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212 N Park Ave, Jackson, MI 49201

View Smart Contracts: Eth xDai

Total Investment: $ 228,240.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    10.64%

    Not including capital appreciation

  • Rent per Token

    $ 5.40 / year
  • Rent Start Date

    February 21, 2022
  • Token Price

    $ 50.72
  • Total Tokens

    4,500

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
  • Full Address

    212 N Park Ave, Jackson, MI 49201
  • Neighborhood

    Ford Eastern
  • Construction Year

    1920
  • Stories

    2 Stories
  • Total Units

    6 Units
  • Bedroom/Bath

    5x1, 1x2 Bed / 6x1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Section 8?

    No

Property Financials

  • Gross Rent / year

    $ 38,520.00
  • Gross Rent / month

    $ 3,210.00
  • Monthly Costs

    - $ 1,186.00
    • Property Management (8.00%)
      - $ 256.80
    • RealT Platform (2.00%)
      - $ 64.20
    • Maintenance Expenses
      - $ 525.00
    • Property Taxes
      - $ 150.00
    • Insurance
      - $ 90.00
    • Utilities
      - $ 100.00
  • Net Rent / month

    $ 2,024.00
  • Net Rent / year

    $ 24,288.00
  • Total Investment

    $ 228,240.00
    • Underlying Asset Price
      $ 164,000.00
    • Operating Expense Reimbursement (10%)
      $ 22,824.44
    • Initial Maintenance Reserve
      $ 6,420.00
    • Initial Renovation Reserve
      $ 35,000.00
    • Unrounded Listing Price
      $ 228,244.44
    • Rounding Difference
      - $ 4.44
  • Expected Income

    10.64%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,356
  • Foundation

    Masonry Block
  • Exterior Walls

    Vinyl Siding
  • Roof Type

    Asphalt
  • Parking

    6 in the back
  • Interior Size (sqft)

    2,828
  • Heating

    Forced Air
  • Cooling

    None

Test Renovation content!

About the Property

212 N Park

Located just across the Grand River from downtown Jackson, N Park is a classic 1920s-era home that has been converted into a 6-unit multifamily. A wheelchair-accessible ramp makes this property even more rentable. Its residential neighborhood of Ford Eastern is optimally located for both travel and city living without feeling too urban. Residents have easy access to the nearby interstate while remaining insulated from the noise, and the downtown area’s amenities can be reached using only surface streets. With this level of convenience and a strong rental income, N Park makes a very attractive investment, and we’re proud to offer it.

Map

Property Records

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Why Jackson?

Invest Right

The great city of Jackson is located between Detroit — well-known to RealT token holders! — and the Windy CIty of Chicago. It is renowned for its parks and lakes, its excellent golfing, and its history as a key stop on the Underground Railroad helping Black Americans escape slavery. It’s a pleasant city with stable local industry and a bright future!

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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