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2550 Greenway St, Toledo, OH 43607

View Smart Contracts: Eth xDai

Total Investment: $513,900.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Property Highlights

  • Expected Yield

    12.07%
  • Rent Start Date

    2021-09-01
  • Rent per Token

    $6.20 / year
  • Token Price

    $51.39
  • Total Tokens

    10,000
  • Expected Yield After Renovation & Stabilization

    13.20%

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

    1947
  • Neighborhood

    Ottawa
  • Bedroom/Bath

    6x2, 6x3 Beds / 12x1 Baths
  • Total Units

    12 Units
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Section 8?

    No

Property Financials

  • Gross Rent / year

    $90,000.00
  • Gross Rent / month

    $7,500.00
  • Monthly Costs

    - $2,330.00
    • Property Management (8.00%)
      - $600.00
    • RealT Platform (2.00%)
      - $150.00
    • Maintenance Expenses
      - $600.00
    • Property Taxes
      - $750.00
    • Insurance
      - $230.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $5,170.00
  • Net Rent / year

    $62,040.00
  • Total Investment

    $513,900.00
    • Underlying Asset Price
      $382,500.00
    • RealT Listing Fee (10%)
      $51,388.89
    • Initial Maintenance Reserve
      $15,000.00
    • Initial Renovation Reserve
      $65,000.00
  • Expected Yield

    12.07%
  • Expected Yield After Renovation & Stabilization

    13.20%

Test Renovation content!

About the Property

2550 Greenway represents RealT’s entry into the great city of Toledo, Ohio! This solid brick multi-family serves the high housing demands of the University of Toledo, which makes it an investment with very solid numbers up front, as well as even higher potential in the near-term.

The 12.07% expected yield on Greenway includes $65,000 budgeted for immediate renovations and improvements to bring the building up to Student-Friendly Housing standards. This includes providing semi-furnished apartments with a desk, dresser, bed, chair, sofa, and wifi. The only serious repairs needed are the hallways and a boiler replacement. We’ve also provided a $15,000 maintenance reserve to keep the yield solid.

In the near-term, RealT sees the potential for a rent increase commensurate with our investment in housing standards. We’re targeting a bump from $7500/month to $8000+/month, which would bring the expected yield up to around 13.2% — a very good return indeed for this kind of property. We hope you’re as excited about this opportunity as we are!

Map

Why Toledo?

INVEST RIGHT

A historic industrial city with a rich heritage, Toledo sits at the intersection of affordability, quality of life, and business growth. Named number one in the nation among mid-sized cities for new business investment by Site Selection Magazine in 2021, Toledo has approximately $2.2 billion worth of projects currently underway or recently completed. That means nearly 3,500 new permanent jobs in a city already well-known for its arts scene, its nationally-awarded zoo, and its long stretches of waterfront along the Maumee River and Lake Erie.

Cheer for the Mud Hens at their new stadium. Enjoy the 70+ restaurants that line the walkable downtown streets. Visit Picasso, Matisse, and van Gogh at the Toledo Museum of Art. Go to the symphony, the opera, the ballet. Take in a show at one of the historic renovated theaters. Toledo something to offer everyone, and it just keeps getting better.

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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