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4433 Lillibridge St, Detroit, MI 48213

View Smart Contracts: Eth xDai

Total Investment: $ 75,495.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Token Type

    Standard Equity
  • Expected Income

    9.30%

    Not including capital appreciation

  • Income Start Date

    August 1, 2024
  • Income per Token

    $ 4.68 / year
  • Token Price

    $ 50.33
  • Total Tokens

    1,500

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

    4433 Lillibridge St, Detroit, MI 48213
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    West End
  • Construction Year

    2000
  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 12,600.00
  • Gross Income / month

    $ 1,050.00
  • Monthly Costs

    - $ 465.00
    • Property Management (8.00%)
      - $ 84.00
    • RealT Platform (2.00%)
      - $ 21.00
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 160.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid
  • Net Income / month

    $ 585.00
  • Net Income / year

    $ 7,020.00
  • Total Investment

    $ 75,495.00
    • Underlying Asset Price
      $ 59,000.00
    • Sourcing Fee (10%)
      $ 7,550.00
    • Initial Maintenance Reserve
      $ 2,100.00
    • Initial Renovation Reserve
      $ 4,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 75,500.00
    • Rounding Difference
      - $ 5.00
  • Expected Income

    9.30%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,400
  • Foundation

    Masonry
  • Exterior Walls

    Siding / Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,332
  • Heating

    Forced Heat
  • Cooling

    Forced Cool
  • Building Class

    C
  • Renovated

    Yes
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-4433-LILLIBRIDGE-ST-DETROIT-MI
  • Total Tokens

    1500

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    May 31, 2024
  • Issuer

    RealToken International 4433 Lillibridge St Inc
  • Min. Investment Amount

    $50.33
  • Max. Investment Amount

    $75,495.00
  • Amount Raised

    $75,495.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Classic and Practical

4433 Lillibridge is a classic 2-story single-family residence with 1,332 square feet of living space. Its 3 bedrooms and 1 bathroom provide a spacious home for families seeking solace, and the attached garage and front porch offer charm and functionality. Situated in proximity to Brewer Park, residents enjoy easy access to a range of recreational amenities and lush green spaces.

Flourishing 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 nearby, caters to all age groups, and the park’s versatile facilities and scenic picnic spots make it a cherished destination for leisure and sports.

Enhanced Value

4433 Lillibridge offers an expected income of 9.30%. The property was purchased for $59,000, with an additional $4,000 budgeted for maintenance and entrance enhancements. This investment is part of a larger concentric circle strategy bolstered by a portfolio of nearby properties, including 4421 Lillibridge, 4422 Lillibridge, and 4430 Lillibridge. With RealT holding around 82,000 square feet of living space in the area, our strategy is designed to achieve economies of scale and maximize 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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