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10411-10421 Cadieux Rd, Detroit, MI 48224

View Smart Contracts: Eth xDai

Total Investment: $ 1,055,460.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    10.69%

    Not including capital appreciation

  • Rent per Token

    $ 5.37 / year
  • Rent Start Date

    April 1, 2022
  • Token Price

    $ 50.26
  • Total Tokens

    21,000

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
  • Neighborhood

    Yorkshire Woods
  • Construction Year

    1958
  • Stories

    2 Stories
  • Total Units

    24 Units
  • Bedroom/Bath

    24x1 Bed / 24x1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Section 8?

    No

Property Financials

  • Gross Rent / year

    $ 179,820.00
  • Gross Rent / month

    $ 14,985.00
  • Monthly Costs

    - $ 5,583.50
    • Property Management (8.00%)
      - $ 1,198.80
    • RealT Platform (2.00%)
      - $ 299.70
    • Maintenance Expenses
      - $ 1,500.00
    • Property Taxes
      - $ 1,200.00
    • Insurance
      - $ 385.00
    • Utilities
      - $ 1,000.00
  • Net Rent / month

    $ 9,401.50
  • Net Rent / year

    $ 112,818.00
  • Total Investment

    $ 1,055,460.00
    • Underlying Asset Price
      $ 875,000.00
    • Operating Expense Reimbursement (10%)
      $ 105,552.22
    • Initial Maintenance Reserve
      $ 29,970.00
    • Initial Renovation Reserve
      $ 45,000.00
    • Unrounded Listing Price
      $ 1,055,522.22
    • Rounding Difference
      - $ 62.22
  • Expected Income

    10.69%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    17,859
  • Foundation

    Masonry Block
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Parking

    24 spaces on the side & in the back
  • Interior Size (sqft)

    13,064
  • Heating

    Forced Air / Natural Gas
  • Cooling

    None

Test Renovation content!

About the Property

10411-10421 Cadieux

This solid four-building, 24-unit apartment complex has been recently renovated, and professionally-selected tenants are moving in right now (March 2022). And check the map – this property is located right next door to 10435-10445 Cadieux, our state-subsidized property, and across the street from 10030 Cadieux, our recent eight-unit multifamily offering. Talk about economies of scale! This multifamily promises to offer excellent rental income and growth potential for years to come.

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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