11078 Longview St, Detroit, MI 48213

Total Investment: $758,850.00

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Property Highlights

  • Expected Yield

    11.46%
  • Rent Start Date

    2021-05-28
  • Rent per Token

    $5.80 / year
  • Token Price

    $50.59
  • Total Tokens

    15,000
  • Property Type

    Multi Family
  • Construction Year

    1928
  • Neighborhood

    Ravendale
  • Square Feet

    8,480
  • Lot Size

    6,098
  • Total Units

    13 Units
  • Bedroom/Bath

    13x2 / 13x1
  • Rented?

    Fully Rented
  • Section 8?

    Yes
  • Section 8 Pays...

    100%

All financial statements of property yield are best estimates based on current conditions, and can change at any time.

We are targeting the above equity multiple 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.

Financials

  • Gross Rent / year

    $138,000.00
  • Gross Rent / month

    $11,500.00
  • Monthly Costs

    - $4,250.00
    • Property Management (6.00%)
      - $690.00
    • RealT Platform (2.00%)
      - $230.00
    • Maintenance Expenses
      - $900.00
    • Property Taxes
      - $850.00
    • Insurance
      - $430.00
    • Utilities
      - $1,150.00
  • Net Rent / month

    $7,250.00
  • Net Rent / year

    $87,000.00
  • Total Investment

    $758,850.00
    • Underlying Asset Price
      $660,000.00
    • RealT Listing Fee (10%)
      $75,888.89
    • Initial Maintenance Reserve
      $23,000.00
  • Expected Yield

    11.46%

Maintenance Reserve

About the Property

What a gorgeous investment this is. 11078 Longview is a full Section 8 building on a double lot, which gives it both exceptionally stable cash flow AND great potential for future development.

This classic brick building has been fully renovated, and offers 13 two-bedroom, one-bath units inside, along with a beautiful green space outside. Perhaps best of all, Longview is easy: quality renovations make maintenance straightforward and predictable, and the long-term Section 8 tenants reduce management overhead.

Longview is located in the Ravendale neighborhood, which offers residents a sparse suburban feel together with easy access to the amenities of the city, including a number of large parks within walking distance. Overall, this is an exceptional property, and we’re proud to offer it to you!

Map

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.