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18014 North Blvd, Maple Heights, OH 44137

View Smart Contracts: Eth Gnosis

Total Investment: $ 121,224.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.70%

    Not including capital appreciation

  • Income per Token

    $ 4.90 / year
  • Income Start Date

    April 1, 2024
  • Token Price

    $ 50.51
  • Total Tokens

    2,400

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

    18014 North Blvd, Maple Heights, OH 44137
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Maple Heights
  • Construction Year

    1948
  • Bedroom/Bath

    4 Beds / 1.5 Baths
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 19,800.00
  • Gross Rent / month

    $ 1,650.00
  • Monthly Costs

    - $ 670.00
    • Property Management (8.00%)
      - $ 132.00
    • RealT Platform (2.00%)
      - $ 33.00
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 310.00
    • Insurance
      - $ 75.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 980.00
  • Net Rent / year

    $ 11,760.00
  • Total Investment

    $ 121,224.00
    • Underlying Asset Price
      $ 100,000.00
    • Sourcing Fee (10%)
      $ 12,122.40
    • Initial Maintenance Reserve
      $ 3,300.00
    • Initial Renovation Reserve
      $ 3,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 121,222.40
    • Rounding Difference
      $ 1.60
  • Expected Income

    9.70%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    12,898
  • Foundation

    Masonry
  • Exterior Walls

    Stone / Frame
  • Roof Type

    Asphalt / Shingle
  • Interior Size (sqft)

    1,335
  • Heating

    Gas / Forced Air
  • Cooling

    AC
  • Building Class

    C
  • Renovated

    Yes / Partial

Blockchain

  • Identifier

    REALTOKEN-S-18014-NORTH-BLVD-MAPLE-HEIGHTS-OH
  • Total Tokens

    2400

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    January 18, 2024
  • Issuer

    RealToken International 18014 North Blvd Inc
  • Min. Investment Amount

    $50.51
  • Max. Investment Amount

    $121,224.00
  • Amount Raised

    $121,224.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Tranquil Living in Maple Heights

18014 North is a two-story single-family home in Maple Heights, Ohio consisting of 4 bedrooms and 1.5 bathrooms in a living space of 1,335 square feet, all on an ample 12,898 square-foot lot. This home boasts both indoor and outdoor spaces for the family to enjoy, surrounded by lush greenery and stone bungalows. Included is an attached one-car garage and a large garden space, enhancing the living experience for its tenants. 18014 North is conveniently located near New Cornerstone Missionary Baptist Church, Nita’s Nest daycare, and the Stafford Park and stadium, offering both essential and recreational amenities for tenants.

Cleveland’s Historic Suburb

Maple Heights is one of Cleveland’s earliest incorporated suburbs, and it enjoys a rich history that has evolved into a lively community. Post-World War II, the area experienced significant growth with the development of major commercial hubs, industrial employment centers, and various housing units. Present-day Maple Heights maintains its unique character, with a substantial post-war bungalow housing stock and thriving commercial and industrial sectors. Residents benefit from a 20-minute drive to key areas such as downtown Cleveland, University Circle, Independence, Mayfield Heights, and Solon.

A Smart Investment

Token-holders can anticipate a competitive 9.70% expected rental income from this property, acquired for $100,000. The listing price includes a $3,000 renovation budget, allocated for roof and siding maintenance, as well as addressing deferred maintenance.

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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