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10807 Wadsworth Ave, Garfield Heights, OH 44125

View Smart Contracts: Eth Gnosis

Total Investment: $ 107,521.50

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.62%

    Not including capital appreciation

  • Income per Token

    $ 4.81 / year
  • Income Start Date

    April 1, 2024
  • Token Price

    $ 50.01
  • Total Tokens

    2,150

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

    Single Family
  • Full Address

    10807 Wadsworth Ave, Garfield Heights, OH 44125
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Garfield Heights
  • Construction Year

    1949
  • Bedroom/Bath

    3 x Beds / 1.5 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 17,760.00
  • Gross Rent / month

    $ 1,480.00
  • Monthly Costs

    - $ 618.00
    • Property Management (8.00%)
      - $ 118.40
    • RealT Platform (2.00%)
      - $ 29.60
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 275.00
    • Insurance
      - $ 75.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 862.00
  • Net Rent / year

    $ 10,344.00
  • Total Investment

    $ 107,521.50
    • Underlying Asset Price
      $ 87,000.00
    • Sourcing Fee (10%)
      $ 10,752.15
    • Initial Maintenance Reserve
      $ 2,960.00
    • Initial Renovation Reserve
      $ 4,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 107,512.15
    • Rounding Difference
      $ 9.35
  • Expected Income

    9.62%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,000
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,250
  • Heating

    Gas / Forced Air
  • Building Class

    C
  • Renovated

    Partial

Blockchain

  • Identifier

    REALTOKEN-S-10807-WADSWORTH-AVE-GARFIELD-HEIGHTS-OH
  • Total Tokens

    2150

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    January 18, 2024
  • Issuer

    RealToken International 10807 Wadsworth Ave Inc
  • Min. Investment Amount

    $50.01
  • Max. Investment Amount

    $107,521.50
  • Amount Raised

    $107,521.50
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Investing in Classic Appeal

10807 Wadsworth, in the quaint Cleveland suburb of Garfield Heights, is a pleasing two-story brick single-family residence with a detached one-car garage. This well-kept house has 3 bedrooms and 1.5 bathrooms in 1,250 square feet of living space, all on a 4,000 square-foot lot. The residence’s architectural design exudes a classic appeal, providing both comfort and charm.

Garfield Heights Metroparks

Located in the Garfield Heights neighborhood, Wadsworth finds its place in a well-established community with tree-lined streets and a diverse mix of architectural styles. As one of Cleveland’s “first tier” suburbs, Garfield Heights holds historical significance as one of the city’s early developments. Residents benefit from the proximity to the extensive Cleveland Metroparks System, embracing over 21,000 acres with amenities such as the Cleveland Zoo, golf courses, horse stables, and a multitude of recreational trails.

A Noteworthy Opportunity

Token-holders can anticipate a competitive expected rental income of 9.62% from Wadsworth, acquired for the reasonable price of $87,000. The listing price incorporates a $4,000 renovation budget, covering essential upgrades for brick maintenance and addressing deferred maintenance. This investment opportunity promises a steady return and aligns with RealT’s growth strategy, designed to maximize economies of scale for 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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