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14409 Linnhurst St, Detroit, MI 48205

View Smart Contracts: Eth Gnosis

Total Investment: $ 1,153,680.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    8.04% Partially Rented

    Not including capital appreciation

  • Income per Token

    $ 4.03 / year
  • Income Start Date

    July 15, 2022
  • Token Price

    $ 50.16
  • 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

    14409 Linnhurst St, Detroit, MI 48205
  • Country

  • Source

  • Neighborhood

  • Construction Year

  • Stories

    3 Stories
  • Total Units

    23 Units
  • Bedroom/Bath

    16x1 ; 5x2 ; 1xStudio Bed / 23x1 Bath
  • Rental Type

  • Rented?

    20 / 23 Units
  • Rent Subsidy?


Property Financials

  • Gross Rent / year

    $ 188,400.00
  • Gross Rent / month

    Partially Rented $ 15,700.00
  • Monthly Costs

    - $ 7,971.00
    • Property Management (8.00%)
      - $ 1,256.00
    • RealT Platform (2.00%)
      - $ 314.00
    • Maintenance Expenses
      - $ 1,000.00
    • Property Taxes
      - $ 2,192.00
    • Insurance
      - $ 425.00
    • Utilities
      - $ 2,784.00
  • Net Rent / month

    $ 7,729.00
  • Net Rent / year

    $ 92,748.00
  • Total Investment

    $ 1,153,680.00
    • Underlying Asset Price
      $ 972,000.00
    • Sourcing Fee (10%)
      $ 115,375.56
    • Initial Maintenance Reserve
      $ 35,880.00
    • Initial Renovation Reserve
      $ 30,000.00
    • Administrative Fees
      $ 500.00
    • Unrounded Listing Price
      $ 1,153,755.56
    • Rounding Difference
      - $ 75.56
  • Expected Income

    Partially Rented 8.04%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

  • Foundation

    Poured Concrete / Basement
  • Exterior Walls

  • Roof Type

  • Parking

    Street Parking
  • Interior Size (sqft)

  • Heating

    Steam Radiator
  • Cooling

  • Building Class

  • Renovated

    Well Maintained
  • Property Manager

    Investors Property Management Detroit LLC


  • Identifier

  • Total Tokens


Gnosis Chain


Test Renovation content!

Offering Details

  • Offering Date

    June 15, 2022
  • Issuer

    RealToken 14409 Linnhurst St Detroit MI 48205 Inc
  • Min. Investment Amount

  • Max. Investment Amount

  • Amount Raised

  • Offering Percent (of Total Tokens)


About the Property

14409 Linnhurst

Just look at that architecture! Built in 1928, this beautiful brick multi-family shows classic styling from the prewar period, including mature landscaping, trees, and statuary. Linnhurst hosts 23 fully-rented units, and ticks all the boxes for a RealT community and family-oriented property, having been acquired at a good price and offering stable rents month after month. This property is also located on the east side of the city, where we already have an interesting presence at 13041 Hayes, 15203 Park Grove St, and 14882 Troester St.

Linnhurst is a 15-minute drive to the neighborhoods of Grosse Pointe Park, Grosse Pointe and Grosse Pointe Farms, where you’ll find many luxury properties. Our tenants can work in these properties as cleaners, gardeners, and maintenance workers.

To improve quality of life for our tenants, we have budgeted $30,000 in renovations:

  • $14,500: Roof
  • $2,875: Roof Drainage
  • $8,250: Sewer Drain Repair
  • $2,160: Refresh unit 5, unit 7, unit 11, unit 12
  • $1,750: Repair concrete front walkway exterior
  • $465: Other


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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