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10700 Whittier Ave, Detroit, MI 48224

View Smart Contracts: Eth xDai

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 Yield

    11.33%
  • Rent Start Date

    2021-05-04
  • Rent per Token

    $5.81 / year
  • 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
  • Construction Year

    1960
  • Neighborhood

    Yorkshire Woods
  • Bedroom/Bath

    16x2 / 16x1
  • Total Units

    16 Units
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Section 8?

    No

Property Financials

  • Gross Rent / year

    $115,440.00
  • Gross Rent / month

    $9,620.00
  • Monthly Costs

    - $2,842.00
    • Property Management (8.00%)
      - $769.60
    • RealT Platform (2.00%)
      - $192.40
    • Maintenance Expenses
      - $200.00
    • Property Taxes
      - $1,100.00
    • Insurance
      - $500.00
    • Utilities
      - $80.00
  • Net Rent / month

    $6,778.00
  • Net Rent / year

    $81,336.00
  • Total Investment

    $718,060.00
    • Underlying Asset Price
      $618,000.00
    • RealT Listing Fee (10%)
      $71,804.44
    • Initial Maintenance Reserve
      $19,240.00
    • Initial Renovation Reserve
      $9,000.00
  • Expected Yield

    11.33%

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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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