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4444 Lillibridge St, Detroit, MI 48214

View Smart Contracts: Eth xDai

Total Investment: $ 65,364.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.38%

    Not including capital appreciation

  • Rent per Token

    $ 4.72 / year

  • Rent Start Date

    August 1, 2023

  • Token Price

    $ 50.28

  • Total Tokens

    1,300

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

    4444 Lillibridge St, Detroit, MI 48214

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    West End

  • Construction Year

    2000

  • Bedroom/Bath

    3 Beds / 2 Baths

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 10,944.00

  • Gross Rent / month

    $ 912.00

  • Monthly Costs

    - $ 401.20
    • Property Management (8.00%)
      - $ 72.96
    • RealT Platform (2.00%)
      - $ 18.24
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 160.00
    • Insurance
      - $ 40.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 510.80

  • Net Rent / year

    $ 6,129.60

  • Total Investment

    $ 65,364.00
    • Underlying Asset Price
      $ 54,000.00
    • Operating Expense Reimbursement (10%)
      $ 6,536.00
    • Initial Maintenance Reserve
      $ 1,824.00
    • Initial Renovation Reserve
      $ 2,000.00
    • Administrative Fees
      $ 1,000.00
    • Unrounded Listing Price
      $ 65,360.00
    • Rounding Difference
      $ 4.00

  • Expected Income

    9.38%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,841

  • Foundation

    Masonry

  • Exterior Walls

    Siding / Brick

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    1,296

  • Heating

    Forced Air w/ Ducts, Gas

  • Cooling

    Central

  • Building Class

    C

  • Renovated

    Well maintained

  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-4444-LILLIBRIDGE-ST-DETROIT-MI

  • Total Tokens

    1300

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    July 12, 2023

  • Issuer

    RealToken International 4444 Lillibridge St Inc

  • Min. Investment Amount

    $50.28

  • Max. Investment Amount

    $65,364.00

  • Amount Raised

    $65,364.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

4444 Lillibridge

This 3-bedroom, 2-bathroom home in Detroit’s West End neighborhood was built in 2000 and has 1,296 square feet of living space on a 4,841-square-foot lot. The roof is durable asphalt, the exterior is brick veneer, the foundation is masonry, and the heating system is ducted forced air powered by natural gas. There are 3 parking spaces, including an attached garage. Overall, the house is in good condition.

4444 Lillibridge is conveniently located with easy access to amenities like playfields, libraries, schools, shopping options, and an aquatic park. The highway is also nearby, so residents have convenient transportation options with several bus lines and the QLine streetcar.

RealT’s acquisition of these properties paves the way for community enhancement, replacing burned homes with amenities like a children’s park, a basketball court, and a parking lot. This initiative supports our mission to add tangible value to all areas where RealT is established.

We’ve recently acquired several groups of nearby properties like Fairview, Conner, Navahoe, Tennessee, Montclair, Kitchener, and Harding. This expansion will help us create economies of scale and better serve our tokenholders.

We project that 4444 Lillibridge will generate a rental income of 9.38%.

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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