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1890 Marloes Ave, East Cleveland, OH 44112

View Smart Contracts: Eth xDai

Total Investment: $ 1,169,100.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Property Highlights

  • Expected Income

    0.00%

    Not including capital appreciation

  • Income Start Date

    March 15, 2023
  • Token Price

    $ 51.96
  • Total Tokens

    22,500

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

    Multi Family
  • Full Address

    1890 Marloes Ave, East Cleveland, OH 44112
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    East Cleveland
  • Construction Year

    1920
  • Stories

    3 Stories
  • Total Units

    24 Units
  • Bedroom/Bath

    24x1 Beds / 24x1 Baths
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 0.00
  • Gross Income / month

    $ 0.00
  • Monthly Costs

    - $ 4,770.00
    • Maintenance Expenses
      - $ 1,800.00
    • Property Taxes
      - $ 1,400.00
    • Insurance
      - $ 470.00
    • Utilities
      - $ 1,100.00
  • Net Income / month

    $ 0.00
  • Net Income / year

    $ 0.00
  • Total Investment

    $ 1,169,100.00
    • Underlying Asset Price
      $ 900,000.00
    • Sourcing Fee (10%)
      $ 116,911.11
    • Initial Maintenance Reserve
      $ 31,200.00
    • Initial Renovation Reserve
      $ 120,000.00
    • Administrative Fees
      $ 1,000.00
    • Unrounded Listing Price
      $ 1,169,111.11
    • Rounding Difference
      - $ 11.11
  • Expected Income

    0.00%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    18,200
  • Foundation

    Masonry Block
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Parking

    Street parking
  • Interior Size (sqft)

    21,588
  • Heating

    Electric baseboard
  • Cooling

    None
  • Building Class

    C
  • Renovated

    Partial
  • Property Manager

    ORG Rentals, LLC

Blockchain

  • Identifier

    REALTOKEN-S-1890-MARLOES-AVE-EAST-CLEVELAND-OH
  • Total Tokens

    22500

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    February 14, 2023
  • Issuer

    RealToken International 1890 Marloes Ave Inc
  • Min. Investment Amount

    $51.96
  • Max. Investment Amount

    $1,169,100.00
  • Amount Raised

    $1,169,100.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

1890 Marloes

We are pleased to offer you the opportunity to geographically diversify your portfolio with this new multi-family in the city of Cleveland!

1890 Marloes was built in 1920, and it is well-situated: it’s adjacent to a park with basketball and tennis courts, and sits only 500 feet from WH Kirk Middle School. On the other side is Euclid Ave, a shopping street with a pharmacy and restaurants like McDonald’s and Taco Bell.

Marloes is also close to one of the largest medical centers in the United States: the Cleveland Clinic-Stephanie Tubbs Jones Health Center is only 0.5 miles away, and the main campus is a 15-minute drive. As you might expect, our tenants will be working in these schools and medical centers.

We have budgeted $120,000 to upgrade all the units to Section 8 standards, redo the common areas, and finish the basement unit. This last unit will have a lower rent when it is finished.

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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