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26 Applegrove St, Ecorse, MI 48229

View Smart Contracts: Eth Gnosis

Total Investment: $ 68,149.60

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.00%

    Not including capital appreciation

  • Income per Token

    $ 4.51 / year
  • Income Start Date

    July 1, 2024
  • Token Price

    $ 50.11
  • Total Tokens

    1,360

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

    26 Applegrove St, Ecorse, MI 48229
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Ecorse
  • Construction Year

    1916
  • Bedroom/Bath

    3 Beds / 1.5 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 11,880.00
  • Gross Rent / month

    $ 990.00
  • Monthly Costs

    - $ 479.00
    • Property Management (8.00%)
      - $ 79.20
    • RealT Platform (2.00%)
      - $ 19.80
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 180.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 511.00
  • Net Rent / year

    $ 6,132.00
  • Total Investment

    $ 68,149.60
    • Underlying Asset Price
      $ 50,000.00
    • Sourcing Fee (10%)
      $ 6,814.96
    • Initial Maintenance Reserve
      $ 1,980.00
    • Initial Renovation Reserve
      $ 6,500.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 68,144.96
    • Rounding Difference
      $ 4.64
  • Expected Income

    9.00%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    3,441
  • Foundation

    Masonry
  • Exterior Walls

    Brick / Frame
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,254
  • Heating

    Gas / Forced Heat & Cool
  • Cooling

    None
  • Building Class

    C
  • Renovated

    Partial

Blockchain

  • Identifier

    REALTOKEN-S-26-APPLEGROVE-ST-ECORSE-MI
  • Total Tokens

    1360

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    April 29, 2024
  • Issuer

    RealToken International 26 Applegrove St Inc
  • Min. Investment Amount

    $50.11
  • Max. Investment Amount

    $68,149.60
  • Amount Raised

    $68,149.60
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Reinvest in Colonial Style

We present 26 Applegrove, a new reinvestment property in the Detroit suburb of Ecorse, a city with a rich history and vibrant community life. This charming single-family offers a comfortable 3 bedrooms and 1.5 bathrooms within 1,254 square feet of living space, epitomizing suburban simplicity. Conveniently located close to the Holy Ascension Serbian Orthodox Church, the Ecorse Public Library, and the serene Bernard Popp Park, tenants enjoy easy access to community amenities along with a balanced and fulfilling lifestyle.

Diverse Heritage

Ecorse’s storied past dates back to its settlement by French Habitants in the early 1700s under Antoine Cadillac. Ecorse forms part of Detroit’s “downriver” communities, offering picturesque waterfront views and access to scenic outdoor spaces. Over the years, Ecorse has evolved into a vibrant community hub, hosting a myriad of recreational and cultural events that celebrate its diverse heritage and its spirit of resilience and renewal.

A Strategic Opportunity

With an expected income of 9.00% and an acquisition price of $50,000, 26 Applegrove presents a compelling investment opportunity in an upward-trending city. The $6,500 renovation budget for painting and deferred maintenance ensures that the property is primed for long-term success, aligning with RealT’s commitment to expanding its diversification strategy and economies of scale.

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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