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4430 Lillibridge St, Detroit, MI 48214

View Smart Contracts: Eth Gnosis

Total Investment: $ 76,146.00

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

    9.79%

    Not including capital appreciation

  • Income per Token

    $ 5.04 / year

  • Income Start Date

    May 1, 2024

  • Token Price

    $ 51.45

  • 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

    4430 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

    $ 13,080.00

  • Gross Rent / month

    $ 1,090.00

  • Monthly Costs

    - $ 469.00
    • Property Management (8.00%)
      - $ 87.20
    • RealT Platform (2.00%)
      - $ 21.80
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 160.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 621.00

  • Net Rent / year

    $ 7,452.00

  • Total Investment

    $ 76,146.00
    • Underlying Asset Price
      $ 60,000.00
    • Sourcing Fee (10%)
      $ 7,614.60
    • Initial Maintenance Reserve
      $ 2,180.00
    • Initial Renovation Reserve
      $ 3,500.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 76,144.60
    • Rounding Difference
      $ 1.40

  • Expected Income

    9.79%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,835

  • 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-4430-LILLIBRIDGE-ST-DETROIT-MI

  • Total Tokens

    1480

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    March 8, 2024

  • Issuer

    RealToken International 4430 Lillibridge St Inc

  • Min. Investment Amount

    $51.45

  • Max. Investment Amount

    $76,146.00

  • Amount Raised

    $76,146.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

A Green Haven

Look into 4430 Lillibridge, a meticulously-maintained 2-story single-family home set on a spacious 4,835 square-foot lot. Its 4 bedrooms and 2 bathrooms provide a comfortable haven for families seeking solace, and the attached garage, front porch, and ample sidewalks offer a blend of charm and functionality. Situated in proximity to Brewer Park, residents enjoy easy access to a range of recreational amenities and lush green spaces.

A Growing Community

The West End neighborhood’s ongoing revitalization and growth add to the appeal of this residential gem with convenient access to downtown Detroit. Brewer Park, located very close to 4430 Lillibridge, caters to all age groups, and the park’s versatile facilities and scenic picnic spots make it a cherished destination for leisure and sports.

Economies of Scale

4430 Lillibridge promises an expected income of 9.79%. This property was acquired for $60,000, and the listing price includes a $3,500 renovation budget allocated for landscaping and deferred maintenance. This property offers growth potential, and benefits from its prime location near 3937 Lillibridge, 4422 Lillibridge,  and 1 Holdings Fairview. This location enhances RealT’s economies-of-scale strategy, delivering cost efficiencies and maximizing the investment appeal of this property in the thriving West End neighborhood.

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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