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14654 Hubbell St, Detroit, MI 48227

View Smart Contracts: Eth xDai

Total Investment: $ 83,292.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Property Highlights

  • Token Type

    Standard Equity

  • Expected Income

    9.14%

    Not including capital appreciation

  • Income Start Date

    August 15, 2024

  • Income per Token

    $ 4.61 / year

  • Token Price

    $ 50.48

  • Total Tokens

    1,650

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

    14654 Hubbell St, Detroit, MI 48227

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Hubbell - Lyndon

  • Construction Year

    1928

  • Bedroom/Bath

    3 Beds / 1.5 Baths

  • Rental Type

    Long Term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 12,660.00

  • Gross Income / month

    $ 1,055.00

  • Monthly Costs

    - $ 420.50
    • Property Management (8.00%)
      - $ 84.40
    • RealT Platform (2.00%)
      - $ 21.10
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 110.00
    • Insurance
      - $ 85.00
    • Utilities
      Tenant-paid

  • Net Income / month

    $ 634.50

  • Net Income / year

    $ 7,614.00

  • Total Investment

    $ 83,292.00
    • Underlying Asset Price
      $ 58,000.00
    • Sourcing Fee (10%)
      $ 8,329.20
    • Initial Maintenance Reserve
      $ 2,110.00
    • Initial Renovation Reserve
      $ 12,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 83,289.20
    • Rounding Difference
      $ 2.80

  • Expected Income

    9.14%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,356

  • Foundation

    Masonry

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    1,344

  • Heating

    Gas / Forced Air not Ducted

  • Building Class

    C

  • Renovated

    Yes

  • Property Manager

    New Detroit Property Management

Blockchain

  • Identifier

    REALTOKEN-S-14654-HUBBELL-ST-DETROIT-MI

  • Total Tokens

    1650

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    June 7, 2024

  • Issuer

    RealToken International 14654 Hubbell St Inc

  • Min. Investment Amount

    $50.48

  • Max. Investment Amount

    $83,292.00

  • Amount Raised

    $83,292.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Charming Tudor-Style Home

Welcome to 14654 Hubbell, a lovely 2-story single-family brick Tudor-style home situated on a 4,356 square-foot lot. This home offers a comfortable living space for families with its 3 bedrooms and 1.5 bathrooms. Located in the Hubbell-Lyndon neighborhood, the residence is close to the Sawyer Playground and the Calvary United Methodist Church, offering neighborhood amenities. The temporary wood protection on the entrance has been installed purposely to deter squatters during the property’s ownership transition.

Quaint and Welcoming

The Hubbell-Lyndon neighborhood, conveniently located off Grand River Avenue, is a serene area about 10 miles from downtown Detroit. Known for its unique architecture and well-kept lawns, the neighborhood is a popular choice for first-time homebuyers. Residents take pride in their homes, and can often be seen tending to their gardens or chatting with neighbors. The area features a mix of whimsical Tudor Revival homes, stately Colonials, and simple Cape Cods. Sidewalk-lined streets, neatly edged lawns, and close-knit community vibes define this friendly neighborhood.

Strategic Asset Management

Hubbell token-holders will receive an expected income of 9.14%. The property was acquired for $58,000, with a renovation budget of $12,000 dedicated to maintaining its charm and structural integrity. This home is part of RealT’s broader economies-of-scale strategy, which includes nearby properties like 14102 Marlowe, 14231 Strathmoor, and 14329 Strathmoor. By concentrating properties in the same area, RealT effectively reduces maintenance expenses and enhances overall returns.

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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