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11750 Morang Ave, Detroit, MI 48224

View Smart Contracts: Eth xDai

Total Investment: $ 619,680.00

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


    Not including capital appreciation

  • Income Start Date

    December 13, 2021
  • Income per Token

    $ 5.98 / year
  • Token Price

    $ 51.64
  • Total Tokens


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
  • Full Address

    11750 Morang Ave, Detroit, MI 48224
  • Country

  • Source

  • Neighborhood

    Moross - Morang
  • Construction Year

  • Total Units

    12 Units
  • Bedroom/Bath

    12x2 Bed / 12x1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?


Property Financials

  • Gross Income / year

    $ 110,160.00
  • Gross Income / month

    $ 9,180.00
  • Monthly Costs

    - $ 3,198.00
    • Property Management (8.00%)
      - $ 734.40
    • RealT Platform (2.00%)
      - $ 183.60
    • Maintenance Expenses
      - $ 310.00
    • Property Taxes
      - $ 1,670.00
    • Insurance
      - $ 240.00
    • Utilities
      - $ 60.00
  • Net Income / month

    $ 5,982.00
  • Net Income / year

    $ 71,784.00
  • Total Investment

    $ 619,680.00
    • Underlying Asset Price
      $ 540,000.00
    • Sourcing Fee (10%)
      $ 61,966.67
    • Initial Maintenance Reserve
      $ 17,700.00
    • Unrounded Listing Price
      $ 619,666.67
    • Rounding Difference
      $ 13.33
  • Expected Income


    Not including capital appreciation

Property Details

  • Lot Size (sqft)

  • Exterior Walls

  • Roof Type

  • Parking

    12 spaces in the back
  • Interior Size (sqft)

  • Heating

    Gas / Forced Air
  • Cooling



  • Identifier

  • Total Tokens


Gnosis Chain


Test Renovation content!

Offering Details

  • Offering Date

    November 24, 2021
  • Issuer

    RealToken LLC - Series #172 - 11750 Morang
  • Min. Investment Amount

  • Max. Investment Amount

  • Amount Raised

  • Offering Percent (of Total Tokens)


About the Property

11750 Morang Ave, Detroit, MI 48224

1175 Morang is a 12-unit multi-family property located in the Moross-Morang neighborhood of Detroit. This solid brick dwelling checks off many boxes by being in a desirable area with city amenities right outside the doorstep. It was recently renovated with a new boiler, heater, roof, and external brick repair. New surveillance cameras and iron doors were also added. The grounds of this complex are complemented with a classic iron fence and grassy common area in the front while each unit has access to parking in the rear of the building. It is an active community, surrounded by additional-like brick complexes, many of which are being renovated. This trending area is sought after by both young professionals and hard working residents because of its suburban feel with great access to major commuting lines and public transportation. With an urban working community, these turn-key apartments are in an attractive area just outside the major Detroit area.


Property Records

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Why Detroit?


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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