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20160 Conant St, Detroit, MI 48234

View Smart Contracts: Eth xDai

Total Investment: $985,910.00

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

    11.64%

    Not including capital appreciation

  • Rent Start Date

    2021-11-08
  • Rent per Token

    $6.04 / year
  • Token Price

    $51.89
  • Total Tokens

    19,000

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
  • Construction Year

    1969
  • Neighborhood

    Butler
  • Bedroom/Bath

    22x1 Bed / 22x1 Bath
  • Total Units

    22 Units
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Section 8?

    No

Property Financials

  • Gross Rent / year

    $163,800.00
  • Gross Rent / month

    $13,650.00
  • Monthly Costs

    - $4,088.50
    • Property Management (7.00%)
      - $955.50
    • RealT Platform (2.00%)
      - $273.00
    • Maintenance Expenses
      - $800.00
    • Property Taxes
      - $1,250.00
    • Insurance
      - $410.00
    • Utilities
      - $400.00
  • Net Rent / month

    $9,561.50
  • Net Rent / year

    $114,738.00
  • Total Investment

    $985,910.00
    • Underlying Asset Price
      $850,000.00
    • RealT Listing Fee (10%)
      $98,588.89
    • Initial Maintenance Reserve
      $27,300.00
    • Initial Renovation Reserve
      $10,000.00
  • Expected Income

    11.64%

    Not including capital appreciation

Property Details

  • Lot Size

    6058 sqft
  • Construction Type

    Brick / Concrete
  • Parking

    18 in the back, 15 on the side
  • Interior Size

    18173 sqft
  • Heating

    Gas/Forced Hot Air
  • Cooling

    None

Test Renovation content!

About the Property

20160 Conant

Located in Butler, which enjoys a mix of urban and suburban flair, this multi-family property offers 22 fully-occupied units, onsite parking, and onsite storage. Conant’s amenities also include air-conditioning units and on-site laundry facilities. This property is well-maintained within and without: the interior units, common area, and building exterior are all in good condition. Conant has been partially renovated, and RealT has set aside an additional $3,000 for some finishing touches to ensure value to tenants and investors alike.

These apartments are just a five-minute walk to Butter Playground and a 10-minute walk to Marx-Remington Park. A walkable neighborhood paired with easy access to public transportation and major expressways mean that tenants have all sorts of amenities at their fingertips.

Conant is an excellent opportunity to add a mature, well-maintained multi-family property to your portfolio. Whether you’re a RealT pro or a first-time investor, this is definitely not one to miss!

Map

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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