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4609 Lillibridge St, Detroit, MI 48214

View Smart Contracts: Eth xDai

Total Investment: $ 74,384.80

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Property Highlights

  • Token Type

    Standard Equity
  • Expected Income

    9.53%

    Not including capital appreciation

  • Income Start Date

    July 15, 2024
  • Income per Token

    $ 4.79 / year
  • Token Price

    $ 50.26
  • 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

    4609 Lillibridge St, Detroit, MI 48214
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    West End
  • Construction Year

    2000
  • Bedroom/Bath

    3 Beds / 1.5 Baths
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 12,540.00
  • Gross Income / month

    $ 1,045.00
  • Monthly Costs

    - $ 454.50
    • Property Management (8.00%)
      - $ 83.60
    • RealT Platform (2.00%)
      - $ 20.90
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 150.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid
  • Net Income / month

    $ 590.50
  • Net Income / year

    $ 7,086.00
  • Total Investment

    $ 74,384.80
    • Underlying Asset Price
      $ 59,000.00
    • Sourcing Fee (10%)
      $ 7,438.48
    • Initial Maintenance Reserve
      $ 2,090.00
    • Initial Renovation Reserve
      $ 3,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 74,378.48
    • Rounding Difference
      $ 6.32
  • Expected Income

    9.53%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    5,489
  • Foundation

    Masonry
  • Exterior Walls

    Siding / Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,324
  • Heating

    Forced Heat & Cool
  • Building Class

    C
  • Renovated

    Yes

Blockchain

  • Identifier

    REALTOKEN-S-4609-LILLIBRIDGE-ST-DETROIT-MI
  • Total Tokens

    1480

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    May 9, 2024
  • Issuer

    RealToken International 4609 Lillibridge St Inc
  • Min. Investment Amount

    $50.26
  • Max. Investment Amount

    $74,384.80
  • Amount Raised

    $74,384.80
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Family-Friendly Neighborhood

4609 Lillibridge is a charming single-family residence offering 3 bedrooms and 1.5 bathrooms. Complete with an attached 1-car garage, this home is near Brewer Park, The Apostle Paul MBC, and the Little Detroit Community Garden, which offers a serene retreat in the heart of the community and provides opportunities for residents to engage in gardening activities, learn about sustainability, and enjoy the beauty of nature.

Commuting Options

While West End is primarily residential, tenants enjoy convenient access to nearby commercial and industrial areas: the community is situated near two Stellantis plants that produce Jeep and Dodge vehicles, employing nearly 10,000 workers. The neighborhood features easy access to stores, groceries, and casual dining options, and public transit is available along Shoemaker Street, Warren Avenue, and Cadillac Avenue, facilitating travel throughout the city.

Concentric Circle Strategy

4609 Lillibridge comes with an expected income of 9.53%. This property, which was acquired for $59,000 and has a renovation budget of $3,000, presents an opportunity for value enhancement and long-term profitability. Supported by our portfolio of properties in the area, including 4628 Lillibridge, 4526 Lillibridge, and 4448 Lillibridge, we aim to achieve economies of scale and maximize returns through our concentric circle strategy. Collectively, RealT owns around 77,000 square feet of living space in the area, further solidifying the investment potential of the 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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