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1 Holdings Harding St, Detroit, MI 48214

View Smart Contracts: Eth Gnosis

Total Investment: $ 389,081.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.61%

    Not including capital appreciation

  • Income per Token

    $ 4.86 / year
  • Income Start Date

    May 15, 2023
  • Token Price

    $ 50.53
  • Total Tokens

    7,700

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 Harding St, Detroit, MI 48214
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    East Canfield
  • Construction Year

    2005
  • Total Units

    6 Units
  • Bedroom/Bath

    6 x (4 Bed, 1.5 Bath)
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 65,340.00
  • Gross Rent / month

    $ 5,445.00
  • Monthly Costs

    - $ 2,329.50
    • Property Management (8.00%)
      - $ 435.60
    • RealT Platform (2.00%)
      - $ 108.90
    • Maintenance Expenses
      - $ 620.00
    • Property Taxes
      - $ 915.00
    • Insurance
      - $ 250.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 3,115.50
  • Net Rent / year

    $ 37,386.00
  • Total Investment

    $ 389,081.00
    • Underlying Asset Price
      $ 324,000.00
    • Sourcing Fee (10%)
      $ 38,910.00
    • Initial Maintenance Reserve
      $ 10,890.00
    • Initial Renovation Reserve
      $ 13,800.00
    • Administrative Fees
      $ 1,500.00
    • Unrounded Listing Price
      $ 389,100.00
    • Rounding Difference
      - $ 19.00
  • Expected Income

    9.61%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    73,040
  • Foundation

    Masonry
  • Exterior Walls

    Frame
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    8,732
  • Heating

    Forced Air
  • Cooling

    None
  • Building Class

    C
  • Renovated

    Well-maintained
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

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

    7700

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    April 20, 2023
  • Issuer

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

    $50.53
  • Max. Investment Amount

    $389,081.00
  • Amount Raised

    $389,081.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

1 Holdings Harding

We are pleased to offer you this new group of 6 properties located on Harding Street. These single family residences were built in 2005, and as you can see from the map, they are located close to 2 other holding portfolios (1 Holdings French and 1 Holdings Montclair) tokenized in the last few weeks.

Is this a good area for investment? Well, we tokenized 3432 Harding in 2020, and we invite you to view its valuation tab to examine the capital appreciation of that property under RealT’s care. Single family homes seem to be a very competitive investment in these inflationary periods!

By purchasing tokens from these properties, investors can diversify their risk due to potential rental vacancies, and every dollar invested in one of the properties benefits the perceived value of the other properties. This new holding portfolio continues our strategy of concentric circle acquisition by improving the quality of life of the neighborhood in order to increase the perceived value of other tokenized properties in the area.

The Harding properties meet the same standards as our other Holdings:

  • They were built in 2005
  • They each have an attached garage
  • They are not eligible for Section 42
  • The renovation budget is low ($13,800) and dedicated for deferred maintenance
  • The expected rental income is 9.61%

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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