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15860 Steel Ave, Detroit, MI 48227

View Smart Contracts: Eth xDai

Total Investment: $ 138,545.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Token Type

    Standard Equity
  • Expected Income


    Not including capital appreciation

  • Income Start Date

    February 1, 2024
  • Income per Token

    $ 5.24 / year
  • Token Price

    $ 50.38
  • 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

  • Full Address

    15860 Steel Ave, Detroit, MI 48227
  • Country

  • Source

  • Neighborhood

    Bethune Community
  • Construction Year

  • Total Units

    2 Units
  • Bedroom/Bath

    2x2 Beds / 2x1 Baths
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?


Property Financials

  • Gross Income / year

    $ 21,600.00
  • Gross Income / month

    $ 1,800.00
  • Monthly Costs

    - $ 600.00
    • Property Management (8.00%)
      - $ 144.00
    • RealT Platform (2.00%)
      - $ 36.00
    • Property Taxes
      - $ 180.00
    • Insurance
      - $ 130.00
    • Utilities
      - $ 110.00
  • Net Income / month

    $ 1,200.00
  • Net Income / year

    $ 14,400.00
  • Total Investment

    $ 138,545.00
    • Underlying Asset Price
      $ 98,000.00
    • Sourcing Fee (10%)
      $ 13,855.56
    • Initial Maintenance Reserve
      $ 3,600.00
    • Initial Renovation Reserve
      $ 20,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 600.00
    • Unrounded Listing Price
      $ 138,555.56
    • Rounding Difference
      - $ 10.56
  • Expected Income


    Not including capital appreciation

Property Details

  • Lot Size (sqft)

  • Foundation

  • Exterior Walls

  • Roof Type

  • Interior Size (sqft)

  • Heating

    Forced Air w/o Ducts
  • Building Class

  • Property Manager

    Mutual Property Management LLC


  • Identifier

  • Total Tokens


Gnosis Chain


Test Renovation content!

Offering Details

  • Offering Date

    December 7, 2023
  • Issuer

    RealToken International 15860 Steel Ave Inc
  • Min. Investment Amount

  • Max. Investment Amount

  • Amount Raised

  • Offering Percent (of Total Tokens)


About the Property

15860 Steel

15860 Steel is a conveniently-situated duplex with 2 units, each including 2 bedrooms and 1 bathroom. With a combined 2,466 square feet of living area and a 3,833-square-foot lot, this property offers enough space for comfortable living.

Located in the center of the Bethune Community, Steel combines a small-town feel with big-city comforts. The neighborhood offers a convenient cost of living and is distinguished by its compact, gridded streets. Due to its proximity to the upcoming commercial development on the West Side, the neighborhood is becoming an increasingly desirable place to live. The Veterans Center and the St. Peter Claver Catholic Parish are two noteworthy local landmarks.

This duplex is located near our multiple sold-out properties, which strategically optimizes maintenance expenses and collectively enhances property values for all locations.

15860 Steel offers an excellent 10.39% expected rental income, and was purchased for a favorable $98,000. The listing price includes a thoughtful $20,000 renovation budget. While the properties are vacant, significant construction and renovation work has been completed. The remaining budget will be dedicated to essential tasks such as brick upkeep, entry enhancements, and deferred maintenance.


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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