It looks like you’re in the U.S.

Thank you for your interest in RealT. We’re currently working on a new offering for U.S. persons that is not yet ready for distribution. It’s coming soon – register and we’ll be sure to notify you when it’s ready!

We appreciate your understanding as we continue to redefine real estate investing around the globe.


2169 S Beatrice St, Detroit, MI 48217

View Smart Contracts: Eth Gnosis

Total Investment: $ 73,116.80

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

    9.55%

    Not including capital appreciation

  • Income per Token

    $ 4.78 / year
  • Income Start Date

    June 15, 2024
  • Token Price

    $ 50.08
  • Total Tokens

    1,460

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

    Single Family
  • Full Address

    2169 S Beatrice St, Detroit, MI 48217
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Boynton
  • Construction Year

    1938
  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 11,760.00
  • Gross Rent / month

    $ 980.00
  • Monthly Costs

    - $ 398.00
    • Property Management (8.00%)
      - $ 78.40
    • RealT Platform (2.00%)
      - $ 19.60
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 100.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 582.00
  • Net Rent / year

    $ 6,984.00
  • Total Investment

    $ 73,116.80
    • Underlying Asset Price
      $ 55,000.00
    • Sourcing Fee (10%)
      $ 7,311.68
    • Initial Maintenance Reserve
      $ 1,960.00
    • Initial Renovation Reserve
      $ 6,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 73,121.68
    • Rounding Difference
      - $ 4.88
  • Expected Income

    9.55%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,182
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,134
  • Heating

    Gas / Forced Heat & Cool
  • Building Class

    C
  • Renovated

    No

Blockchain

  • Identifier

    REALTOKEN-S-2169-S-BEATRICE-ST-DETROIT-MI
  • Total Tokens

    1460

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    April 19, 2024
  • Issuer

    RealToken International 2169 S Beatrice St Inc
  • Min. Investment Amount

    $50.08
  • Max. Investment Amount

    $73,116.80
  • Amount Raised

    $73,116.80
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Practical Living

2169 S. Beatrice is a classic brick single-family residence offering 3 bedrooms, 1 bathroom, and a detached 1-car garage. Located in the Boynton neighborhood of Detroit, this home enjoys easy access to important amenities like St. Andrew & Benedict Church, Clarence B. Sabbath Middle School, and Piwok Park’s picturesque nature trails, picnic areas, and playgrounds.

Industrial Resilience

Renowned for its community spirit, Boynton is Detroit’s southernmost neighborhood, and the area exudes a unique blend of residential tranquility despite its industrial backdrop. Accessible via major freeways, Boynton serves as a scenic gateway to the city, with nearby Kemeny Recreation Center and Park undergoing a $9.5 million renovation that’s poised to further enhance the appeal of this community.

Top Location Investment

Offering an expected income of 9.55% and acquired for $55,000, S Beatrice presents a strong investment opportunity. The listing price includes a $6,000 renovation budget allocated for awning and gutter repairs as well as deferred maintenance to ensure longevity and tenant appeal. Additionally, the property’s proximity to renowned schools, recreational facilities, and key amenities enhances its desirability, promising sustained tenant demand and maximizing rental yields.

Map

Property Records

Please sign in to view property records. Sign In >

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.

Previous Properties

No Previous Properties were found for your area. US persons can only view US-only properties, and non-US persons can only view Non-US properties. If you believe you're seeing this message in error, please contact us via chat in the lower right corner of the website!
It looks like there are no previous properties at this time.
To improve site performance, the previous property query has been temporarily disabled until 00:00 UTC

    RealT has sold 489 other properties to investors around the world!

    For more information about these properties, please contact us via chat in the lower right corner of your screen, or email us at [email protected].