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3514 Medbury St, Detroit, MI 48211

View Smart Contracts: Eth Gnosis

Total Investment: $ 75,360.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    10.05%

    Not including capital appreciation

  • Income per Token

    $ 5.05 / year
  • Income Start Date

    June 1, 2024
  • Token Price

    $ 50.24
  • 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

    3514 Medbury St, Detroit, MI 48211
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Poletown East
  • Construction Year

    1913
  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 11,880.00
  • Gross Rent / month

    $ 990.00
  • Monthly Costs

    - $ 359.00
    • Property Management (8.00%)
      - $ 79.20
    • RealT Platform (2.00%)
      - $ 19.80
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 65.00
    • Insurance
      - $ 75.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 631.00
  • Net Rent / year

    $ 7,572.00
  • Total Investment

    $ 75,360.00
    • Underlying Asset Price
      $ 38,000.00
    • Sourcing Fee (10%)
      $ 7,536.00
    • Initial Maintenance Reserve
      $ 1,980.00
    • Initial Renovation Reserve
      $ 25,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 75,366.00
    • Rounding Difference
      - $ 6.00
  • Expected Income

    10.05%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    3,877
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,010
  • Heating

    Gas / Forced Air w/ Ducts
  • Building Class

    C

Blockchain

  • Identifier

    REALTOKEN-S-3514-MEDBURY-ST-DETROIT-MI
  • Total Tokens

    1500

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    February 16, 2024
  • Issuer

    RealToken International 3514 Medbury St Inc
  • Min. Investment Amount

    $50.24
  • Max. Investment Amount

    $75,360.00
  • Amount Raised

    $75,360.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Marked for Revitalization

3514 Medbury was acquired for a mere $38,000, and is earmarked for revitalization with a $25,000 renovation budget to rebuild the former porch and repair the stairs, along with interior renovations such as a kitchen remodel, new floors, painting, and a new bathtub. This single-family brick residence offers 3 bedrooms and 1 bathroom along with proximity to emergency services like the fire station and police station. Medbury already has an interested tenant ready to move in as soon as the renovations are done.

A Neighborhood Reborn

The tenant interest in Medbury is no surprise, because the up-and-coming Poletown East neighborhood has revitalized itself as a hip area, with many new businesses and restaurants. Residents appreciate the classic colonial and Victorian-style residences alongside new venues, and Poletown East promises a great future for both residents and investors.

RealT’s Expanding Block

Token-holders can expect a 10.05% rental income from Medbury, a return supported by the extensive improvements coming to the property and the neighborhood at large. RealT’s expanding investments in the same block, like 5933 Moran, 5837 Moran, and 3406 Medbury, are all elevating the up-and-coming Poletown East neighborhood while creating economies of scale for investors. By integrating 3514 Medbury into its portfolio, RealT continues to identify undervalued assets and underscore its commitment to enhancing investor value through thoughtful redevelopment and strategic positioning.

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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