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14599 Wisconsin St, Detroit, MI 48238

View Smart Contracts: Eth Gnosis

Total Investment: $ 66,326.00

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

    9.46%

    Not including capital appreciation

  • Income per Token

    $ 4.83 / year

  • Income Start Date

    June 1, 2024

  • Token Price

    $ 51.02

  • Total Tokens

    1,300

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

    14599 Wisconsin St, Detroit, MI 48238

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Chalfonte

  • Construction Year

    1937

  • Bedroom/Bath

    2 Beds / 1 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 11,040.00

  • Gross Rent / month

    $ 920.00

  • Monthly Costs

    - $ 397.00
    • Property Management (8.00%)
      - $ 73.60
    • RealT Platform (2.00%)
      - $ 18.40
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 105.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 523.00

  • Net Rent / year

    $ 6,276.00

  • Total Investment

    $ 66,326.00
    • Underlying Asset Price
      $ 50,000.00
    • Sourcing Fee (10%)
      $ 6,632.60
    • Initial Maintenance Reserve
      $ 1,840.00
    • Initial Renovation Reserve
      $ 5,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 66,322.60
    • Rounding Difference
      $ 3.40

  • Expected Income

    9.46%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    3,920

  • Foundation

    Masonry

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    1,032

  • Heating

    Gas / Forced Air

  • Cooling

    Air Conditioning

  • Building Class

    C

  • Renovated

    Partial

Blockchain

  • Identifier

    REALTOKEN-S-14599-WISCONSIN-ST-DETROIT-MI

  • Total Tokens

    1300

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    April 4, 2024

  • Issuer

    RealToken International 14599 Wisconsin St Inc

  • Min. Investment Amount

    $51.02

  • Max. Investment Amount

    $66,326.00

  • Amount Raised

    $66,326.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Recreational Surroundings

In the serene Chalfonte neighborhood of Detroit sits 14599 Wisconsin, a 2-story single-family brick residence equipped with 2 bedrooms and 1 bathroom in a comfortable 1,032 square feet. Nearby, we find Clinton Park and the Jack Adams Memorial Arena ice skating rink, which provide access to recreational activities and essential amenities, enhancing the quality of life for those who call it home.

Discover Chalfonte

Bordered by the bustling Livernois Avenue to the north and the equally well-traveled West Grand Boulevard to the east, Chalfonte boasts a strategic position that allows residents to enjoy the best of urban and suburban living. With notable schools like Frederick Douglass Academy, Spain Elementary, and Clippert Multicultural Magnet Honors Academy Middle School within reach, families have access to quality education options. Additionally, Clinton Park offers a range of recreational facilities, including playgrounds, basketball courts, and a swimming pool, ensuring there’s something for the whole family to enjoy.

Portfolio growth

Wisconsin offers a projected expected income of 9.46%. Acquired for $50,000, this property offers the potential for steady financial growth, and a renovation budget of $5,000 has been allocated for brick/siding maintenance and painting, enhancing the property’s aesthetic appeal and market value. Its proximity to other RealT properties, including 14839 Wisconsin, 14606 Kentucky, and 14872 Ilene, emphasizes the economies-of-scale strategy used by RealT, which allows us to provide strong, sustainable portfolio growth, maximizing efficiency and amplifying returns for investors.

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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