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2518 Glendale Ave, Detroit, MI 48238

View Smart Contracts: Eth xDai

Total Investment: $ 111,122.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.65%

    Not including capital appreciation

  • Rent per Token

    $ 4.88 / year

  • Rent Start Date

    June 1, 2023

  • Token Price

    $ 50.51

  • Total Tokens

    2,200

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

    Duplex

  • Full Address

    2518-2520 Glendale Ave, Detroit, MI 48238

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Dexter - Linwood

  • Construction Year

    1924

  • Stories

    2 Stories

  • Total Units

    2 Units

  • Bedroom/Bath

    2x2 Beds / 2x1 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 16,800.00

  • Gross Rent / month

    $ 1,400.00

  • Monthly Costs

    - $ 506.00
    • Property Management (8.00%)
      - $ 112.00
    • RealT Platform (2.00%)
      - $ 28.00
    • Maintenance Expenses
      - $ 100.00
    • Property Taxes
      - $ 200.00
    • Insurance
      - $ 66.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 894.00

  • Net Rent / year

    $ 10,728.00

  • Total Investment

    $ 111,122.00
    • Underlying Asset Price
      $ 86,000.00
    • Operating Expense Reimbursement (10%)
      $ 11,111.11
    • Initial Maintenance Reserve
      $ 2,800.00
    • Initial Renovation Reserve
      $ 10,000.00
    • Administrative Fees
      $ 1,200.00
    • Unrounded Listing Price
      $ 111,111.11
    • Rounding Difference
      $ 10.89

  • Expected Income

    9.65%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,356

  • Foundation

    Masonry

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    2,236

  • Heating

    Forced Air

  • Cooling

    None

  • Building Class

    C

  • Renovated

    Partial, well maintained

  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-2518-GLENDALE-AVE-DETROIT-MI

  • Total Tokens

    2200

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    April 27, 2023

  • Issuer

    RealToken International 2518 Glendale Ave Inc

  • Min. Investment Amount

    $50.51

  • Max. Investment Amount

    $111,122.00

  • Amount Raised

    $111,122.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

2518 Glendale

As you can see on the map, this duplex is close to Highland Park. Glendale is also close to other properties tokenized in this area, such as 2661-2663 Cortland, 2911 Sturtevant, and 2703-2705 W Grand.

We have budgeted $10,000 to do some deferred maintenance (repair the gutters, clean the gardens, redo some paint) to be able to maintain value and offer a stable expected rental income of 9.65%.

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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