons who can afford to lose their entire investment. There can be no assurance that the Company’s business objectives will be achieved or that a secondary market would ever develop for the Interests, whether via the RealToken Website, via third party registered broker-dealers or otherwise. Investing in private placements requires high risk tolerance, low liquidity concerns, and long-term commitments. The Interests being sold are not FDIC insured, may lose value, and there is no bank or other guarantee.

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