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18662 Blackmoor St, Detroit, MI 48234

View Smart Contracts: Eth Gnosis

Total Investment: $ 76,410.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.51%

    Not including capital appreciation

  • Income per Token

    $ 4.84 / year
  • Income Start Date

    January 15, 2024
  • Token Price

    $ 50.94
  • Total Tokens

    1,500

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

    18662 Blackmoor St, Detroit, MI 48234
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Mount Olivet
  • Construction Year

    1948
  • Bedroom/Bath

    3 Beds / 2 Baths
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 11,820.00
  • Gross Rent / month

    $ 985.00
  • Monthly Costs

    - $ 379.50
    • Property Management (8.00%)
      - $ 78.80
    • RealT Platform (2.00%)
      - $ 19.70
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 115.00
    • Insurance
      - $ 56.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 605.50
  • Net Rent / year

    $ 7,266.00
  • Total Investment

    $ 76,410.00
    • Underlying Asset Price
      $ 56,000.00
    • Sourcing Fee (10%)
      $ 7,641.11
    • Initial Maintenance Reserve
      $ 1,970.00
    • Initial Renovation Reserve
      $ 8,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 76,411.11
    • Rounding Difference
      - $ 1.11
  • Expected Income

    9.51%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    5,227
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,300
  • Heating

    Forced Air w/ Ducts
  • Building Class

    C
  • Renovated

    Partial
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-18662-BLACKMOOR-ST-DETROIT-MI
  • Total Tokens

    1500

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    November 24, 2023
  • Issuer

    RealToken International 18662 Blackmoor St Inc
  • Min. Investment Amount

    $50.94
  • Max. Investment Amount

    $76,410.00
  • Amount Raised

    $76,410.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

18662 Blackmoor

The 18662 Blackmoor single-family residence is a beautiful brick house in the Mount Olivet neighborhood. This brick home offers a comfortable living space with 3 bedrooms and 2 bathrooms spread across 1,300 square feet. The property has a generous 5,227-square-foot lot size that comes complete with a detached one-car garage and a large fenced backyard with a patio, perfect for enjoying outdoor gatherings.

Conveniently located near Robinwood Park, the Highland Church of Christ, and the serene Mt. Olivet garden adorned with massive maples and oaks, this residence offers a peaceful and welcoming environment.

The strategic proximity to the sold-out 17616 Beland and 1 Holdings Strasburg properties reflects our commitment to optimizing maintenance expenses and collectively enhancing property values for all locations.

This investment opportunity presents a 9.51% expected rental income and was acquired for just $56,000, making it a wise choice for investors. An $8,000 renovation budget, included in the listing price, has been allocated for siding enhancements, roof fixes, and some deferred maintenance.

Don’t miss out on the chance to invest in this vibrant Mount Olivet neighborhood!

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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