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1 Holdings Strasburg St, Detroit, MI 48205

View Smart Contracts: Eth Gnosis

Total Investment: $ 136,026.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.22%

    Not including capital appreciation

  • Income per Token

    $ 4.65 / year

  • Income Start Date

    January 1, 2024

  • Token Price

    $ 50.38

  • Total Tokens

    2,700

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

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Von Steuben

  • Construction Year

    1939 / 1941

  • Total Units

    2 Units

  • Bedroom/Bath

    1x4 Beds ; 1x2 Beds / 1x2 Baths ; 1x1 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 19,980.00

  • Gross Rent / month

    $ 1,665.00

  • Monthly Costs

    - $ 619.50
    • Property Management (8.00%)
      - $ 133.20
    • RealT Platform (2.00%)
      - $ 33.30
    • Maintenance Expenses
      - $ 200.00
    • Property Taxes
      - $ 139.00
    • Insurance
      - $ 114.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 1,045.50

  • Net Rent / year

    $ 12,546.00

  • Total Investment

    $ 136,026.00
    • Underlying Asset Price
      $ 108,000.00
    • Sourcing Fee (10%)
      $ 13,603.33
    • Initial Maintenance Reserve
      $ 3,330.00
    • Initial Renovation Reserve
      $ 8,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 600.00
    • Unrounded Listing Price
      $ 136,033.33
    • Rounding Difference
      - $ 7.33

  • Expected Income

    9.22%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    9,975

  • Foundation

    Masonry

  • Exterior Walls

    Siding

  • Roof Type

    Asphalt

  • Parking

    Detached Garage

  • Interior Size (sqft)

    1,836

  • Heating

    Forced Air w/ Ducts

  • Cooling

    None

  • Building Class

    C

  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

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

  • Total Tokens

    2700

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    November 15, 2023

  • Issuer

    RealToken International 1 Holdings Strasburg St Inc

  • Min. Investment Amount

    $50.38

  • Max. Investment Amount

    $136,026.00

  • Amount Raised

    $136,026.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

1 Holdings Strasburg

Welcome to 1 Holdings Strasburg, a pair of lovely brick bungalows in the Von Steuben neighborhood of Detroit. These two single-family residences together offer 1,836 square feet of living space, with 4 bedrooms & 2 bathrooms in 18073 Strasburg and 2 bedrooms & 1 bathroom in 18040 Strasburg. The total lot size for both homes spans 9,975 square feet, providing ample space for outdoor activities, and both enjoy detached garages.

These residences are strategically situated within the community, close to educational institutions such as the Fleming Early Learning Neighborhood preschool and the Brenda Scott Academy elementary school, as well as the Grace Church of the Nazarene. Their proximity to our sold-out property 17326 Albion facilitates contractor travel, which contributes to cost-effective property management.

Investors can anticipate a rental income of 9.22%. 1 Holdings Strasburg also comes with a dedicated renovation budget of $8,000 for siding maintenance and other enhancements, guaranteeing that these homes will remain well-maintained and aesthetically appealing.  Acquired at a total cost of $108,000, or $54,000 each, 1 Holdings Strasburg presents a balanced investment opportunity with both short-term and long-term potential.

Map

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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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