It looks like you’re in the U.S.

Thank you for your interest in RealT. We’re currently working on a new offering for U.S. persons that is not yet ready for distribution. It’s coming soon – register and we’ll be sure to notify you when it’s ready!

We appreciate your understanding as we continue to redefine real estate investing around the globe.

1389 Bird Ave, Birmingham, MI 48009

View Smart Contracts: Eth xDai
High-End Corporate Rental

Total Investment: $ 880,075.00

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

    7.83%

    Not including capital appreciation

  • Rent per Token

    $ 3.94 / year

  • Rent Start Date

    February 1, 2022

  • Token Price

    $ 50.29

  • Total Tokens

    17,500

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

    1389 Bird Ave, Birmingham, MI 48009

  • Neighborhood

    Birmingham

  • Construction Year

    2004

  • Bedroom/Bath

    3 Bed / 2.5 Bath (14 rooms total!)

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 99,000.00

  • Gross Rent / month

    $ 8,250.00

  • Monthly Costs

    - $ 2,509.50
    • Property Management (5.00%)
      - $ 412.50
    • RealT Platform (2.00%)
      - $ 165.00
    • Maintenance Expenses
      - $ 500.00
    • Property Taxes
      - $ 1,082.00
    • Insurance
      - $ 350.00

  • Net Rent / month

    $ 5,740.50

  • Net Rent / year

    $ 68,886.00

  • Total Investment

    $ 880,075.00
    • Underlying Asset Price
      $ 780,000.00
    • Operating Expense Reimbursement (10%)
      $ 88,000.00
    • Initial Maintenance Reserve
      $ 12,000.00
    • Unrounded Listing Price
      $ 880,000.00
    • Rounding Difference
      $ 75.00

  • Expected Income

    7.83%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,792

  • Foundation

    Poured Concrete

  • Exterior Walls

    Wood / Concrete

  • Roof Type

    Asphalt

  • Parking

    2 Detached Garages (with studio on top)

  • Interior Size (sqft)

    2,727

  • Heating

    Natural Gas

  • Cooling

    Central

  • Furniture

    Fully Furnished

Blockchain

  • Identifier

    REALTOKEN-S-1389-BIRD-AVE-BIRMINGHAM-MI

  • Total Tokens

    17500

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    January 10, 2022

  • Issuer

    RealToken LLC - Series #184 - 1389 Bird

  • Min. Investment Amount

    $50.29

  • Max. Investment Amount

    $880,075.00

  • Amount Raised

    $880,075.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

1389 Bird

Isn’t she gorgeous? Bird is our first high-end corporate rental property, located in the upscale Detroit suburb of Birmingham. A picture-perfect home with beautiful landscaping, fully-furnished new construction, and a safe neighborhood, Bird is everything a company could want in a medium-to-long-term rental.

We have already secured a 2-year lease for Bird, so we consider it a standard long-term rental property that should provide a solid, stable income that helps diversify your portfolio.

Map

Property Records

Please sign in to view property records. Sign In >

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.

Previous Properties

No Previous Properties were found for your area. US persons can only view US-only properties, and non-US persons can only view Non-US properties. If you believe you're seeing this message in error, please contact us via chat in the lower right corner of the website!
It looks like there are no previous properties at this time.
To improve site performance, the previous property query has been temporarily disabled until 07:27 UTC

    RealT has sold 290 other properties to investors around the world!

    For more information about these properties, please contact us via chat in the lower right corner of your screen, or email us at [email protected].