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4009 Lillibridge St, Detroit, MI 48214

View Smart Contracts: Eth Gnosis

Total Investment: $ 74,384.80

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.36%

    Not including capital appreciation

  • Income per Token

    $ 4.71 / year
  • Income Start Date

    May 1, 2024
  • Token Price

    $ 50.26
  • Total Tokens

    1,480

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

    4009 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

    $ 12,540.00
  • Gross Rent / month

    $ 1,045.00
  • Monthly Costs

    - $ 464.50
    • Property Management (8.00%)
      - $ 83.60
    • RealT Platform (2.00%)
      - $ 20.90
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 160.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 580.50
  • Net Rent / year

    $ 6,966.00
  • Total Investment

    $ 74,384.80
    • Underlying Asset Price
      $ 59,000.00
    • Sourcing Fee (10%)
      $ 7,438.48
    • Initial Maintenance Reserve
      $ 2,090.00
    • Initial Renovation Reserve
      $ 3,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 74,378.48
    • Rounding Difference
      $ 6.32
  • Expected Income

    9.36%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    6,098
  • Foundation

    Masonry
  • Exterior Walls

    Siding
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,296
  • Heating

    Forced Heat
  • Cooling

    Forced Cooling
  • Building Class

    C
  • Renovated

    Partial
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-4009-LILLIBRIDGE-ST-DETROIT-MI
  • Total Tokens

    1480

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    March 8, 2024
  • Issuer

    RealToken International 4009 Lillibridge St Inc
  • Min. Investment Amount

    $50.26
  • Max. Investment Amount

    $74,384.80
  • Amount Raised

    $74,384.80
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Reinvestment Property

4009 Lillibridge is a single-family residence located in the West End neighborhood of Detroit. This property sits on an ample 6,098-square-foot lot and features 4 bedrooms, 2 bathrooms and an attached garage. Built in the year 2000, its proximity to Interstate 94 offers residents easy access for commuting downtown or to the suburbs via Warren Avenue and Gratiot Avenue.  All of these factors combine to make 4009 Lillibridge an excellent income reinvestment opportunity.

Commuting Options

While West End is primarily residential, residents enjoy convenient access to nearby commercial and industrial areas; the community is situated near two Stellantis plants that produce Jeep and Dodge vehicles, employing nearly 10,000 workers. The neighborhood features easy access to stores, groceries, and casual dining options, and public transit is available along Shoemaker Street, Warren Avenue, and Cadillac Avenue, facilitating travel throughout the city.

Concentric Circles

This property offers an expected income of 9.36% for token-holders, with an excellent acquisition price of $59,000 creating future growth opportunities. The listing price also includes a $3,000 renovation budget for entry and siding enhancements. Our portfolio of properties in the area supports our concentric circle strategy, aiming to achieve economies-of-scale; 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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