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1 Holdings McCracken Rd, Garfield Heights, OH 44125

View Smart Contracts: Eth Gnosis

Total Investment: $ 316,827.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.63%

    Not including capital appreciation

  • Income per Token

    $ 4.84 / year
  • Income Start Date

    April 1, 2024
  • Token Price

    $ 50.29
  • Total Tokens

    6,300

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

    McCracken Rd, Garfield Heights, OH 44125
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Garfield Heights
  • Construction Year

    1950-1955
  • Total Units

    3 Units
  • Bedroom/Bath

    1x4 Beds; 2x3Beds / 2x2 Baths; 1x3 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 50,040.00
  • Gross Rent / month

    $ 4,170.00
  • Monthly Costs

    - $ 1,627.00
    • Property Management (8.00%)
      - $ 333.60
    • RealT Platform (2.00%)
      - $ 83.40
    • Maintenance Expenses
      - $ 300.00
    • Property Taxes
      - $ 685.00
    • Insurance
      - $ 225.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 2,543.00
  • Net Rent / year

    $ 30,516.00
  • Total Investment

    $ 316,827.00
    • Underlying Asset Price
      $ 265,000.00
    • Sourcing Fee (10%)
      $ 31,682.70
    • Initial Maintenance Reserve
      $ 8,340.00
    • Initial Renovation Reserve
      $ 9,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 316,822.70
    • Rounding Difference
      $ 4.30
  • Expected Income

    9.63%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    20,505
  • Foundation

    Masonry
  • Exterior Walls

    Frame
  • Roof Type

    Asphalt
  • Parking

    2xGarage Detached / 1x2 Garage Spaces
  • Interior Size (sqft)

    4,017
  • Heating

    Gas / Forced Air
  • Cooling

    1xCentral
  • Building Class

    C
  • Renovated

    Yes / Partial

Blockchain

  • Identifier

    REALTOKEN-S-1-HOLDINGS-MCCRACKEN-RD-GARFIELD-HEIGHTS-OH
  • Total Tokens

    6300

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    January 18, 2024
  • Issuer

    RealToken International 1 Holdings McCracken Rd Inc
  • Min. Investment Amount

    $50.29
  • Max. Investment Amount

    $316,827.00
  • Amount Raised

    $316,827.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

A Peaceful Collection in Garfield Heights

We’re glad to introduce 1 Holdings McCracken, a collection of 3 single-family homes located in Garfield Heights, Ohio. Together, these residences offer a total of 4,017 square feet of living space on 20,505 combined square feet of lot space. The 3 well-kept residences, 11201 McCracken, with its 4 bedrooms and 2 bathrooms, 11003 McCracken, with its 3 bedrooms and 2 bathrooms, and 12820 McCracken, with its 3 bedrooms and 1 bathroom, collectively create a varied and comfortable set of living spaces.

A Robust Park System

Located in the Garfield Heights suburb of Cleveland, McCracken offers a calm living environment with scenic viewpoints and places to create lasting memories. Garfield Park stands out as a notable attraction, contributing to the community’s appeal. The neighborhood has good schooling options located near transportation. The Garfield Police Department’s proactive involvement in community events ensures a focus on safety. The homes are also located near Woody’s Education Center daycare, the Wolf Creek Waterfall, and the Cleveland Clinic- Marymount Hospital, giving tenants proximity to various amenities.

Strategic Acquisition

Token-holders can anticipate 9.63% expected rental income from 1 Holdings McCracken, and the acquisition price of these properties averages an excellent $88,333 per door. The listing price incorporates a $9,000 renovation budget, covering essential upgrades such as entry enhancements, roof and siding maintenance, and addressing deferred maintenance. This investment opportunity offers a promising return and aligns with RealT’s growth strategy.

Map

Property Records

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Why Cleveland?

Invest Right

Cleveland’s robust economy traces its roots to the early 20th century, when it thrived as the sixth-largest city in the United States, with a population of just under one million residents. Its growth was fueled by its role as a port city connected to the Atlantic Ocean through the Saint Lawrence Seaway. Its economic landscape is diverse, including sectors such as higher education, manufacturing, financial services, healthcare, and biomedical technology.

Cleveland’s real estate market is characterized by steady home appreciation, making it one of the US markets least susceptible to price fluctuations. This resilience is sustained by factors such as its strategic location near rail and water routes, coupled with abundant natural resources like iron and oil. The city’s neighborhoods showcase a blend of historic architecture and modern developments, contributing to a contemporary and welcoming atmosphere.

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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