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11441-11443 Flanders St, Detroit, MI 48205

View Smart Contracts: Eth xDai

Total Investment: $ 110,770.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Token Type

    Standard Equity
  • Expected Income

    10.18%

    Not including capital appreciation

  • Income Start Date

    March 15, 2024
  • Income per Token

    $ 5.13 / year
  • Token Price

    $ 50.35
  • Total Tokens

    2,200

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

    Duplex
  • Full Address

    11441-11443 Flanders St, Detroit, MI 48205
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Gratiot-Findlay
  • Construction Year

    1927
  • Total Units

    2 Units
  • Bedroom/Bath

    2x2 Beds / 2x2 Baths
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 18,600.00
  • Gross Income / month

    $ 1,550.00
  • Monthly Costs

    - $ 610.00
    • Property Management (8.00%)
      - $ 124.00
    • RealT Platform (2.00%)
      - $ 31.00
    • Maintenance Expenses
      - $ 180.00
    • Property Taxes
      - $ 145.00
    • Insurance
      - $ 130.00
    • Utilities
      Tenant-paid
  • Net Income / month

    $ 940.00
  • Net Income / year

    $ 11,280.00
  • Total Investment

    $ 110,770.00
    • Underlying Asset Price
      $ 89,000.00
    • Sourcing Fee (10%)
      $ 11,077.00
    • Initial Maintenance Reserve
      $ 1,900.00
    • Initial Renovation Reserve
      $ 6,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 110,777.00
    • Rounding Difference
      - $ 7.00
  • Expected Income

    10.18%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,443
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,763
  • Heating

    Forced Air w/Ducts
  • Building Class

    C
  • Renovated

    Partial
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-11441-11443-FLANDERS-ST-DETROIT-MI
  • Total Tokens

    2200

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    January 11, 2024
  • Issuer

    RealToken International 11441-11443 Flanders St Inc
  • Min. Investment Amount

    $50.35
  • Max. Investment Amount

    $110,770.00
  • Amount Raised

    $110,770.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

11441-11443 Flanders

Located on Detroit’s east side, 11441-11443 Flanders is a well-maintained brick duplex whose units each offer 2 bedrooms and 2 bathrooms along with an assigned parking garage. This property encompasses 1,763 square feet of living space on a 4,443 square-foot lot. With the current tenants in place, this duplex provides stability and economies-of-scale advantages, as it is near our properties at 12747-12749 Nashville and 11201 College, as well as many other sold-out RealT properties.

Flanders is situated in the Gratiot-Findlay neighborhood, just 8 miles from downtown Detroit and close to the airport, with quick access via the Edsel Ford Expressway. The neighborhood is defined by its vibrant community spirit, best represented by The Shed at Martz Park, a community organization supporting youth and residents. Martz Playground sits next to the property and offers recreational amenities like a playscape, walking circle, and a spacious soccer field, enhancing the quality of life for residents.

Token holders can anticipate a 10.18% expected rental income from this well-situated duplex, which was acquired for $89,000. The listing price includes a $6,000 renovation budget allocated for essential updates such as roof maintenance, painting, and addressing deferred maintenance. This property not only promises a stable investment opportunity, but also the chance to be part of a resilient and culturally rich community in Gratiot-Findlay.

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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