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19750 Marx St, Highland Park, MI 48203

View Smart Contracts: Eth xDai

Total Investment: $ 714,402.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Token Type

    Standard Equity
  • Expected Income

    10.41% Partially Rented

    Not including capital appreciation

  • Income Start Date

    April 21, 2022
  • Income per Token

    $ 5.23 / year
  • Token Price

    $ 50.31
  • Total Tokens

    14,200

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
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Highland Park
  • Construction Year

    1956
  • Stories

    2 Stories
  • Total Units

    16 Units
  • Bedroom/Bath

    16x1 Bed / 16x1 Bath
  • Rental Type

    Long Term
  • Rented?

    15 / 16 Units
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 112,860.00
  • Gross Income / month

    Partially Rented $ 9,405.00
  • Monthly Costs

    - $ 3,210.50
    • Property Management (8.00%)
      - $ 752.40
    • RealT Platform (2.00%)
      - $ 188.10
    • Maintenance Expenses
      - $ 1,000.00
    • Property Taxes
      - $ 250.00
    • Insurance
      - $ 270.00
    • Utilities
      - $ 750.00
  • Net Income / month

    $ 6,194.50
  • Net Income / year

    $ 74,334.00
  • Total Investment

    $ 714,402.00
    • Underlying Asset Price
      $ 604,000.00
    • Sourcing Fee (10%)
      $ 71,437.78
    • Initial Maintenance Reserve
      $ 18,940.00
    • Initial Renovation Reserve
      $ 20,000.00
    • Unrounded Listing Price
      $ 714,377.78
    • Rounding Difference
      $ 24.22
  • Expected Income

    Partially Rented 10.41%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    12,632
  • Foundation

    Poured Concrete
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt / Hip Style
  • Parking

    15 spaces
  • Interior Size (sqft)

    7,512
  • Heating

    Forced Air / Natural Gas
  • Cooling

    None

Test Renovation content!

Offering Details

  • Offering Date

    March 23, 2022
  • Issuer

    RealToken International 19750 Marx St., Highland Park, MI 48203 Inc
  • Min. Investment Amount

    $50.31
  • Max. Investment Amount

    $714,402.00
  • Amount Raised

    $714,402.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

19750 Marx

19750 Marx is a classic RealT bread-and-butter property: it was acquired at a good price, and offers stable rents month after month. Built in 1956, this multi-family residence has 16 fully-rented units and 15 parking spaces. As you can see on the map, this property is close to Butler Playfield and Farwell Field parks which increases security for our tenants as well.

Marx’s mechanical room was refitted in 2020, but the building needs a few more renovations, so we are reserving $20,000 to be used as follows:

  • $10,000 to rejuvenate the units (repaint the walls, change some carpets, and improve quality of life)
  • $500 to blast and repaint five balconies
  • The remainder will be used to freshly tar the driveway to the parking lot, refresh the landscaping, and improve the common outdoor areas.

Due to our concentration of properties in Detroit, we have been able to build a dependable team of competent, experienced handymen, and we feel confident that these renovations will have a perceived value well over $20,000 for our current and future tenants.

The rents of 19750 Marx are currently below market. Once the renovations are complete, we expect to increase rents while retaining the same tenants; they will save on moving costs and live in a freshly-renovated unit.

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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