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3728 Atkinson St, Detroit, MI 48206

View Smart Contracts: Eth xDai

Total Investment: $ 241,344.00

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

    10.06%

    Not including capital appreciation

  • Income Start Date

    September 1, 2023
  • Income per Token

    $ 5.06 / year
  • Token Price

    $ 50.28
  • Total Tokens

    4,800

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

    Quadplex
  • Full Address

    3728 Atkinson St, Detroit, MI 48206
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Nardin Park
  • Construction Year

    1923
  • Total Units

    4 Units
  • Bedroom/Bath

    4x1 Bed / 4x1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 34,320.00
  • Gross Income / month

    $ 2,860.00
  • Monthly Costs

    - $ 836.00
    • Property Management (8.00%)
      - $ 228.80
    • RealT Platform (2.00%)
      - $ 57.20
    • Maintenance Expenses
      - $ 350.00
    • Property Taxes
      - $ 105.00
    • Insurance
      - $ 95.00
    • Utilities
      Tenant-paid
  • Net Income / month

    $ 2,024.00
  • Net Income / year

    $ 24,288.00
  • Total Investment

    $ 241,344.00
    • Underlying Asset Price
      $ 180,000.00
    • Sourcing Fee (10%)
      $ 24,135.56
    • Initial Maintenance Reserve
      $ 5,720.00
    • Initial Renovation Reserve
      $ 30,000.00
    • Administrative Fees
      $ 1,500.00
    • Unrounded Listing Price
      $ 241,355.56
    • Rounding Difference
      - $ 11.56
  • Expected Income

    10.06%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,095
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    3,950
  • Heating

    Forced Air w/o Ducts, Gas
  • Cooling

    None
  • Building Class

    C
  • Renovated

    Not renovated
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-3728-ATKINSON-ST-DETROIT-MI
  • Total Tokens

    4800

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    August 1, 2023
  • Issuer

    RealToken International 3728 Atkinson St Inc
  • Min. Investment Amount

    $50.28
  • Max. Investment Amount

    $241,344.00
  • Amount Raised

    $241,344.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

3728 Atkinson

Located in Detroit’s historic Nardin Park neighborhood, 3728 Atkinson is a quadplex with four 1-bed, 1-bath apartments, offering a total of 3,950 square-feet of living space on a 4,095 square-foot lot.

Originally constructed in 1923, the property features a brick exterior, forced air gas heating without ductwork, an asphalt roof, and a masonry foundation. It has been maintained in good overall condition and we have dedicated $30,000 for distinct upgrades like wall paint and carpeting, enhancing both the aesthetic and comfort for our tenants and ensuring a continuously improving living experience.

Tenants will find neighborhood amenities like restaurants, groceries, schools, buses, and parks within walking distance. This location also grants easy access to essential highways I-75 and the Lodge Expressway, along with other main transportation arterials.

RealT has already acquired rental assets on nearby Chenlot and Elmhurst streets to continue developing our economies of scale in this up-and-coming area.

A projected 10.06% rental return makes this an appealing investment opportunity.

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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