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10030 Cadieux Rd, Detroit, MI 48224

View Smart Contracts: Eth Gnosis

Total Investment: $ 412,880.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    10.22%

    Not including capital appreciation

  • Income per Token

    $ 5.28 / year

  • Income Start Date

    March 1, 2022

  • Token Price

    $ 51.61

  • Total Tokens

    8,000

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

    Multi Family

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Yorkshire Woods

  • Construction Year

    1957

  • Total Units

    8 Units

  • Bedroom/Bath

    8x1.5 Bed / 8x1 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 71,760.00

  • Gross Rent / month

    $ 5,980.00

  • Monthly Costs

    - $ 2,463.00
    • Property Management (8.00%)
      - $ 478.40
    • RealT Platform (2.00%)
      - $ 119.60
    • Maintenance Expenses
      - $ 800.00
    • Property Taxes
      - $ 750.00
    • Insurance
      - $ 165.00
    • Utilities
      - $ 150.00

  • Net Rent / month

    $ 3,517.00

  • Net Rent / year

    $ 42,204.00

  • Total Investment

    $ 412,880.00
    • Underlying Asset Price
      $ 350,000.00
    • Sourcing Fee (10%)
      $ 41,288.89
    • Initial Maintenance Reserve
      $ 11,600.00
    • Initial Renovation Reserve
      $ 10,000.00
    • Unrounded Listing Price
      $ 412,888.89
    • Rounding Difference
      - $ 8.89

  • Expected Income

    10.22%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    6,970

  • Foundation

    Masonry Block

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Parking

    12 spaces in the back

  • Interior Size (sqft)

    8,120

  • Heating

    Forced Air

  • Cooling

    None

Test Renovation content!

Offering Details

  • Offering Date

    February 15, 2022

  • Issuer

    RealToken International 10030 Cadieux Road Detroit MI 48224 Inc

  • Min. Investment Amount

    $51.61

  • Max. Investment Amount

    $412,880.00

  • Amount Raised

    $412,880.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

10030 Cadieux

Built in 1957, our newest offering on Cadieux Rd is a charming 8-unit brick-construction multifamily. This property is in excellent condition both inside and out, as its pictures show, and the 12 parking spaces in the back add to its livable quality.

Cadieux is located in the Yorkshire Woods neighborhood with many other apartment complexes, just blocks from the freeway for an easy commute. RealT has set aside an extra $10,000 to further enhance tenant quality-of-life and property value.

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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