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3344 E 140th St, Cleveland, OH 44120

View Smart Contracts: Eth xDai

Total Investment: $ 197,372.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.80%

    Not including capital appreciation

  • Income Start Date

    March 1, 2022
  • Income per Token

    $ 5.09 / year
  • Token Price

    $ 51.94
  • Total Tokens

    3,800

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

    Multi Family
  • Full Address

    3344 E 140th St, Cleveland, OH 44120
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Mount Pleasant
  • Construction Year

    1926
  • Total Units

    4 Units
  • Bedroom/Bath

    4x2 Bed / 4x1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 27,720.00
  • Gross Income / month

    $ 2,310.00
  • Monthly Costs

    - $ 698.00
    • Property Management (8.00%)
      - $ 184.80
    • RealT Platform (2.00%)
      - $ 46.20
    • Maintenance Expenses
      - $ 115.00
    • Property Taxes
      - $ 172.00
    • Insurance
      - $ 90.00
    • Utilities
      - $ 90.00
  • Net Income / month

    $ 1,612.00
  • Net Income / year

    $ 19,344.00
  • Total Investment

    $ 197,372.00
    • Underlying Asset Price
      $ 158,000.00
    • Sourcing Fee (10%)
      $ 19,735.56
    • Initial Maintenance Reserve
      $ 4,620.00
    • Initial Renovation Reserve
      $ 15,000.00
    • Unrounded Listing Price
      $ 197,355.56
    • Rounding Difference
      $ 16.44
  • Expected Income

    9.80%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    5,662
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Parking

    Street Parking
  • Interior Size (sqft)

    4,254
  • Heating

    Forced Air / Natural Gas
  • Cooling

    None

Test Renovation content!

Offering Details

  • Offering Date

    February 15, 2022
  • Issuer

    RealToken International 3344 E 140th Street Cleveland OH Inc
  • Min. Investment Amount

    $51.94
  • Max. Investment Amount

    $197,372.00
  • Amount Raised

    $197,372.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

3344 E 140th

This adorable brick 4-unit multifamily was built in 1926, and retains that era’s classic brick styling along with some gorgeous detailing around the front windows and doors. Each of its four units enjoys an independent balcony as well as two bedrooms, and the greater neighborhood of Mount Pleasant is just that – pleasant! – filled with well-maintained homes from a variety of periods.

Located several long blocks from the highway, E 140th is a quiet place to live that makes for an excellent rental investment property, and RealT has set aside $15,000 to make sure it keeps its charm for years to come!

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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