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18941 Goulburn Ave, Detroit, MI 48205

View Smart Contracts: Eth Gnosis

Total Investment: $ 68,593.50

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.46%

    Not including capital appreciation

  • Income per Token

    $ 4.80 / year

  • Income Start Date

    June 1, 2024

  • Token Price

    $ 50.81

  • Total Tokens

    1,350

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

    18941 Goulburn Ave, Detroit, MI 48205

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Von Steuben

  • Construction Year

    1950

  • Bedroom/Bath

    3 Beds / 1 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 11,340.00

  • Gross Rent / month

    $ 945.00

  • Monthly Costs

    - $ 404.50
    • Property Management (8.00%)
      - $ 75.60
    • RealT Platform (2.00%)
      - $ 18.90
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 110.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 540.50

  • Net Rent / year

    $ 6,486.00

  • Total Investment

    $ 68,593.50
    • Underlying Asset Price
      $ 54,000.00
    • Sourcing Fee (10%)
      $ 6,859.35
    • Initial Maintenance Reserve
      $ 1,890.00
    • Initial Renovation Reserve
      $ 3,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 68,599.35
    • Rounding Difference
      - $ 5.85

  • Expected Income

    9.46%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,356

  • Foundation

    Masonry

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    1,140

  • Heating

    Gas / Forced Air

  • Building Class

    C

  • Renovated

    Partial

Blockchain

  • Identifier

    REALTOKEN-S-18941-GOULBURN-AVE-DETROIT-MI

  • Total Tokens

    1350

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    April 4, 2024

  • Issuer

    RealToken International 18941 Goulburn Ave Inc

  • Min. Investment Amount

    $50.81

  • Max. Investment Amount

    $68,593.50

  • Amount Raised

    $68,593.50

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Convenient abode

18941 Goulburn is a captivating single-family brick residence nestled in the Von Steuben neighborhood of Detroit. Equipped with 3 bedrooms, 1 bathroom, and a detached garage on a 4,356 square-foot lot, this home offers its residents space and convenience. What’s more, the nearby Fleming Early Learning Center and Calimera Park provide educational and recreational opportunities at Goulburn’s doorstep. Tenants have everything they need in this convenient home!

Von Steuben’s History

Named after the Revolutionary War hero Friedrich Wilhelm von Steuben, Detroit’s Von Steuben community boasts a rich heritage influenced by its German immigrant roots. Reflecting a time before Detroit’s transformation into the renowned “Motor City,” the neighborhood’s streets bear names reminiscent of its industrial past. Brick Tudor-style homes, alongside vintage bungalows and ranch-style residences, exude Old World charm amid modern convenience.

Concentric Strategy

Token-holders can anticipate an expected income of 9.46%. This property was acquired for $54,000, with a renovation budget of $3,000 allocated for entrance enhancements and deferred maintenance, ensuring the property remains in optimal condition. The proximity of this property to other RealT properties, such as 18933 Fairport and 18481 Westphalia, exemplifies the economies-of-scale approach employed by RealT to minimize management expenses and maximize returns. Von Steuben’s rich history, vibrant dining scene, and potential for revitalization make it a neighborhood worth exploring!

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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