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19140 Hubbell St, Detroit, MI 48235

View Smart Contracts: Eth Gnosis

Total Investment: $ 94,674.00

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

    9.22%

    Not including capital appreciation

  • Income per Token

    $ 4.69 / year
  • Income Start Date

    July 15, 2024
  • Token Price

    $ 50.90
  • Total Tokens

    1,860

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

    19140 Hubbell St, Detroit, MI 48235
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Seven Mile Lodge
  • Construction Year

    1950
  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 14,100.00
  • Gross Rent / month

    $ 1,175.00
  • Monthly Costs

    - $ 447.50
    • Property Management (8.00%)
      - $ 94.00
    • RealT Platform (2.00%)
      - $ 23.50
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 130.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 727.50
  • Net Rent / year

    $ 8,730.00
  • Total Investment

    $ 94,674.00
    • Underlying Asset Price
      $ 75,000.00
    • Sourcing Fee (10%)
      $ 9,467.40
    • Initial Maintenance Reserve
      $ 2,350.00
    • Initial Renovation Reserve
      $ 5,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 94,667.40
    • Rounding Difference
      $ 6.60
  • Expected Income

    9.22%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,399
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,092
  • Heating

    Gas / Forced Air
  • Cooling

    None
  • Building Class

    C
  • Renovated

    Yes
  • Property Manager

    New Detroit Property Management

Blockchain

  • Identifier

    REALTOKEN-S-19140-HUBBELL-ST-DETROIT-MI
  • Total Tokens

    1860

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    May 16, 2024
  • Issuer

    RealToken International 19140 Hubbell Ave inc
  • Min. Investment Amount

    $50.90
  • Max. Investment Amount

    $94,674.00
  • Amount Raised

    $94,674.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Comfortable Living

Welcome to 19140 Hubbell, a single-family home situated in the Seven Mile Lodge neighborhood of Detroit. This residence features 3 bedrooms, 1 bathroom, and 1,092 square feet of living space on a 4,399 square-foot lot. Its well-designed layout and inviting atmosphere make it an ideal home for families.

Convenient Amenities

The Seven Mile Lodge neighborhood offers a variety of amenities and points of interest. Residents will appreciate the convenience of nearby stores and fast food options like Wendy’s. The proximity to John C. Lodge Freeway ensures easy access to other parts of the city, making commuting and daily travel more convenient.

Smart Investment

Offering an expected yearly income of 9.22%, 19140 Hubbell stands out as a smart investment choice. With a listing amount of $94,674 and a dedicated renovation budget of $5,000, this property expects strong returns. Its proximity to other RealT properties such as 14231 Strathmoor and 14102 Marlowe provides opportunities for streamlined management and cost-effective resource sharing, boosting overall profitability and investment efficiency.

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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