It looks like you’re in the U.S.

Thank you for your interest in RealT. We’re currently working on a new offering for U.S. persons that is not yet ready for distribution. It’s coming soon – register and we’ll be sure to notify you when it’s ready!

We appreciate your understanding as we continue to redefine real estate investing around the globe.

1630 E State Fair Ave, Detroit, MI 48203

View Smart Contracts: Eth xDai

Total Investment: $ 590,708.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Property Highlights

  • Expected Income


    Not including capital appreciation

  • Income Start Date

    May 23, 2022
  • Income per Token

    $ 7.17 / year
  • Token Price

    $ 50.06
  • 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

    1630 E State Fair Ave, Detroit, MI 48203
  • Country

  • Source

  • Neighborhood

  • Construction Year

  • Stories

    2 Stories
  • Total Units

    16 Units
  • Bedroom/Bath

    16x1 Bed / 16x1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?


Property Financials

  • Gross Income / year

    $ 125,520.00
  • Gross Income / month

    $ 10,460.00
  • Monthly Costs

    - $ 3,406.00
    • Property Management (8.00%)
      - $ 836.80
    • RealT Platform (2.00%)
      - $ 209.20
    • Maintenance Expenses
      - $ 1,000.00
    • Property Taxes
      - $ 250.00
    • Insurance
      - $ 260.00
    • Utilities
      - $ 850.00
  • Net Income / month

    $ 7,054.00
  • Net Income / year

    $ 84,648.00
  • Total Investment

    $ 590,708.00
    • Underlying Asset Price
      $ 500,000.00
    • Sourcing Fee (10%)
      $ 59,066.67
    • Initial Maintenance Reserve
      $ 16,600.00
    • Initial Renovation Reserve
      $ 15,000.00
    • Unrounded Listing Price
      $ 590,666.67
    • Rounding Difference
      $ 41.33
  • Expected Income


    Not including capital appreciation

Property Details

  • Lot Size (sqft)

  • Foundation

    Poured Concrete
  • Exterior Walls

    Poured Concrete
  • Roof Type

    Asphalt / Hip Style
  • Parking

    16 spaces
  • Interior Size (sqft)

  • Heating

    Forced Air / Natural Gas
  • Cooling


Test Renovation content!

Offering Details

  • Offering Date

    April 21, 2022
  • Issuer

    RealToken International 1630 E State Fair Ave., Detroit, MI 48203 Inc
  • Min. Investment Amount

  • Max. Investment Amount

  • Amount Raised

  • Offering Percent (of Total Tokens)


About the Property

1630 E State Fair

This lovely brick multi-family is the twin of the 1610 E State Fair property next door. Both are classic RealT bread-and-butter properties, acquired in the same deal as 19750 and 19751 Marx. These 4 properties are all located on the same street, which allows for an economy of scale on renovations and maintenance. In addition, a renovation on one property increases the value of the neighborhood, and therefore the value of the other properties!

Built in 1957, this multi-family has 16 fully-rented units and 16 parking spaces. As you can see on the map, this property is located close to Nolan Elementary-Middle School, 2 churches, a medical center, and a Dollar General Store where all items are between $1 and $5, which fits into our tenants’ budgets. The nearby school and churches help us to find and keep more responsible tenants as well. The pictures show the pristine condition of the roof and mechanical room, and we anticipate very little in the way of maintenance for this property.

However, we intend to invest a renovation budget of $15,000 into 1630 E State Fair for beautification and improvements to quality-of-life. This will be divided into 2 parts.

$4,825.00 will be used shortly for:

  • Parking Lot: $1,250.00
  • Units: $3,625.00

The second part of the budget will be used in synergy with the budget for 1610 E State Fair to develop the surrounding land. Half the land will be used to create new parking spaces, and the other half will be transformed into a fenced grassy community space where all tenants can meet for barbecue and games. After these improvements, we expect to increase rents.


Property Records

Please sign in to view property records. Sign In >

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.

Previous Properties

No Previous Properties were found for your area. US persons can only view US-only properties, and non-US persons can only view Non-US properties. If you believe you're seeing this message in error, please contact us via chat in the lower right corner of the website!
It looks like there are no previous properties at this time.
To improve site performance, the previous property query has been temporarily disabled until 08:39 UTC

    RealT has sold 508 other properties to investors around the world!

    For more information about these properties, please contact us via chat in the lower right corner of your screen, or email us at [email protected].