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18438 Morang Ave, Detroit, MI 48205

View Smart Contracts: Eth xDai

Total Investment: $ 205,984.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.88%

    Not including capital appreciation

  • Rent per Token

    $ 4.97 / year
  • Rent Start Date

    February 1, 2023
  • Token Price

    $ 50.24
  • Total Tokens

    4,100

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

    Commercial
  • Full Address

    18438 Morang Ave, Detroit, MI 48205
  • Neighborhood

    Mapleridge
  • Construction Year

    1941
  • Stories

    1 Stories
  • Total Units

    2 Units
  • Bedroom/Bath

    0 Bed / 2 x 0.5 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Section 8?

    No

Property Financials

  • Gross Rent / year

    $ 26,280.00
  • Gross Rent / month

    $ 2,190.00
  • Monthly Costs

    - $ 493.30
    • Property Management (5.00%)
      - $ 109.50
    • RealT Platform (2.00%)
      - $ 43.80
    • Maintenance Expenses
      - $ 50.00
    • Property Taxes
      - $ 190.00
    • Insurance
      - $ 100.00
    • Utilities
      - $ 0.00
  • Net Rent / month

    $ 1,696.70
  • Net Rent / year

    $ 20,360.40
  • Total Investment

    $ 205,984.00
    • Underlying Asset Price
      $ 150,000.00
    • Operating Expense Reimbursement (10%)
      $ 20,597.78
    • Initial Maintenance Reserve
      $ 4,380.00
    • Initial Renovation Reserve
      $ 30,000.00
    • Administrative Fees
      $ 1,000.00
    • Unrounded Listing Price
      $ 205,977.78
    • Rounding Difference
      $ 6.22
  • Expected Income

    9.88%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    3,920
  • Foundation

    Concrete Slab
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Parking

    Large space in the back
  • Interior Size (sqft)

    2,400
  • Heating

    Forced Air / Gas
  • Cooling

    None
  • Building Class

    C
  • Renovated

    Partial
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-18438-MORANG-AVE-DETROIT-MI
  • Total Tokens

    4100

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    January 13, 2023
  • Issuer

    RealToken International 18438 Morang Ave Inc
  • Min. Investment Amount

    $50.24
  • Max. Investment Amount

    $205,984.00
  • Amount Raised

    $205,984.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

18438 Morang

We are pleased to offer you our first Commercial rental property! 18438 Morang allows you to continue diversifying your tokenized real estate portfolio into new property types. One company currently rents the whole building, and the lease is to be renewed every two years.

In recent months we have made many acquisitions on Morang street and in this neighborhood, and this new property allows us to continue increasing our economies of scale while adding a new type of tenant.

The $30,000 renovation budget will allow us to repair and beautify the façade; as you can see on the pictures, some bricks are currently missing. We will also be replacing the toilets and the carpet, and adding some embellishments.

Map

Property Records

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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.

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