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12050 Bryden St, Detroit, MI 48204

View Smart Contracts: Eth xDai

Total Investment: $ 1,007,200.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.76%

    Not including capital appreciation

  • Rent per Token

    $ 4.92 / year
  • Rent Start Date

    March 1, 2023
  • Token Price

    $ 50.36
  • Total Tokens

    20,000

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

    Multi Family
  • Full Address

    12050 Bryden St, Detroit, MI 48204
  • Neighborhood

    Oakman
  • Construction Year

    1954
  • Stories

    2 Stories
  • Total Units

    22 Units
  • Bedroom/Bath

    22x1 Bed / 22x1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Section 8?

    No

Property Financials

  • Gross Rent / year

    $ 165,000.00
  • Gross Rent / month

    $ 13,750.00
  • Monthly Costs

    - $ 5,555.00
    • Property Management (8.00%)
      - $ 1,100.00
    • RealT Platform (2.00%)
      - $ 275.00
    • Maintenance Expenses
      - $ 800.00
    • Property Taxes
      - $ 990.00
    • Insurance
      - $ 390.00
    • Utilities
      - $ 2,000.00
  • Net Rent / month

    $ 8,195.00
  • Net Rent / year

    $ 98,340.00
  • Total Investment

    $ 1,007,200.00
    • Underlying Asset Price
      $ 843,000.00
    • Operating Expense Reimbursement (10%)
      $ 100,722.22
    • Initial Maintenance Reserve
      $ 27,500.00
    • Initial Renovation Reserve
      $ 35,000.00
    • Administrative Fees
      $ 1,000.00
    • Unrounded Listing Price
      $ 1,007,222.22
    • Rounding Difference
      - $ 22.22
  • Expected Income

    9.76%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    16,117
  • Foundation

    Concrete Slab
  • Exterior Walls

    Brick
  • Roof Type

    Shingles
  • Parking

    Street parking
  • Interior Size (sqft)

    11,544
  • Heating

    Radiant electric baseboards
  • Cooling

    None
  • Building Class

    C
  • Renovated

    Partial
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-12050-BRYDEN-ST-DETROIT-MI
  • Total Tokens

    20000

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    January 26, 2023
  • Issuer

    RealToken International 12050 Bryden St Inc
  • Min. Investment Amount

    $50.36
  • Max. Investment Amount

    $1,007,200.00
  • Amount Raised

    $1,007,200.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

12050 Bryden

This week we are pleased to be able to offer you a true “bread-and-butter” property.  For those who are just joining us, that means a great purchase price, low renovations, good tenants, and an attractive structured expected income (9.76%) from stable rents month after month.

12050 Bryden is a 22-unit multi-family built in 1954.  Together with our acquisition of 3510 Ewald Circle, 3588 Oakman, 12405 Santa Rosa, 13245 Monica and 5517-5519 Elmhurst, this property continues our strategy of creating economies of scale close to Highland Park. This neighborhood is known for its concentration of universities where our tenants can work as cleaners, guards, and other laborers. Bryden is also close to a common thoroughfare, allowing our tenants to move around comfortably.

We have budgeted $ 35,000 to replace the four balcony beams ($12,000), replace the carpet, repaint, and upgrade the common areas.

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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