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10700 Whittier Ave, Detroit, MI 48224

View Smart Contracts: Eth Gnosis

Total Investment: $ 718,060.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    12.33%

    Not including capital appreciation

  • Income per Token

    $ 6.32 / year

  • Income Start Date

    May 4, 2021

  • Token Price

    $ 51.29

  • Total Tokens

    14,000

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

  • Full Address

    10700 Whittier Ave, Detroit, MI 48224

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Yorkshire Woods

  • Construction Year

    1960

  • Total Units

    16 Units

  • Bedroom/Bath

    16x2 / 16x1

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 123,420.00

  • Gross Rent / month

    $ 10,285.00

  • Monthly Costs

    - $ 2,908.50
    • Property Management (8.00%)
      - $ 822.80
    • RealT Platform (2.00%)
      - $ 205.70
    • Maintenance Expenses
      - $ 200.00
    • Property Taxes
      - $ 1,100.00
    • Insurance
      - $ 500.00
    • Utilities
      - $ 80.00

  • Net Rent / month

    $ 7,376.50

  • Net Rent / year

    $ 88,518.00

  • Total Investment

    $ 718,060.00
    • Underlying Asset Price
      $ 618,000.00
    • Sourcing Fee (10%)
      $ 71,804.44
    • Initial Maintenance Reserve
      $ 19,240.00
    • Initial Renovation Reserve
      $ 9,000.00
    • Unrounded Listing Price
      $ 718,044.44
    • Rounding Difference
      $ 15.56

  • Expected Income

    12.33%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    10,019

  • Parking

    13 Detached Spaces

  • Interior Size (sqft)

    8,940

Blockchain

  • Total Tokens

    14000

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    April 28, 2021

  • Issuer

    RealToken LLC - Series #100 - 10700 Whittier

  • Min. Investment Amount

    $51.29

  • Max. Investment Amount

    $718,060.00

  • Amount Raised

    $718,060.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Wow, what a property! 10700 Whittier is a gorgeous 16-unit multi-family complex with original brickwork, a community courtyard, and ample tenant parking. Whittier sits in the neighborhood of Pulaski, which enjoys a sparse, residential-yet-urban feel that offers quite a few parks, as well as schools for the many families who live in the area.

Whittier will require some modest renovations to help it reach its full potential, but at core it is a well-built, well-maintained, well-managed property that promises excellent value for years to come. We’re very excited to offer it to the RealT community!

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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