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10518 Woodland Ave, Cleveland, OH 44104

View Smart Contracts: Eth Gnosis

Total Investment: $ 360,432.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    11.14%

    Not including capital appreciation

  • Income per Token

    $ 5.58 / year
  • Income Start Date

    January 1, 2022
  • Token Price

    $ 50.06
  • Total Tokens

    7,200

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
  • Full Address

    10518 Woodland Ave, Cleveland, OH 44104
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Woodland Hills
  • Construction Year

    1907
  • Total Units

    8 Units
  • Bedroom/Bath

    4x2, 4x1 Bed / 8x1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 57,420.00
  • Gross Rent / month

    $ 4,785.00
  • Monthly Costs

    - $ 1,438.50
    • Property Management (8.00%)
      - $ 382.80
    • RealT Platform (2.00%)
      - $ 95.70
    • Maintenance Expenses
      - $ 300.00
    • Property Taxes
      - $ 500.00
    • Insurance
      - $ 110.00
    • Utilities
      - $ 50.00
  • Net Rent / month

    $ 3,346.50
  • Net Rent / year

    $ 40,158.00
  • Total Investment

    $ 360,432.00
    • Underlying Asset Price
      $ 260,000.00
    • Sourcing Fee (10%)
      $ 36,040.00
    • Initial Maintenance Reserve
      $ 9,360.00
    • Initial Renovation Reserve
      $ 55,000.00
    • Unrounded Listing Price
      $ 360,400.00
    • Rounding Difference
      $ 32.00
  • Expected Income

    11.14%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    10,365
  • Foundation

    Masonry
  • Exterior Walls

    Wood w/ Brick Exterior
  • Roof Type

    Composite Shingle
  • Parking

    8 Spots in Back
  • Interior Size (sqft)

    5,844
  • Heating

    Forced Air
  • Cooling

    None

Test Renovation content!

Offering Details

  • Offering Date

    December 13, 2021
  • Issuer

    RealToken LLC Series 179 - 105187 Woodland
  • Min. Investment Amount

    $50.06
  • Max. Investment Amount

    $360,432.00
  • Amount Raised

    $360,432.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

10518 Woodland

This eight-unit, fully-rented multi-family features a classic brick exterior and a dedicated porch or balcony for each of its eight units, each of which looks out on a sizable communal grass yard. Many units feature hardwood floors. Woodland is aptly named, as it’s located in a wooded residential neighborhood; a small greenbelt sits just two houses east.

Despite its woodsy neighborhood, this multi-family property sports easy access to the greater Cleveland area. Tenants are never more than a few minutes from downtown Cleveland, with all the amenities that includes.

RealT will be investing $55,000 in renovations for Woodland, as we believe rents are significantly below market for the area. Once renovations are completed, we anticipate an improvement in rental income for our investors.

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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