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1174 Chalmers St, Detroit, MI 48123

View Smart Contracts: Eth Gnosis

Total Investment: $ 152,940.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Property Highlights

  • Expected Income

    10.16%

    Not including capital appreciation

  • Income per Token

    $ 5.18 / year

  • Income Start Date

    May 15, 2024

  • Token Price

    $ 50.98

  • Total Tokens

    3,000

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

    Single Family

  • Full Address

    1174 Chalmers St, Detroit, MI 48123

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Riverbend

  • Construction Year

    1913

  • Bedroom/Bath

    3 Beds / 1.5 Baths

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 22,800.00

  • Gross Rent / month

    $ 1,900.00

  • Monthly Costs

    - $ 605.00
    • Property Management (8.00%)
      - $ 152.00
    • RealT Platform (2.00%)
      - $ 38.00
    • Maintenance Expenses
      - $ 150.00
    • Property Taxes
      - $ 190.00
    • Insurance
      - $ 75.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 1,295.00

  • Net Rent / year

    $ 15,540.00

  • Total Investment

    $ 152,940.00
    • Underlying Asset Price
      $ 83,000.00
    • Sourcing Fee (10%)
      $ 15,294.00
    • Initial Maintenance Reserve
      $ 3,800.00
    • Initial Renovation Reserve
      $ 48,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 152,944.00
    • Rounding Difference
      - $ 4.00

  • Expected Income

    10.16%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    3,354

  • Foundation

    Masonry

  • Exterior Walls

    Brick / Siding

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    1,460

  • Heating

    Gas / Forced Hot Water

  • Building Class

    C

  • Renovated

    Yes

Blockchain

  • Identifier

    REALTOKEN-S-1174-CHALMERS-ST-DETROIT-MI

  • Total Tokens

    3000

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    February 2, 2024

  • Issuer

    RealToken International 1174 Chalmers St Inc

  • Min. Investment Amount

    $50.98

  • Max. Investment Amount

    $152,940.00

  • Amount Raised

    $152,940.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Revitalized Residence

Experience the transformation of 1174 Chalmers, a single-family home with 3 bedrooms and 1.5 bathrooms in 1,460 square feet of living space. Situated on a 3,354 square-foot lot in the upcoming Riverbend neighborhood, the house enjoys proximity to the Detroit Merit Charter Academy, Monteith Detroit Public Library, and a growing scene of new boutiques and developments.

Riverbend’s Renaissance

The revitalized Riverbend neighborhood is currently experiencing a hip transformation and ongoing gentrification. Though more sparsely populated than some neighboring areas, the community enjoys the momentum of numerous new construction projects, both residential and retail. In fact, 99% of houses in bad condition have been demolished. An urban orchard of apple trees has also been planted by Wolverine Human Services, and the neighborhood’s appeal is further boosted by a popular local farmers market on East Warren Avenue and a small playground on Goethe Street. Located just 7 miles from downtown Detroit near the US/Canada border, Riverbend offers plenty of convenience and lifestyle amenities.

Strong Returns

For token-holders, Chalmers offers a solid expected rental income of 10.16%. Acquired for $83,000, this property’s listing price includes a significant $48,000 renovation budget allocated for essential infrastructure fixes, painting, and interior improvements. Its proximity to other RealT properties, such as 1 Holdings Kitchener and 1 Holdings Conner, provides token-holders with economy-of-scale benefits, contributing to the ongoing revival in the dynamic Riverbend neighborhood.

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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