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16165 Griggs St, Detroit, MI 48221

View Smart Contracts: Eth xDai

Total Investment: $ 95,824.70

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

    July 15, 2024
  • Income per Token

    $ 4.71 / year
  • Token Price

    $ 50.17
  • 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

    Single Family
  • Full Address

    16165 Griggs St, Detroit, MI 48221
  • Country

  • Source

  • Neighborhood

    Fitzgerald - Marygrove
  • Construction Year

  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?


Property Financials

  • Gross Income / year

    $ 14,400.00
  • Gross Income / month

    $ 1,200.00
  • Monthly Costs

    - $ 450.00
    • Property Management (8.00%)
      - $ 96.00
    • RealT Platform (2.00%)
      - $ 24.00
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 130.00
    • Insurance
      - $ 80.00
    • Utilities
  • Net Income / month

    $ 750.00
  • Net Income / year

    $ 9,000.00
  • Total Investment

    $ 95,824.70
    • Underlying Asset Price
      $ 77,000.00
    • Sourcing Fee (10%)
      $ 9,582.47
    • Initial Maintenance Reserve
      $ 2,400.00
    • Initial Renovation Reserve
      $ 4,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 95,832.47
    • Rounding Difference
      - $ 7.77
  • Expected Income


    Not including capital appreciation

Property Details

  • Lot Size (sqft)

  • Foundation

  • Exterior Walls

  • Roof Type

  • Interior Size (sqft)

  • Heating

    Gas / Forced Air
  • Building Class

  • Renovated

  • Property Manager

    New Detroit Property Management


  • Identifier

  • Total Tokens


Gnosis Chain


Test Renovation content!

Offering Details

  • Offering Date

    May 16, 2024
  • Issuer

    RealToken International 16165 Griggs St Inc
  • Min. Investment Amount

  • Max. Investment Amount

  • Amount Raised

  • Offering Percent (of Total Tokens)


About the Property

A Welcoming Home

Welcome to 16165 Griggs, a single-family home located in Detroit’s Fitzgerald-Marygrove neighborhood. This residence offers 3 bedrooms, 1 bathroom, and 1,200 square feet of living space on a 3,789 square-foot lot. With its welcoming layout and cozy atmosphere, 16165 Griggs is perfect for families seeking a comfortable and convenient home.

A Vibrant Neighborhood

The Fitzgerald-Marygrove neighborhood is rich in community amenities and points of interest. The CCCF Community Center & Event Space provides a hub for social gatherings and events, while the Missionary Temple Church of God in Christ offers a place for spiritual growth and community involvement. Easy access to the John C. Lodge Freeway ensures convenient travel to other parts of the city, enhancing the overall living experience.

An Attractive Opportunity

16165 Griggs stands out as a promising investment with an expected yearly income of 9.39%. Priced at $95,824.70 and with a $4,000 renovation budget, this property is structured to generate good returns. Its strategic location near other RealT properties like 16520 Ilene and 7109-7111 Pilgrim enables efficient management and resource optimization, ensuring the investment remains both profitable and sustainable.


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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