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19000 Fenton St, Detroit, MI 48219

View Smart Contracts: Eth xDai

Total Investment: $ 1,201,440.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income


    Not including capital appreciation

  • Rent per Token

    $ 5.51 / year
  • Rent Start Date

    May 23, 2022
  • Token Price

    $ 50.06
  • Total Tokens


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

    19000 Fenton St, Detroit, MI 48219
  • Country

  • Source

  • Neighborhood

    Five Points
  • Construction Year

  • Stories

    2 Stories
  • Total Units

    24 Units
  • Bedroom/Bath

    12x1, 12x2 Bed / 24x1 Bath
  • Rental Type

  • Rented?

    Fully Rented
  • Rent Subsidy?


Property Financials

  • Gross Rent / year

    $ 193,200.00
  • Gross Rent / month

    $ 16,100.00
  • Monthly Costs

    - $ 5,085.00
    • Property Management (8.00%)
      - $ 1,288.00
    • RealT Platform (2.00%)
      - $ 322.00
    • Maintenance Expenses
      - $ 1,200.00
    • Property Taxes
      - $ 275.00
    • Insurance
      - $ 500.00
    • Utilities
      - $ 1,500.00
  • Net Rent / month

    $ 11,015.00
  • Net Rent / year

    $ 132,180.00
  • Total Investment

    $ 1,201,440.00
    • Underlying Asset Price
      $ 1,009,000.00
    • Operating Expense Reimbursement (10%)
      $ 120,133.33
    • Initial Maintenance Reserve
      $ 32,200.00
    • Initial Renovation Reserve
      $ 40,000.00
    • Unrounded Listing Price
      $ 1,201,333.33
    • Rounding Difference
      $ 106.67
  • Expected Income


    Not including capital appreciation

Property Details

  • Lot Size (sqft)

  • Foundation

    Poured Concrete
  • Exterior Walls

  • Roof Type

  • Parking

    24 in the back
  • Interior Size (sqft)

  • Heating

    Forced Air / Natural Gas
  • Cooling


Test Renovation content!

Offering Details

  • Offering Date

    May 10, 2022
  • Issuer

    RealToken International 19000 Fenton St, Detroit, MI 48219 Inc
  • Min. Investment Amount

  • Max. Investment Amount

  • Amount Raised

  • Offering Percent (of Total Tokens)


About the Property

19000 Fenton

This lovely multi-family property is the twin of 18980 Fenton next door. Built in 1963, 19000 Fenton is composed of 24 fully-rented units and 24 parking spaces. This property is more than a residence – it is a community property. It certainly has an excellent purchase price, low renovations, good tenants, and an attractive expected income structured to offer stable rents month after month, but it also enjoys a community spirit: children play in the courtyard and neighbors have barbecues on Sunday.

These two Fenton properties (and maybe more…) allow RealT to reach a “critical mass” in the area such that every dollar invested in one of the properties benefits the perceived value of the other property. Tenants’ lives in both properties are also improved by improving the surroundings (such as parking and greenery). By purchasing tokens of this property, investors can diversify their risk due to potential rental vacancies, as 24 units make for a consistent expected rental income – in this case, a solid 11.00%

Fenton has strong tenant demand, with three churches next door (Harvest Christian Church, Redford Church, Westside Bible Church) and a park that starts at Oak Grove (less than a mile from the property) and goes down to Eliza Howell Park. The property is also positioned with easy access to shopping, dining, and commuter routes, which increases quality of life for our tenants. Fenton is also located near the Redford district, chosen by Ford to re-establish a factory.

According to our due diligence and expertise the roof still has 3-5 years left, but we would prefer to replace it this summer or next spring (depending on roofer recommendation). We are reserving $40,000 to be used as follows:

  • $28,000 : Roof replacement
  • $ 8,000 : Parking
  • $2,500 : Refresh units 114, 118, 122, 221
  • $1,500 : Interior courtyard


Property Records

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Why Detroit?


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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