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2 Holdings Fairview St, Detroit, MI 48214

View Smart Contracts: Eth Gnosis

Total Investment: $ 294,292.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.48%

    Not including capital appreciation

  • Income per Token

    $ 4.81 / year

  • Income Start Date

    May 1, 2024

  • Token Price

    $ 50.74

  • Total Tokens

    5,800

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

    SFR Portfolio

  • Full Address

    2 Holdings Fairview St, Detroit, MI 48214

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    West End

  • Construction Year

    2000

  • Total Units

    4 Units

  • Bedroom/Bath

    4x4 Beds / 4x2 Baths

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 51,540.00

  • Gross Rent / month

    $ 4,295.00

  • Monthly Costs

    - $ 1,969.50
    • Property Management (8.00%)
      - $ 343.60
    • RealT Platform (2.00%)
      - $ 85.90
    • Maintenance Expenses
      - $ 480.00
    • Property Taxes
      - $ 660.00
    • Insurance
      - $ 400.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 2,325.50

  • Net Rent / year

    $ 27,906.00

  • Total Investment

    $ 294,292.00
    • Underlying Asset Price
      $ 240,000.00
    • Sourcing Fee (10%)
      $ 29,429.20
    • Initial Maintenance Reserve
      $ 8,590.00
    • Initial Renovation Reserve
      $ 12,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 1,750.00
    • Unrounded Listing Price
      $ 294,269.20
    • Rounding Difference
      $ 22.80

  • Expected Income

    9.48%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    19,602

  • Foundation

    Masonry

  • Exterior Walls

    Siding

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    5,728

  • Heating

    Gas / Forced Heat

  • Cooling

    Gas / Forced Cooling

  • Building Class

    C

  • Renovated

    Partial

  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-2-HOLDINGS-FAIRVIEW-ST-DETROIT-MI

  • Total Tokens

    5800

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    March 12, 2024

  • Issuer

    RealToken International 2 Holdings Fairview St Inc

  • Min. Investment Amount

    $50.74

  • Max. Investment Amount

    $294,292.00

  • Amount Raised

    $294,292.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

A Serene Environment

Each of the 4 single-family residences included in 2 Holdings Fairview includes 4 bedrooms and 2 bathrooms, for a total of 7,024 square feet of living space in the group.  These homes also come complete with attached garages for added convenience. Located in front of Brewer Playfield and East Canfield Pavilion Park, these homes are surrounded by a serene environment close to cultural community spaces. The East Canfield Art Park plays a pivotal role in supporting local artists through public art commissions and community events, enriching the cultural landscape of this West End neighborhood.

Dynamic and Cultural

The West End neighborhood of Detroit is known for its ongoing revitalization and diverse architectural styles. Residents of 2 Holdings Fairview are surrounded by a blend of bungalows and Colonial Revival houses, and the area is filled with spacious front porches, dormer windows, and mature trees lining the streets. With easy access to both commercial amenities and industrial areas like the Stellantis plants, tenants benefit from residential tranquility and urban convenience. The presence of the Samaritan Center underscores the community’s commitment to providing essential services to residents.

Strategically Located

Token-holders of 2 Holdings Fairview can anticipate an expected income of 9.48%. Acquired for $240,000, these properties represent an affordable price point of $60,000 per door. A renovation budget of $12,000 has been allocated for maintenance needs, ensuring the homes remain in the best condition. 4576 Fairview also needs a little cosmetic work, which the seller will complete before closing.  Furthermore, the proximity to RealT’s 1 Holding Fairview, 1 Holdings Kinafremoha, 1 Holdings French, 1 Holdings Montclair, 1 Holdings Harding, 3784 Seneca, 3996 Lillibridge, 4422 Lillibridge, and 4430 Lillibridge enhances our economies-of-scale strategy. Collectively, RealT owns around 60,000 square feet of living space in the area, further solidifying the investment potential of this fine group of homes.

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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