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18608-18612 Moross Rd, Detroit, MI 48224

View Smart Contracts: Eth xDai

Total Investment: $ 99,120.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    10.96%

    Not including capital appreciation

  • Rent per Token

    $ 5.43 / year
  • Rent Start Date

    January 20, 2023
  • Token Price

    $ 49.56
  • Total Tokens

    2,000

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

    Duplex
  • Full Address

    18608-18612 Moross Rd, Detroit, MI 48224
  • Neighborhood

    Moross - Morang
  • Construction Year

    1943
  • Stories

    1 Stories
  • Total Units

    2 Units
  • Bedroom/Bath

    2x2 Beds / 2x1 Baths
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Section 8?

    No

Property Financials

  • Gross Rent / year

    $ 16,800.00
  • Gross Rent / month

    $ 1,400.00
  • Monthly Costs

    - $ 495.00
    • Property Management (8.00%)
      - $ 112.00
    • RealT Platform (2.00%)
      - $ 28.00
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 205.00
    • Insurance
      - $ 40.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 905.00
  • Net Rent / year

    $ 10,860.00
  • Total Investment

    $ 99,120.00
    • Underlying Asset Price
      $ 64,000.00
    • Operating Expense Reimbursement (10%)
      $ 9,911.11
    • Initial Maintenance Reserve
      $ 2,800.00
    • Initial Renovation Reserve
      $ 22,000.00
    • Administrative Fees
      $ 400.00
    • Unrounded Listing Price
      $ 99,111.11
    • Rounding Difference
      $ 8.89
  • Expected Income

    10.96%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,660
  • Foundation

    Masonery
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Parking

    Driveway
  • Interior Size (sqft)

    1,408
  • Heating

    Force Air / Gas
  • Cooling

    None
  • Building Class

    C
  • Renovated

    No
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-18608-18612-MOROSS-RD-DETROIT-MI
  • Total Tokens

    2000

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    October 20, 2022
  • Issuer

    RealToken International 18608-18612 Moross St Inc
  • Min. Investment Amount

    $49.56
  • Max. Investment Amount

    $99,120.00
  • Amount Raised

    $99,120.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

18608-18612 Moross

This duplex is in the same neighborhood as 18515-18517 Kelly and 18527-18529 Kelly, which are also for sale.

This duplex needs to be renovated, and we will take this opportunity to replace the tenant. Thanks to our economies of scale and our team of handymen, we are managing to keep our renovation budgets from skyrocketing despite inflation. We have budgeted $22,000 to bring the property up to Section 8 standards. We intend to renovate the roof, redo the floor, demolish the garage, repaint, change the furniture and kitchen appliances, install fire detectors, and landscape the exterior, including adding new gutters. This work should take about 2 months, and we expect to stabilize this property with the new tenant in February 2023.

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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