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2 Holdings Milton St, Detroit, MI 48234

View Smart Contracts: Eth Gnosis

Total Investment: $ 282,632.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    10.38%

    Not including capital appreciation

  • Income per Token

    $ 5.24 / year

  • Income Start Date

    December 1, 2023

  • Token Price

    $ 50.47

  • Total Tokens

    5,600

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

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Coleman Young International Airport

  • Construction Year

    2000

  • Total Units

    4 Units

  • Bedroom/Bath

    2x3, 2x4 Beds / 4x2 Baths

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    Section 42

  • Rent Subsidy Pays...

    100%

Property Financials

  • Gross Rent / year

    $ 40,080.00

  • Gross Rent / month

    $ 3,340.00

  • Monthly Costs

    - $ 894.65
    • Property Management (8.00%)
      - $ 267.20
    • RealT Platform (2.00%)
      - $ 66.80
    • Maintenance Expenses
      - $ 360.00
    • Property Taxes
      - $ 20.65
    • Insurance
      - $ 180.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 2,445.35

  • Net Rent / year

    $ 29,344.20

  • Total Investment

    $ 282,632.00
    • Underlying Asset Price
      $ 220,000.00
    • Sourcing Fee (10%)
      $ 28,264.44
    • Initial Maintenance Reserve
      $ 6,680.00
    • Initial Renovation Reserve
      $ 24,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 1,200.00
    • Unrounded Listing Price
      $ 282,644.44
    • Rounding Difference
      - $ 12.44

  • Expected Income

    10.38%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    20,168

  • Foundation

    Masonry

  • Exterior Walls

    Brick / Siding

  • Roof Type

    Asphalt

  • Parking

    Garage Attached

  • Interior Size (sqft)

    5,472

  • Heating

    Gas / Forced Air w/ ducts

  • Building Class

    C

  • Renovated

    Well maintained

  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

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

  • Total Tokens

    5600

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    October 10, 2023

  • Issuer

    RealToken International 2 Holdings Milton St Inc

  • Min. Investment Amount

    $50.47

  • Max. Investment Amount

    $282,632.00

  • Amount Raised

    $282,632.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

2 Holdings Milton

2 Holdings Milton is a curated collection of 4 single-family homes, comprising two 3-bedroom and two 4-bedroom properties. Situated in a neighborhood that offers easy access to business areas, essential amenities, and recreational spots, these homes are ideally positioned for residents seeking a balanced lifestyle.

The homes in this collection have been strategically acquired, leading to an expected rental income of 10.38%. Their acquisition price averages to an excellent $40.18/sqft.

One of the standout features of these properties is their compliance with the HUD Section 42 standard. This ensures quality and brings significant tax benefits to property owners, enhancing the overall value proposition of the investment. The close proximity of these homes on the same block amplifies the benefits of our economy-of-scale strategy. This approach ensures efficient maintenance costs and works synergistically to improve property values for the entire collection.

To ensure these homes meet and exceed modern living standards, we’ve allocated a dedicated renovation budget of $24,000. This budget will handle various deferred maintenance tasks, including but not limited to garage repairs, sprinkler system updates, paintwork, minor plumbing tasks, landscaping upkeep, and gutter maintenance.

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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