16200 Fullerton Ave, Detroit, MI 48227
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Property Highlights
-
Expected Yield
12.76% -
Gross Rent
$99,600 / year -
Rent per Token
$20.65 / year -
Total Tokens
3,800 -
Property Type
Apartment -
Neighborhood
Orchard Grove Park -
Square Feet
14,400 -
Has Tenants?
Yes
All financial statements of property yield are best estimates based on current conditions, and can change at any time.
We are targeting the above equity multiple 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.
Financials
-
Gross Rent / month
$8,300.00 -
Monthly Costs
- $1,761.67-
Property Management (5.00%)
- $415.00 -
RealT Platform (2.00%)
- $166.00 -
Property Taxes
- $714.00 -
Insurance
- $466.67 -
Utilities
Tenant-paid
-
-
Net Rent / month
$6,538.33 -
Net Rent / year
$78,459.96 -
Asset Price
$615,000.00 -
Expected Yield
12.76%
About the Property
Right in the heart of the revitalization of Detroit, 16200 Fullerton is a 15-unit apartment building that has undergone comprehensive renovations in 2019, and now is a stabilized, income-producing asset with vetted tenants. 16200 Fullerton is a high income-producing property, and due to its recent renovations, is positioned to be a low-maintenance property, with minimal vacancy rates.
Located near to Ford’s new factory, 16200 Fullerton is well-suited to capture the regrowth of Detroit’s manufacturing industry. With its 1.2-million-square-foot campus, focused on electric and self-driving vehicles, Ford estimates it will generate 5,000 new jobs in the local area. Also found nearby are local schools and businesses, putting the Fullerton apartments at the center of economic activity in Detroit. Just a few minutes outside of downtown, Fullerton is a great place for those who want access to the city life while still enjoying residential, quiet side of the industrial city.
Map
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.