It looks like you’re in the U.S.

Thank you for your interest in RealT. We’re currently working on a new offering for U.S. persons that is not yet ready for distribution. It’s coming soon – register and we’ll be sure to notify you when it’s ready!

We appreciate your understanding as we continue to redefine real estate investing around the globe.


1 Holdings Fairview St, Detroit, MI 48214

View Smart Contracts: Eth Gnosis

Total Investment: $ 569,181.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Property Highlights

  • Expected Income

    10.08%

    Not including capital appreciation

  • Income per Token

    $ 5.08 / year
  • Income Start Date

    May 1, 2024
  • Token Price

    $ 50.37
  • Total Tokens

    11,300

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 Fairview St, Detroit, MI 48214
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    West End
  • Construction Year

    2000
  • Total Units

    8 Units
  • Bedroom/Bath

    8x4 Beds / 8x2 Baths
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 101,880.00
  • Gross Rent / month

    $ 8,490.00
  • Monthly Costs

    - $ 3,708.00
    • Property Management (8.00%)
      - $ 679.20
    • RealT Platform (2.00%)
      - $ 169.80
    • Maintenance Expenses
      - $ 960.00
    • Property Taxes
      - $ 1,259.00
    • Insurance
      - $ 640.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 4,782.00
  • Net Rent / year

    $ 57,384.00
  • Total Investment

    $ 569,181.00
    • Underlying Asset Price
      $ 470,000.00
    • Sourcing Fee (10%)
      $ 56,918.10
    • Initial Maintenance Reserve
      $ 16,980.00
    • Initial Renovation Reserve
      $ 20,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 2,800.00
    • Unrounded Listing Price
      $ 569,198.10
    • Rounding Difference
      - $ 17.10
  • Expected Income

    10.08%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    44,910
  • Foundation

    Masonry
  • Exterior Walls

    Siding
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    10,922
  • Heating

    Gas / Forced Heat
  • Cooling

    Forced Cooling
  • Building Class

    C
  • Renovated

    Partial
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-1-HOLDINGS-FAIRVIEW-ST-DETROIT-MI
  • Total Tokens

    11300

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    March 8, 2024
  • Issuer

    RealToken International 1 Holdings Fairview St Inc
  • Min. Investment Amount

    $50.37
  • Max. Investment Amount

    $569,181.00
  • Amount Raised

    $569,181.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Diverse Single-Family Offerings

1 Holdings Fairview presents a collection of 8 single-family residences constructed in the 2000s and conveniently situated on the same street. Each home features 4 bedrooms and 2 bathrooms, collectively offering 11,036 square feet of living space. With attached garages, spacious porches, and proximity to the Barack Obama Leadership Academy and East Canfield Pavilion Park, these properties cater to growing families and individuals seeking well-appointed living spaces.

A Well-Connected Neighborhood

1 Holdings Fairview is situated in the up-and-coming West End neighborhood of Detroit, characterized by bungalows and great housing connected by sidewalks that enhance the area’s walkability. Nearby commercial areas provide convenient access to shopping centers, grocery stores, dining options, and nonprofit community services. And with easy access to Interstate 94, residents can easily commute to downtown or suburban areas.

Convenient and Strategic

Token-holders of 1 Holdings Fairview can anticipate an expected income of 10.08%. Acquired for $470,000, the properties have a price point of $58,750 per door. A renovation budget of $20,000 has been allocated for deferred maintenance, ensuring the homes remain in top condition. Additionally, the proximity to RealT’s 1 Holdings Kinafremoha, 1 Holdings French, 1 Holdings Montclair, 1 Holdings Harding, 3784 Seneca, 3937 Lillibridge, 4422 Lillibridge, and 4430 Lillibridge enhances our economies-of-scale strategy. Collectively, RealT owns around 60,000 square feet of living space in the area, further solidifying the investment potential of this fine group of homes.

Map

Property Records

Please sign in to view property records. Sign In >

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.

Previous Properties

No Previous Properties were found for your area. US persons can only view US-only properties, and non-US persons can only view Non-US properties. If you believe you're seeing this message in error, please contact us via chat in the lower right corner of the website!
It looks like there are no previous properties at this time.
To improve site performance, the previous property query has been temporarily disabled until 00:00 UTC

    RealT has sold 490 other properties to investors around the world!

    For more information about these properties, please contact us via chat in the lower right corner of your screen, or email us at [email protected].