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4340 East 71, Cleveland, OH 44105

View Smart Contracts: Eth xDai

Total Investment: $ 434,960.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    13.08%

    Not including capital appreciation

  • Rent per Token

    $ 7.11 / year
  • Rent Start Date

    December 1, 2020
  • Token Price

    $ 54.37
  • Total Tokens

    8,000

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

    Mixed-Use
  • Neighborhood

    South Broadway
  • Construction Year

    1900
  • Total Units

    10 Units
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Section 8?

    No

Property Financials

  • Gross Rent / year

    $ 68,760.00
  • Gross Rent / month

    $ 5,730.00
  • Monthly Costs

    - $ 988.84
    • Property Management (8.00%)
      - $ 458.40
    • RealT Platform (2.00%)
      - $ 114.60
    • Property Taxes
      - $ 147.17
    • Insurance
      - $ 268.67
    • Utilities
      Tenant-paid
  • Net Rent / month

    $ 4,741.16
  • Net Rent / year

    $ 56,893.92
  • Total Investment

    $ 434,960.00
    • Underlying Asset Price
      $ 300,000.00
    • Operating Expense Reimbursement (10%)
      $ 43,496.00
    • Initial Maintenance Reserve
      $ 11,460.00
    • Initial Renovation Reserve
      $ 80,000.00
    • Unrounded Listing Price
      $ 434,956.00
    • Rounding Difference
      $ 4.00
  • Expected Income

    13.08%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    15,969
  • Interior Size (sqft)

    6,303

Test Renovation content!

Offering Details

  • Offering Date

    October 20, 2020
  • Issuer

    RealToken LLC - Series #33 - 4340 East 71
  • Min. Investment Amount

    $54.37
  • Max. Investment Amount

    $434,960.00
  • Amount Raised

    $434,960.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

What a fantastic opportunity this is!  Built in 1900, this solid brick multi-family includes two ground-floor commercial spaces–a first for RealT investors!  And to secure this property’s yield into the future, we’re putting in $80,000 in renovations to update and stabilize the building.  This renovation fund is included in the current asset price, so the Expected Yield should not be affected.  4340 East 71 has all the makings of an excellent long-term investment.

This property includes a total of 8 residential units along with a restaurant and an industrial workshop.  It also enjoys 12 on-property parking spaces to make commercial traffic inviting, and includes two rentable storage units as well–a nice perk for residents who need some extra space, and a nice bit of additional income for our landlords!

4340 East 71 is located adjacent to both a church and a school, and sits just a few blocks away from a large UPS distribution center.  This proximity to a large employer is one of the features that makes classic working-class neighborhoods like this so appealing–it makes a tenant’s morning commute short, and it makes a landlord’s job much easier when the time comes to fill a vacant unit.  Many of 4340’s current tenants work at the distribution center already!  On top of that, this location offers residents and customers easy access to the highway, making home just a quick hop away from central Cleveland.  All in all, a very appealing place to live and work!

We will be providing details on the upcoming renovations in the coming days.  Check back here soon!

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Why Cleveland?

Invest Right

Cleveland is a city transformed. Once dependent on the manufacturing industry for its prosperity, this vibrant midwest city has reinvented its economy and diversified into a myriad of industries including service, high-tech, blue- and white-collar employment. This makes the city stronger overall, and poised for growth wherever the future takes it.

Cleveland’s recent building boom is driven by its excellent rental market and the growing tourism and convention industry, and it has been identified as a top location for college graduates to start their careers. Add to that the natural beauty of Lake Erie’s southern shore, the Rock and Roll Hall of Fame, one of the world’s finest orchestras, and lively major-league sports teams, and it’s easy to see why Cleveland is the place to be.

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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