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4008 Lillibridge St, Detroit, MI 48214

View Smart Contracts: Eth Gnosis

Total Investment: $ 73,838.50

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.42%

    Not including capital appreciation

  • Income per Token

    $ 4.71 / year
  • Income Start Date

    May 1, 2024
  • Token Price

    $ 50.06
  • Total Tokens

    1,475

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

    4008 Lillibridge St, Detroit, MI 48214
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    West End
  • Construction Year

    2000
  • Bedroom/Bath

    4 Beds / 2 Baths
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 12,660.00
  • Gross Rent / month

    $ 1,055.00
  • Monthly Costs

    - $ 475.50
    • Property Management (8.00%)
      - $ 84.40
    • RealT Platform (2.00%)
      - $ 21.10
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 170.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 579.50
  • Net Rent / year

    $ 6,954.00
  • Total Investment

    $ 73,838.50
    • Underlying Asset Price
      $ 58,500.00
    • Sourcing Fee (10%)
      $ 7,383.85
    • Initial Maintenance Reserve
      $ 2,110.00
    • Initial Renovation Reserve
      $ 3,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 73,843.85
    • Rounding Difference
      - $ 5.35
  • Expected Income

    9.42%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    3,049
  • Foundation

    Masonry
  • Exterior Walls

    Siding
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,440
  • Heating

    Forced Heat
  • Cooling

    Forced Cooling
  • Building Class

    C
  • Renovated

    Partial
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-4008-LILLIBRIDGE-ST-DETROIT-MI
  • Total Tokens

    1475

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    March 8, 2024
  • Issuer

    RealToken International 4008 Lillibridge St Inc
  • Min. Investment Amount

    $50.06
  • Max. Investment Amount

    $73,838.50
  • Amount Raised

    $73,838.50
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Reinvestment Property

Discover the charm of 4008 Lillibridge, a two-story single-family brick residence sporting a garage and a front porch. Equipped with 4 bedrooms and 2 bathrooms, this reinvestment property is located in the dynamic West End neighborhood, an emerging residential area on Detroit’s east side undergoing revitalization and growth. Its proximity to downtown Detroit makes the West End an attractive location for homebuyers seeking affordability without compromising on convenience.

Recreational Delights

Within the neighborhood, residents have access to two parks offering open fields suitable for football or soccer. Castador Park and Brewer Park provide opportunities for outdoor activities and leisure. Just northeast of West End lies Chandler Park, a sprawling 200-acre green space featuring fields for various sports, basketball and tennis courts, a par-71 golf course, a skate park, and the Wayne County Family Aquatic Center. The neighborhood’s proximity to Interstate 94 and key avenues facilitates easy commuting options for residents.

Concentric Circle Strategy

Token-holders of 4008 Lillibridge can anticipate an expected income of 9.42%, making it an attractive way to compound your investments. The residence was acquired for $58,500, and a $3,000 renovation budget has been allocated for porch and roof upgrades. Our portfolio of properties in the area supports our concentric circle strategy, aiming to achieve economies-of-scale; alongside 4008 Lillibridge, we own nearby properties like 4421 Lillibridge, 4422 Lillibridge, and 1 Holdings Fairview. Collectively, RealT owns around 60,000 square feet of living space in the area, and these properties’ proximity allows for resource sharing and streamlined operations, ultimately benefiting our investors through reduced costs and increased returns. ​​

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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