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.


15662 Manning St, Detroit, MI 48205

View Smart Contracts: Eth xDai

Total Investment: $ 67,524.10

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

    9.58%

    Not including capital appreciation

  • Income Start Date

    June 1, 2024
  • Income per Token

    $ 4.86 / year
  • Token Price

    $ 50.77
  • Total Tokens

    1,330

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

    15662 Manning St, Detroit, MI 48205
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Regent Park
  • Construction Year

    1946
  • Bedroom/Bath

    2 Beds / 1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 11,520.00
  • Gross Income / month

    $ 960.00
  • Monthly Costs

    - $ 421.00
    • Property Management (8.00%)
      - $ 76.80
    • RealT Platform (2.00%)
      - $ 19.20
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 125.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid
  • Net Income / month

    $ 539.00
  • Net Income / year

    $ 6,468.00
  • Total Investment

    $ 67,524.10
    • Underlying Asset Price
      $ 52,000.00
    • Sourcing Fee (10%)
      $ 6,752.41
    • Initial Maintenance Reserve
      $ 1,920.00
    • Initial Renovation Reserve
      $ 4,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 67,522.41
    • Rounding Difference
      $ 1.69
  • Expected Income

    9.58%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    5,357
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    960
  • Heating

    Gas / Forced Air
  • Building Class

    C
  • Renovated

    Partial

Blockchain

  • Identifier

    REALTOKEN-S-15662-MANNING-ST-DETROIT-MI
  • Total Tokens

    1330

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    April 4, 2024
  • Issuer

    RealToken International 15662 Manning St Inc
  • Min. Investment Amount

    $50.77
  • Max. Investment Amount

    $67,524.10
  • Amount Raised

    $67,524.10
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

A Tranquil Residence

Located within the tranquil Regent Park neighborhood, 15662 Manning provides a serene retreat for its tenants. This single-family brick residence features 2 bedrooms, 1 bathroom, and a detached 2-car garage, providing ample space and major convenience. Nearby places of interest include Regent Park and the Regent Park Scholars Charter Academy, offering opportunities for both recreation and education. The Heilmann Recreation Center at Regent Park, rebuilt in 2004, serves as a cornerstone for Eastside recreation, further enhancing the vibrant lifestyle of the community.

An Accessible Neighborhood

Regent Park, spanning a 76-block area on the northeastern border of the city, boasts a wide variety of traditional brick homes ranging from colonials to bungalows and ranches. Tree-lined streets and centrally located green spaces, such as Boulder-McGregor Park and the Heilmann Recreation Center, contribute to the neighborhood’s appeal. With major commercial corridors at Gratiot and Eight Mile, as well as Kelly and Eight Mile, residents enjoy easy access to shops, restaurants, and amenities. The neighborhood’s diversity is reflected in its community homeowners association, which fosters a strong sense of community pride and engagement.

A Favorable Opportunity

Token-holders can anticipate an expected income of 9.58%. Acquired for $52,000, Manning offers a favorable investment opportunity in an up-and-coming residential district in northeast Detroit. A renovation budget of $4,000 has been reserved for roof maintenance and painting, ensuring the property’s longevity. Its proximity to other RealT properties, including 15634 Liberal, 15894 Tacoma, 15800 Tacoma, and 15841 Coram, highlights the economies-of-scale strategy implemented by RealT to minimize management costs and maximize returns.

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 15:28 UTC

    RealT has sold 508 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].