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4218 Denison Ave, Cleveland, OH 44109

View Smart Contracts: Eth Gnosis

Total Investment: $ 90,612.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.73%

    Not including capital appreciation

  • Income per Token

    $ 4.90 / year
  • Income Start Date

    April 6, 2024
  • Token Price

    $ 50.34
  • Total Tokens

    1,800

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

    Duplex
  • Full Address

    4218 Denison Ave, Cleveland, OH 44109
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Brooklyn - Centre
  • Construction Year

    1914
  • Total Units

    2 Units
  • Bedroom/Bath

    1x3 Beds ; 1x2 Beds / 1x1.5 Baths ; 1x1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 16,200.00
  • Gross Rent / month

    $ 1,350.00
  • Monthly Costs

    - $ 615.00
    • Property Management (8.00%)
      - $ 108.00
    • RealT Platform (2.00%)
      - $ 27.00
    • Maintenance Expenses
      - $ 180.00
    • Property Taxes
      - $ 150.00
    • Insurance
      - $ 150.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 735.00
  • Net Rent / year

    $ 8,820.00
  • Total Investment

    $ 90,612.00
    • Underlying Asset Price
      $ 66,000.00
    • Sourcing Fee (10%)
      $ 9,061.20
    • Initial Maintenance Reserve
      $ 2,700.00
    • Initial Renovation Reserve
      $ 10,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 90,611.20
    • Rounding Difference
      $ 0.80
  • Expected Income

    9.73%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    1,716
  • Foundation

    Masonry
  • Exterior Walls

    Frame
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    2,566
  • Heating

    Gas / Forced Air
  • Building Class

    C
  • Renovated

    Yes

Blockchain

  • Identifier

    REALTOKEN-S-4218-DENISON-AVE-CLEVELAND-OH
  • Total Tokens

    1800

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    February 8, 2024
  • Issuer

    RealToken International 4218 Denison Ave Inc
  • Min. Investment Amount

    $50.34
  • Max. Investment Amount

    $90,612.00
  • Amount Raised

    $90,612.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Residential Mix

4218 Denison is a unique duplex featuring two units with different layouts. One unit offers 3 bedrooms and 1.5 bathrooms, while the second unit offers 2 bedrooms and 1 bathroom; this diversity of housing options allows Denison to accommodate various family sizes and preferences. Conveniently located near the Brookside Stadium and the Cleveland Metroparks Zoo, residents can enjoy nearby recreational activities and cultural attractions.

Rich Heritage

The Brooklyn Centre neighborhood is one of Cleveland’s oldest West Side communities, founded in 1812. Brooklyn Centre is home to over 8,000 people, and it offers residents a suburban feel surrounded by historic residential and commercial buildings. The housing units showcase a blend of one- and two-story single-family homes and small multifamily dwellings dating back to the 1900s. Notable amenities within the neighborhood include MetroHealth Hospital, the Cleveland Metroparks Zoo, and the Steelyard Commons Shopping Center.

RealT’s Growth Strategy

Token-holders of 4218 Denison can anticipate an attractive expected rental income of 9.73%. Acquired for a reasonable $66,000, this property’s listing price includes a $10,000 renovation budget for entry upgrades, roof repair, painting, and deferred maintenance. The strategic location close to 8308 Denison further enhances our economies-of-scale strategy.

Map

Property Records

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Why Cleveland?

Invest Right

Cleveland’s robust economy traces its roots to the early 20th century, when it thrived as the sixth-largest city in the United States, with a population of just under one million residents. Its growth was fueled by its role as a port city connected to the Atlantic Ocean through the Saint Lawrence Seaway. Its economic landscape is diverse, including sectors such as higher education, manufacturing, financial services, healthcare, and biomedical technology.

Cleveland’s real estate market is characterized by steady home appreciation, making it one of the US markets least susceptible to price fluctuations. This resilience is sustained by factors such as its strategic location near rail and water routes, coupled with abundant natural resources like iron and oil. The city’s neighborhoods showcase a blend of historic architecture and modern developments, contributing to a contemporary and welcoming atmosphere.

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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