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1 Holdings S Arcola St, Detroit, MI 48234

View Smart Contracts: Eth xDai

Total Investment: $ 469,929.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Token Type

    Standard Equity
  • Expected Income

    10.23%

    Not including capital appreciation

  • Income Start Date

    December 1, 2023
  • Income per Token

    $ 5.17 / year
  • Token Price

    $ 50.53
  • Total Tokens

    9,300

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
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Coleman Young International Airport
  • Construction Year

    2000
  • Total Units

    7 Units
  • Bedroom/Bath

    7x3 Bed / 7x1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 77,100.00
  • Gross Income / month

    $ 6,425.00
  • Monthly Costs

    - $ 2,418.50
    • Property Management (8.00%)
      - $ 514.00
    • RealT Platform (2.00%)
      - $ 128.50
    • Maintenance Expenses
      - $ 630.00
    • Property Taxes
      - $ 831.00
    • Insurance
      - $ 315.00
    • Utilities
      Tenant-paid
  • Net Income / month

    $ 4,006.50
  • Net Income / year

    $ 48,078.00
  • Total Investment

    $ 469,929.00
    • Underlying Asset Price
      $ 385,000.00
    • Sourcing Fee (10%)
      $ 46,994.44
    • Initial Maintenance Reserve
      $ 12,850.00
    • Initial Renovation Reserve
      $ 21,000.00
    • Administrative Fees
      $ 2,000.00
    • Miscellaneous Costs
      $ 2,100.00
    • Unrounded Listing Price
      $ 469,944.44
    • Rounding Difference
      - $ 15.44
  • Expected Income

    10.23%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    34,326
  • Foundation

    Masonry
  • Exterior Walls

    Brick / Siding
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    9,377
  • Heating

    Forced Heat w/ Ducts
  • Cooling

    None
  • Building Class

    C
  • Renovated

    Well-maintained
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

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

    9300

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    September 28, 2023
  • Issuer

    RealToken International 1 Holdings S Arcola Inc
  • Min. Investment Amount

    $50.53
  • Max. Investment Amount

    $469,929.00
  • Amount Raised

    $469,929.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

1 Holdings S. Arcola St

We’re very proud to offer you this special group of properties. Acquired at a below-market average price of $41.06/sqft, beautifully maintained, and optimally located for quiet family living, 1 Holdings Arcola comprises 7 single family homes with an excellent expected income of 10.23%.

Added to the quality of these homes is the fact that, as a holding group on the same block, they benefit even more than usual from our economy-of-scale strategy, reducing maintenance costs and working synergistically to improve property values for the whole group.

The properties in 1 Holdings Arcola are all 3-bedroom houses, each equipped with an attached garage. Built with brick siding, they have been consistently maintained over the years. In line with our commitment to long-term property performance, we’ve allocated a $21,000 renovation budget for this group of properties. This budget is slated for minor deferred maintenance tasks, including gutter repairs, siding fixes, and landscaping.

We couldn’t be happier to offer you 1 Holdings Arcola, an investment that represents some of the best of RealT, and we hope you’ll be equally happy to add it to your portfolio.

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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