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3015 Northwestern St, Detroit, MI 48206

View Smart Contracts: Eth Gnosis

Total Investment: $ 75,840.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.47%

    Not including capital appreciation

  • Income per Token

    $ 4.79 / year
  • Income Start Date

    January 1, 2024
  • Token Price

    $ 50.56
  • Total Tokens

    1,500

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

    3015 Northwestern St, Detroit, MI 48206
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Rose Parks
  • Construction Year

    1911
  • Bedroom/Bath

    4 Beds / 1.5 Baths
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 11,700.00
  • Gross Rent / month

    $ 975.00
  • Monthly Costs

    - $ 376.50
    • Property Management (8.00%)
      - $ 78.00
    • RealT Platform (2.00%)
      - $ 19.50
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 113.00
    • Insurance
      - $ 56.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 598.50
  • Net Rent / year

    $ 7,182.00
  • Total Investment

    $ 75,840.00
    • Underlying Asset Price
      $ 58,500.00
    • Sourcing Fee (10%)
      $ 7,583.33
    • Initial Maintenance Reserve
      $ 1,950.00
    • Initial Renovation Reserve
      $ 5,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 75,833.33
    • Rounding Difference
      $ 6.67
  • Expected Income

    9.47%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    3,833
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,749
  • Heating

    Forced Air w/ Ducts
  • Building Class

    C
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-3015-NORTHWESTERN-ST-DETROIT-MI
  • Total Tokens

    1500

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    November 24, 2023
  • Issuer

    RealToken International 3015 Northwestern St Inc
  • Min. Investment Amount

    $50.56
  • Max. Investment Amount

    $75,840.00
  • Amount Raised

    $75,840.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

3015 Northwestern

3015 Northwestern is a lovely single-family residence located in the Rose Parks neighborhood. This well-maintained brick home with 4 bedrooms and 1.5 bathrooms, occupies 1,749 square feet of living space on a 3,833-square-foot lot, and offers a comfortable living space in a calm and convenient location. The residence features ample closet space, additional storage in the basement, and a spacious walk-up attic, providing practical solutions for the tenant’s needs.

Situated near Bishop Park, Northwestern High School, and the Tabernacle Missionary Baptist Church, this property provides easy access to amenities and a peaceful community atmosphere. The neighborhood, just off W. Grand Blvd., is minutes away from New Center and Highway 96, ensuring a seamless connection to shopping and other conveniences.

The strategic proximity to our 882–884 Pingree duplex enables us to optimize maintenance expenses and collaboratively enhance property values for all locations. This synergy creates a cost-effective approach to property management, ensuring long-term value for our investors.

Anticipate a solid return on investment with a projected 9.47% expected rental income. Acquired for $58,500, this property presents a unique opportunity to invest in a well-positioned residence. Enhancements are planned to elevate the property, including a $5,000 renovation budget allocated for painting, siding upgrades, and improvements to windows and the entryway. These thoughtful enhancements aim to add value to the property while maintaining its classic appeal.

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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