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15440-15444 St Clair Ave, Cleveland, OH 44110

View Smart Contracts: Eth xDai

Total Investment: $ 223,155.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    11.16%

    Not including capital appreciation

  • Rent per Token

    $ 5.54 / year

  • Rent Start Date

    December 13, 2021

  • Token Price

    $ 49.59

  • Total Tokens

    4,500

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

    Mixed-Use

  • Full Address

    15440-15444 St Clair Ave, Cleveland, OH 44110

  • Neighborhood

    South Collinwood

  • Construction Year

    1923

  • Total Units

    5 Units

  • Bedroom/Bath

    3 Retail / 2x2 Bed / 2 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 35,040.00

  • Gross Rent / month

    $ 2,920.00

  • Monthly Costs

    - $ 844.00
    • Property Management (8.00%)
      - $ 233.60
    • RealT Platform (2.00%)
      - $ 58.40
    • Maintenance Expenses
      - $ 200.00
    • Property Taxes
      - $ 192.00
    • Insurance
      - $ 110.00
    • Utilities
      - $ 50.00

  • Net Rent / month

    $ 2,076.00

  • Net Rent / year

    $ 24,912.00

  • Total Investment

    $ 223,155.00
    • Underlying Asset Price
      $ 160,000.00
    • Operating Expense Reimbursement (10%)
      $ 22,315.56
    • Initial Maintenance Reserve
      $ 5,840.00
    • Initial Renovation Reserve
      $ 35,000.00
    • Unrounded Listing Price
      $ 223,155.56
    • Rounding Difference
      - $ 0.56

  • Expected Income

    11.16%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    5,628

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Parking

    6 covered garages

  • Interior Size (sqft)

    7,245

  • Heating

    Hot Water / Steam

  • Cooling

    Central A/C

Test Renovation content!

Offering Details

  • Offering Date

    December 1, 2021

  • Issuer

    RealToken LLC - Series #!74 - 15440-15444 St Clair

  • Min. Investment Amount

    $49.59

  • Max. Investment Amount

    $223,155.00

  • Amount Raised

    $223,155.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

15440-15442 St Clair

This lovely mixed-use building is in an excellent location on a corner lot in a well-kept neighborhood of Cleveland, OH. This property includes two rental apartments on the second floor with 2 bedrooms, formal dining room, living room, kitchen and bath; both units are occupied by long term tenants. The ground floor has 3 separate store fronts that are also rented with great curb appeal.

This well maintained brick building has a renovation budget of $35,000 that will include roof repair, new electrical panel and aesthetic improvements. In addition, there are six covered garages and a full basement with a new boiler system.

Map

Property Records

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Why Cleveland?

Invest Right

Cleveland is a city transformed. Once dependent on the manufacturing industry for its prosperity, this vibrant midwest city has reinvented its economy and diversified into a myriad of industries including service, high-tech, blue- and white-collar employment. This makes the city stronger overall, and poised for growth wherever the future takes it.

Cleveland’s recent building boom is driven by its excellent rental market and the growing tourism and convention industry, and it has been identified as a top location for college graduates to start their careers. Add to that the natural beauty of Lake Erie’s southern shore, the Rock and Roll Hall of Fame, one of the world’s finest orchestras, and lively major-league sports teams, and it’s easy to see why Cleveland is the place to be.

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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