It looks like you’re in the U.S.

Thank you for your interest in RealT. We’re currently working on a new offering for U.S. persons that is not yet ready for distribution. It’s coming soon – register and we’ll be sure to notify you when it’s ready!

We appreciate your understanding as we continue to redefine real estate investing around the globe.


3406 Medbury St, Detroit, MI 48211

View Smart Contracts: Eth Gnosis

Total Investment: $ 127,075.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Property Highlights

  • Expected Income

    10.07%

    Not including capital appreciation

  • Income per Token

    $ 5.12 / year
  • Income Start Date

    September 1, 2023
  • Token Price

    $ 50.83
  • Total Tokens

    2,500

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

    Duplex
  • Full Address

    3406 Medbury St, Detroit, MI 48211
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Poletown East
  • Construction Year

    1910
  • Total Units

    2 Units
  • Bedroom/Bath

    2x2 Beds ; 2x1 Baths
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 17,220.00
  • Gross Rent / month

    $ 1,435.00
  • Monthly Costs

    - $ 368.50
    • Property Management (8.00%)
      - $ 114.80
    • RealT Platform (2.00%)
      - $ 28.70
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 50.00
    • Insurance
      - $ 55.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 1,066.50
  • Net Rent / year

    $ 12,798.00
  • Total Investment

    $ 127,075.00
    • Underlying Asset Price
      $ 90,000.00
    • Sourcing Fee (10%)
      $ 12,707.78
    • Initial Maintenance Reserve
      $ 2,870.00
    • Initial Renovation Reserve
      $ 20,000.00
    • Administrative Fees
      $ 1,500.00
    • Unrounded Listing Price
      $ 127,077.78
    • Rounding Difference
      - $ 2.78
  • Expected Income

    10.07%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,530
  • Foundation

    Masonry
  • Exterior Walls

    Siding
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    2,562
  • Heating

    Forced Air w/o Ducts, Gas
  • Cooling

    None
  • Building Class

    C
  • Renovated

    No
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-3406-MEDBURY-ST-DETROIT-MI
  • Total Tokens

    2500

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    August 4, 2023
  • Issuer

    RealToken International 3406 Medbury St Inc
  • Min. Investment Amount

    $50.83
  • Max. Investment Amount

    $127,075.00
  • Amount Raised

    $127,075.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

3406 Medbury

3406 Medbury is a duplex situated in Detroit’s Poletown East neighborhood. Constructed in 1910, this home contains 2 bedrooms and 1 bathroom in each unit, providing a total living space of 2,562 square feet on a 4,530-square-foot lot. It features an asphalt roof, siding exterior, masonry foundation, and forced air heating powered by natural gas without ductwork. The doors are located on the side of the building to maximize internal space.

Situated close to a fire station, police station, and the nearby I-94 freeway, Medbury’s location provides good access to amenities and transportation routes. The proximity to emergency services adds security value, and accessibility for commuters is good given the property’s connection to the major freeway.

In addition to this property, RealT is also offering 5837 Moran, adding value to the area. Altogether, the location offers good access, security, commute convenience, and neighborhood improvement through RealT’s investments.

We expect 3406 Medbury to generate a rental income of 10.07%.

Map

Property Records

Please sign in to view property records. Sign In >

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.

Previous Properties

No Previous Properties were found for your area. US persons can only view US-only properties, and non-US persons can only view Non-US properties. If you believe you're seeing this message in error, please contact us via chat in the lower right corner of the website!
It looks like there are no previous properties at this time.
To improve site performance, the previous property query has been temporarily disabled until 00:32 UTC

    RealT has sold 458 other properties to investors around the world!

    For more information about these properties, please contact us via chat in the lower right corner of your screen, or email us at [email protected].