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2953 E 120th St, Cleveland, OH 44120

View Smart Contracts: Eth Gnosis

Total Investment: $ 91,620.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.69%

    Not including capital appreciation

  • Income per Token

    $ 4.93 / year
  • Income Start Date

    April 6, 2024
  • Token Price

    $ 50.90
  • Total Tokens

    1,800

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

    2953 E 120th St, Cleveland, OH 44120
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Buckeye-Shaker
  • Construction Year

    1923
  • Total Units

    2 Units
  • Bedroom/Bath

    1x3 Beds , 1x2 Beds / 2x1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 15,600.00
  • Gross Rent / month

    $ 1,300.00
  • Monthly Costs

    - $ 560.00
    • Property Management (8.00%)
      - $ 104.00
    • RealT Platform (2.00%)
      - $ 26.00
    • Maintenance Expenses
      - $ 180.00
    • Property Taxes
      - $ 100.00
    • Insurance
      - $ 150.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 740.00
  • Net Rent / year

    $ 8,880.00
  • Total Investment

    $ 91,620.00
    • Underlying Asset Price
      $ 67,000.00
    • Sourcing Fee (10%)
      $ 9,162.00
    • Initial Maintenance Reserve
      $ 2,600.00
    • Initial Renovation Reserve
      $ 10,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 91,612.00
    • Rounding Difference
      $ 8.00
  • Expected Income

    9.69%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    2,744
  • Foundation

    Masonry
  • Exterior Walls

    Frame
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,408
  • Heating

    Gas / Forced Air
  • Building Class

    C
  • Renovated

    Yes

Blockchain

  • Identifier

    REALTOKEN-S-2953-E-120TH-ST-CLEVELAND-OH
  • Total Tokens

    1800

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    February 8, 2024
  • Issuer

    RealToken International 2953 E 120th St Inc
  • Min. Investment Amount

    $50.90
  • Max. Investment Amount

    $91,620.00
  • Amount Raised

    $91,620.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

A Prime Investment

2953 E 120th is a duplex featuring two different layouts, one with 3 bedrooms and the other with 2 bedrooms, each equipped with 1 bathroom. The property comes with a fence for a secured and private living space. This duplex is strategically situated near the Second New Hope Baptist Church and the Fundamentals Academy Day Care center, serving the needs of its residents.

The City Meets the Suburbs

The Buckeye-Shaker neighborhood encompasses the old Buckeye, Larchmere, Woodland Hills, and Shaker Square neighborhoods: This area is defined by its rich history and diverse communities. Anchored by a historic shopping district and a rapid transit station connecting Shaker Heights to downtown Cleveland, Buckeye-Shaker is a haven for discerning shoppers seeking quality merchandise. The neighborhood has many restaurants and activities to choose from, making it a lively and active place to live.

Enhancement Strategy

Token-holders of E 120th can anticipate an expected rental income of 9.69%, making it a promising investment opportunity. Acquired for $67,000, the property aligns with RealT’s portfolio strategy and economies-of-scale approach, as it is located close to 12318 Imperial and 3344 E 140th. To further enhance the property, we have allocated a $10,000 renovation budget for siding, entry, and garage fixes, along with painting and deferred maintenance. This comprehensive strategy aims to contribute to the property’s long-term value and success within the RealT portfolio.

Map

Property Records

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Why Cleveland?

Invest Right

Cleveland’s robust economy traces its roots to the early 20th century, when it thrived as the sixth-largest city in the United States, with a population of just under one million residents. Its growth was fueled by its role as a port city connected to the Atlantic Ocean through the Saint Lawrence Seaway. Its economic landscape is diverse, including sectors such as higher education, manufacturing, financial services, healthcare, and biomedical technology.

Cleveland’s real estate market is characterized by steady home appreciation, making it one of the US markets least susceptible to price fluctuations. This resilience is sustained by factors such as its strategic location near rail and water routes, coupled with abundant natural resources like iron and oil. The city’s neighborhoods showcase a blend of historic architecture and modern developments, contributing to a contemporary and welcoming atmosphere.

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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