It looks like you’re in the U.S.

Thank you for your interest in RealT. We’re currently working on a new offering for U.S. persons that is not yet ready for distribution. It’s coming soon – register and we’ll be sure to notify you when it’s ready!

We appreciate your understanding as we continue to redefine real estate investing around the globe.


4252 E 163rd St, Cleveland, OH 44128

View Smart Contracts: Eth Gnosis

Total Investment: $ 107,121.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Property Highlights

  • Expected Income

    9.80%

    Not including capital appreciation

  • Income per Token

    $ 5.00 / year
  • Income Start Date

    April 1, 2024
  • Token Price

    $ 51.01
  • Total Tokens

    2,100

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

    4252 E 163rd St, Cleveland, OH 44128
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Lee Miles
  • Construction Year

    1925
  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    Section 8
  • Rent Subsidy Pays...

    80%

Property Financials

  • Gross Rent / year

    $ 15,600.00
  • Gross Rent / month

    $ 1,300.00
  • Monthly Costs

    - $ 425.00
    • Property Management (8.00%)
      - $ 104.00
    • RealT Platform (2.00%)
      - $ 26.00
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 100.00
    • Insurance
      - $ 75.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 875.00
  • Net Rent / year

    $ 10,500.00
  • Total Investment

    $ 107,121.00
    • Underlying Asset Price
      $ 87,000.00
    • Sourcing Fee (10%)
      $ 10,712.10
    • Initial Maintenance Reserve
      $ 2,600.00
    • Initial Renovation Reserve
      $ 4,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 107,112.10
    • Rounding Difference
      $ 8.90
  • Expected Income

    9.80%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    6,250
  • Foundation

    Masonry
  • Exterior Walls

    Frame
  • Roof Type

    Asphalt / Fiberglass
  • Interior Size (sqft)

    1,829
  • Heating

    Gas / Forced Air
  • Building Class

    C
  • Renovated

    Yes
  • Property Manager

    Progressive Urban Property Management

Blockchain

  • Identifier

    REALTOKEN-S-4252-E-163RD-ST-CLEVELAND-OH
  • Total Tokens

    2100

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    January 25, 2024
  • Issuer

    RealToken International 4252 E 163rd St Inc
  • Min. Investment Amount

    $51.01
  • Max. Investment Amount

    $107,121.00
  • Amount Raised

    $107,121.00
  • Offering Percent (of Total Tokens)

    100.00%

Rent Assistance!

This property's rent is partly or wholly paid by the U.S. Federal Government through HUD Section 8.

The rent of Section 8 properties is usually exceptionally stable.

About the Property

Warm and Inviting

4252 E 163rd is an olive-hued single-family residence with a lush front lawn, 3 bedrooms, and 1 bathroom, as well as a handy 2-car garage. With a living space of 1,829 square feet on an ample 6,250 square-foot lot, this home prioritizes space and comfort: it includes a first-floor bedroom and bathroom, a large eat-in kitchen, hardwood floors, and a basement with ample storage space. The property sits near Miles Playfield, Zion Chapel Baptist Church, and Breakthrough Public Schools, a network of K-8 free, public charter schools with five campuses throughout greater Cleveland.

A Tranquil Oasis with Rich History

4252 E 163rd is located in the suburb-like Lee Miles neighborhood, a community with a rich history dating back to the early 1920s. Initially considered Cleveland’s first ward, Lee Miles has evolved from a collection of cabins into a community with a distinct identity. The residential streets are filled with a mix of modest bungalows and larger colonial residences, along with some charming homes from the early 1920s.

Appealing Returns and Efficient Management

4252 E 163rd offers a solid expected rental income of 9.80%. The property was acquired for $87,000, and the listing price incorporates a $4,000 renovation budget that covers garden maintenance, interior repairs, and deferred maintenance, ensuring the property remains attractive and well-maintained. Located very close to 16704 Talford and 15715 Talford, this residence should enjoy decreased operational costs, creating efficiency and maximizing returns on investment.

Map

Property Records

Please sign in to view property records. Sign In >

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.

Previous Properties

No Previous Properties were found for your area. US persons can only view US-only properties, and non-US persons can only view Non-US properties. If you believe you're seeing this message in error, please contact us via chat in the lower right corner of the website!
It looks like there are no previous properties at this time.
To improve site performance, the previous property query has been temporarily disabled until 15:32 UTC

    RealT has sold 459 other properties to investors around the world!

    For more information about these properties, please contact us via chat in the lower right corner of your screen, or email us at [email protected].