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1866 Reyburn Rd, Cleveland, OH 44112

View Smart Contracts: Eth Gnosis

Total Investment: $ 88,340.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.60%

    Not including capital appreciation

  • Income per Token

    $ 4.85 / year
  • Income Start Date

    April 6, 2024
  • Token Price

    $ 50.48
  • Total Tokens

    1,750

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

    1866 Reyburn Rd, Cleveland, OH 44112
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Euclid - Green
  • Construction Year

    1920
  • Total Units

    2 Units
  • Bedroom/Bath

    2x2 Beds / 2x1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 15,960.00
  • Gross Rent / month

    $ 1,330.00
  • Monthly Costs

    - $ 623.00
    • Property Management (8.00%)
      - $ 106.40
    • RealT Platform (2.00%)
      - $ 26.60
    • Maintenance Expenses
      - $ 180.00
    • Property Taxes
      - $ 160.00
    • Insurance
      - $ 150.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 707.00
  • Net Rent / year

    $ 8,484.00
  • Total Investment

    $ 88,340.00
    • Underlying Asset Price
      $ 64,000.00
    • Sourcing Fee (10%)
      $ 8,834.00
    • Initial Maintenance Reserve
      $ 2,660.00
    • Initial Renovation Reserve
      $ 10,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 88,344.00
    • Rounding Difference
      - $ 4.00
  • Expected Income

    9.60%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,560
  • Foundation

    Masonry
  • Exterior Walls

    Frame
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    2,128
  • Heating

    Gas / Forced Air
  • Building Class

    C
  • Renovated

    Yes

Blockchain

  • Identifier

    REALTOKEN-S-1866-REYBURN-RD-CLEVELAND-OH
  • Total Tokens

    1750

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    February 8, 2024
  • Issuer

    RealToken International 1866 Reyburn Rd Inc
  • Min. Investment Amount

    $50.48
  • Max. Investment Amount

    $88,340.00
  • Amount Raised

    $88,340.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Spacious Duplex

1866 Reyburn is an inviting duplex with 2 bedrooms and 1 bathroom in each 1,064 square-foot unit. This property provides a comfortable and spacious environment for its residents, paired with the convenience of a detached two-car garage. Reyburn is also surrounded by much-needed community amenities and recreational spaces such as Endora Playfield, Eastbrook Healthcare Center, and Faith Cumberland Presbyterian Church.

Enchanting Neighborhood

The Euclid-Green neighborhood is well-known for its pretty houses, narrow streets, and green views. A hillside runs through the neighborhood, adding a unique topographical feature just south of Euclid Avenue. Winding tree-lined streets, parks, and contemporary single-family houses contribute to the neighborhood’s suburban feel. Despite its predominantly residential nature, Euclid-Green offers convenience with nearby restaurants and shopping centers, including Richmond Town Square.

An Investment in Value

Token-holders of 1866 Reyburn can anticipate an expected rental income of 9.60%. Acquired for a reasonable $64,000, this property’s listing price includes a $10,000 dedicated renovation budget allocated for enhancements including painting, entry, and roof improvements along with garage renovations. This strategic investment aims to elevate the property’s condition, meeting the needs of its tenants and contributing to its long-term value and appeal in the competitive rental market.

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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