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450 Kitchener St, Detroit, MI 48215

View Smart Contracts: Eth xDai

Total Investment: $ 68,122.60

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


    Not including capital appreciation

  • Rent per Token

    $ 4.80 / year
  • Rent Start Date

    October 1, 2023
  • Token Price

    $ 51.22
  • Total Tokens


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

    450 Kitchener St, Detroit, MI 48215
  • Country

  • Source

  • Neighborhood

    Jefferson Chalmers
  • Construction Year

  • Bedroom/Bath

    3 Beds / 2 Baths
  • Rental Type

  • Rented?

    Fully Rented
  • Rent Subsidy?


Property Financials

  • Gross Rent / year

    $ 10,860.00
  • Gross Rent / month

    $ 905.00
  • Monthly Costs

    - $ 373.50
    • Property Management (8.00%)
      - $ 72.40
    • RealT Platform (2.00%)
      - $ 18.10
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 128.00
    • Insurance
      - $ 45.00
    • Utilities
  • Net Rent / month

    $ 531.50
  • Net Rent / year

    $ 6,378.00
  • Total Investment

    $ 68,122.60
    • Underlying Asset Price
      $ 54,000.00
    • Operating Expense Reimbursement (10%)
      $ 6,812.22
    • Initial Maintenance Reserve
      $ 1,810.00
    • Initial Renovation Reserve
      $ 4,000.00
    • Administrative Fees
      $ 1,500.00
    • Unrounded Listing Price
      $ 68,122.22
    • Rounding Difference
      $ 0.38
  • Expected Income


    Not including capital appreciation

Property Details

  • Lot Size (sqft)

  • Foundation

  • Exterior Walls

  • Roof Type

  • Interior Size (sqft)

  • Heating

    Forced Air w/ Ducts, Gas
  • Building Class

  • Property Manager

    Mutual Property Management LLC


  • Identifier

  • Total Tokens


Gnosis Chain


Test Renovation content!

Offering Details

  • Offering Date

    August 30, 2023
  • Issuer

    RealToken International 450 Kitchener St Inc
  • Min. Investment Amount

  • Max. Investment Amount

  • Amount Raised

  • Offering Percent (of Total Tokens)


About the Property

450 Kitchener: Discover the Possibilities

Located in the vibrant Jefferson Chalmers neighborhood of Detroit, 450 Kitchener encompasses 1,440 square feet, surrounded by a 6,011 square foot plot. Situated close to parks, an elementary school, and a mall, 450 Kitchener represents an ideal domicile for families seeking comfort and development.

Efficient Management and Cost Savings

RealT owns additional properties on adjacent streets like Conner and Navahoe. This close proximity allows for more efficient property management, translating to lower operational expenses and added value for both homeowners and investors.

Strategic Charm and Development

The position of 450 Kitchener offers a mix of convenience and the promise of value augmentation. For the savvy investor, a projected annual return of 9.36% offers robust returns and potential for development.

Lasting Grace

A budget of $4,000 earmarked for renovation ensures that the lasting grace and allure of Kitchener will be maintained, preserving its appeal for generations to come.


Property Records

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Why Detroit?


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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