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3244 Pasadena St, Detroit, MI 48238

View Smart Contracts: Eth xDai

Total Investment: $ 107,149.80

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Token Type

    Standard Equity
  • Expected Income


    Not including capital appreciation

  • Income Start Date

    August 1, 2024
  • Income per Token

    $ 4.60 / year
  • Token Price

    $ 50.07
  • Total Tokens


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

    3244 Pasadena St, Detroit, MI 48238
  • Country

  • Source

  • Neighborhood

    Oakman Boulevard
  • Construction Year

  • Bedroom/Bath

    4 Beds / 2 Baths
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?


Property Financials

  • Gross Income / year

    $ 15,540.00
  • Gross Income / month

    $ 1,295.00
  • Monthly Costs

    - $ 474.50
    • Property Management (8.00%)
      - $ 103.60
    • RealT Platform (2.00%)
      - $ 25.90
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 140.00
    • Insurance
      - $ 85.00
    • Utilities
  • Net Income / month

    $ 820.50
  • Net Income / year

    $ 9,846.00
  • Total Investment

    $ 107,149.80
    • Underlying Asset Price
      $ 87,000.00
    • Sourcing Fee (10%)
      $ 10,714.98
    • Initial Maintenance Reserve
      $ 2,590.00
    • Initial Renovation Reserve
      $ 4,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 107,154.98
    • Rounding Difference
      - $ 5.18
  • Expected Income


    Not including capital appreciation

Property Details

  • Lot Size (sqft)

  • Foundation

  • Exterior Walls

  • Roof Type

  • Interior Size (sqft)

  • Heating

    Gas / Forced Air
  • Building Class

  • Renovated

  • Property Manager

    New Detroit Property Management


  • Identifier

  • Total Tokens


Gnosis Chain


Test Renovation content!

Offering Details

  • Offering Date

    June 7, 2024
  • Issuer

    RealToken International 3244 Pasadena St Inc
  • Min. Investment Amount

  • Max. Investment Amount

  • Amount Raised

  • Offering Percent (of Total Tokens)


About the Property

A Spacious Home

3244 Pasadena is a stately 2-story single-family brick residence composed of 4 bedrooms and 2 bathrooms on a spacious 3,920 square-foot lot for the family to enjoy. This home offers convenience, a sense of community, and security, being located near the Grand AFC Home Assisted Living Facility, the Detroit Fire Department, and the Parkman Detroit Public Library.

A Historic Neighborhood

3244 Pasadena is part of a community with a rich history and diverse architecture. The Oakman Boulevard neighborhood is named after master land developer Robert Oakman, and the neighborhood features homes in Colonial Revival, early English, and Tudor styles, along with classic Foursquares and bungalows from the early 20th century, all along tranquil, tree-lined streets. Residents enjoy access to chain restaurants like McDonald’s and Taco Bell, as well as unique local eateries like Asian Corned Beef and the Midwest Grille.

A Profitable Investment

Investing in 3244 Pasadena offers an expected annual income of 9.19%. The property, purchased for $87,000, includes a $4,000 renovation budget allocated to painting and roof maintenance, ensuring it remains appealing. This property is part of RealT’s broader economies-of-scale strategy, which includes nearby properties such as 1991 Ewald, 13700 Dexter, and 4061 Grand. By concentrating properties in the same area, RealT effectively reduces maintenance expenses and enhances overall returns.


Property Records

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Why Detroit?


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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