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16007 Nelacrest Rd, East Cleveland, OH 44112

View Smart Contracts: Eth xDai

Total Investment: $ 360,864.00

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

    12.37%

    Not including capital appreciation

  • Income Start Date

    April 1, 2022
  • Income per Token

    $ 6.20 / year
  • Token Price

    $ 50.12
  • Total Tokens

    7,200

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

    Multi Family
  • Full Address

    16007 Nelacrest Rd, East Cleveland, OH 44112
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    East Cleveland
  • Construction Year

    1954
  • Stories

    2 Stories
  • Total Units

    8 Units
  • Bedroom/Bath

    4x2, 4x1 Bed / 8x1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 64,800.00
  • Gross Income / month

    $ 5,400.00
  • Monthly Costs

    - $ 1,680.00
    • Property Management (8.00%)
      - $ 432.00
    • RealT Platform (2.00%)
      - $ 108.00
    • Maintenance Expenses
      - $ 240.00
    • Property Taxes
      - $ 250.00
    • Insurance
      - $ 150.00
    • Utilities
      - $ 500.00
  • Net Income / month

    $ 3,720.00
  • Net Income / year

    $ 44,640.00
  • Total Investment

    $ 360,864.00
    • Underlying Asset Price
      $ 305,000.00
    • Sourcing Fee (10%)
      $ 36,088.89
    • Initial Maintenance Reserve
      $ 9,800.00
    • Initial Renovation Reserve
      $ 10,000.00
    • Unrounded Listing Price
      $ 360,888.89
    • Rounding Difference
      - $ 24.89
  • Expected Income

    12.37%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    16,117
  • Foundation

    Slab
  • Exterior Walls

    Brick
  • Roof Type

    Composition Shingle
  • Parking

    4 covered garages; 4 outdoor spaces
  • Interior Size (sqft)

    6,734
  • Heating

    Forced Air / Natural Gas
  • Cooling

    None
  • Renovated

    Good Condition
  • Property Manager

    ORG Rentals, LLC

Blockchain

  • Identifier

    REALTOKEN-S-16007-NELACREST-RD-EAST-CLEVELAND-OH
  • Total Tokens

    7200

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    March 17, 2022
  • Issuer

    RealToken International 16007 Nelacrest Rd, East Cleveland, OH 44112 Inc
  • Min. Investment Amount

    $50.12
  • Max. Investment Amount

    $360,864.00
  • Amount Raised

    $360,864.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

16007 Nelacrest

Shade trees line the front of this mid-1950s two-story brick charmer. The beautiful brickwork, well-maintained roof, and well-lit exterior combine with accents like frosted block privacy windows to make Nelacrest an appealing place to call home.

Nelacrest houses eight units in two stories, and offers its tenants four covered two-car garages along with its four outdoor parking spaces — a great convenience in the snowy Midwest winter! The front of the building also enjoys a small green space where tenants gather on sunny days year-round. Built in an era renowned for its quality and maintained through the years, we expect Nelacrest to be a low-maintenance property with a consistent yield and happy tenants.

Map

Property Records

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Why Cleveland?

Invest Right

Cleveland’s robust economy traces its roots to the early 20th century, when it thrived as the sixth-largest city in the United States, with a population of just under one million residents. Its growth was fueled by its role as a port city connected to the Atlantic Ocean through the Saint Lawrence Seaway. Its economic landscape is diverse, including sectors such as higher education, manufacturing, financial services, healthcare, and biomedical technology.

Cleveland’s real estate market is characterized by steady home appreciation, making it one of the US markets least susceptible to price fluctuations. This resilience is sustained by factors such as its strategic location near rail and water routes, coupled with abundant natural resources like iron and oil. The city’s neighborhoods showcase a blend of historic architecture and modern developments, contributing to a contemporary and welcoming atmosphere.

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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