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16049-16081 E Seven Mile, Detroit, MI 48205

View Smart Contracts: Eth xDai

Total Investment: $ 565,434.00

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

    August 1, 2023
  • Income per Token

    $ 4.97 / year
  • Token Price

    $ 50.94
  • 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

    Multi Family
  • Full Address

    16049-16081 E Seven Mile, Detroit, MI 48205
  • Country

  • Source

  • Neighborhood

    Regent Park
  • Construction Year

  • Total Units

    10 Units
  • Bedroom/Bath

    10x2 Bed / 10x1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?


Property Financials

  • Gross Income / year

    $ 104,640.00
  • Gross Income / month

    $ 8,720.00
  • Monthly Costs

    - $ 4,122.00
    • Property Management (8.00%)
      - $ 697.60
    • RealT Platform (2.00%)
      - $ 174.40
    • Maintenance Expenses
      - $ 800.00
    • Property Taxes
      - $ 990.00
    • Insurance
      - $ 210.00
    • Utilities
      - $ 1,250.00
  • Net Income / month

    $ 4,598.00
  • Net Income / year

    $ 55,176.00
  • Total Investment

    $ 565,434.00
    • Underlying Asset Price
      $ 475,000.00
    • Sourcing Fee (10%)
      $ 56,548.89
    • Initial Maintenance Reserve
      $ 17,440.00
    • Initial Renovation Reserve
      $ 15,000.00
    • Administrative Fees
      $ 1,500.00
    • Unrounded Listing Price
      $ 565,488.89
    • Rounding Difference
      - $ 54.89
  • Expected Income


    Not including capital appreciation

Property Details

  • Lot Size (sqft)

  • Foundation

    Masonry Block
  • Exterior Walls

  • Roof Type

  • Interior Size (sqft)

  • Heating

    Forced Air / Gas
  • Cooling

  • Building Class

  • Renovated

  • Property Manager

    Mutual Property Management LLC


  • Identifier

  • Total Tokens


Gnosis Chain


Test Renovation content!

Offering Details

  • Offering Date

    June 23, 2023
  • Issuer

    RealToken International 16049-16081 E Seven Mile Rd Inc
  • Min. Investment Amount

  • Max. Investment Amount

  • Amount Raised

  • Offering Percent (of Total Tokens)


About the Property

16049-16081 E Seven Mile

Introducing 16049-16081 E Seven Mile, a remarkable multi-family residence that exemplifies RealT’s commitment to excellence in tokenized real estate investment.

This property falls under the category of “RealT’s bread and butter,” as coined by our very own Remy. It embodies our core principles: an attractive purchase price, minimal renovations, reliable tenants, and an expected rental income of 9.76%, ensuring stable rents month after month.

Built in 1947, it enjoys perfect shade during the warm Michigan summers, creating a comfortable living environment. What’s more, it shares the same street as 15611 E Seven Mile and our recently tokenized 10-unit multi-family property, 16085 E Seven Mile, forming a dynamic investment opportunity within a concentric circle of growth.

What sets this property apart is the culmination of over nine months of negotiations. Despite market fluctuations, we successfully secured this property at an exceptional price, only $15,000 higher than a year ago—a remarkable achievement that helps us continue to build our economies of scale.


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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