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4642 Berkshire St, Detroit, MI 48224

View Smart Contracts: Eth Gnosis

Total Investment: $ 66,950.40

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.13%

    Not including capital appreciation

  • Income per Token

    $ 4.63 / year

  • Income Start Date

    June 1, 2024

  • Token Price

    $ 50.72

  • Total Tokens

    1,320

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

    4642 Berkshire St, Detroit, MI 48224

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Morningside

  • Construction Year

    1936

  • Bedroom/Bath

    2 Beds / 2 Baths

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 11,460.00

  • Gross Rent / month

    $ 955.00

  • Monthly Costs

    - $ 445.50
    • Property Management (8.00%)
      - $ 76.40
    • RealT Platform (2.00%)
      - $ 19.10
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 150.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 509.50

  • Net Rent / year

    $ 6,114.00

  • Total Investment

    $ 66,950.40
    • Underlying Asset Price
      $ 53,000.00
    • Sourcing Fee (10%)
      $ 6,695.04
    • Initial Maintenance Reserve
      $ 1,910.00
    • Initial Renovation Reserve
      $ 2,500.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 66,955.04
    • Rounding Difference
      - $ 4.64

  • Expected Income

    9.13%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,356

  • Foundation

    Masonry

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    1,230

  • Heating

    Gas / Forced Air

  • Cooling

    None

  • Building Class

    C

  • Renovated

    Partial

Blockchain

  • Identifier

    REALTOKEN-S-4642-BERKSHIRE-ST-DETROIT-MI

  • Total Tokens

    1320

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    April 4, 2024

  • Issuer

    RealToken International 4642 Berkshire St Inc

  • Min. Investment Amount

    $50.72

  • Max. Investment Amount

    $66,950.40

  • Amount Raised

    $66,950.40

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

A Timeless Abode

4642 Berkshire is a quaint, light blue, single-family brick residence. This timeless abode offers 2 bedrooms, 2 bathrooms, and a 1-car garage. Its proximity to Three Mile-Munich Park and Playground and the Morningside Playground ensures abundant recreational opportunities, enhancing the vibrant lifestyle of this rejuvenating neighborhood.

Exploring Morningside’s Heritage

Just eight miles from downtown Detroit, Morningside stands as an emblem of the ongoing revitalization of the charming eastside. Within this historic enclave, Tudors and colonials harmoniously coexist amidst ongoing rehabilitation efforts. The community’s dedication to enhancing property values through siding replacements and lot development is evident, contributing to the rising appeal of the neighborhood.

Investment Outlook

Token-holders of Berkshire can anticipate an expected income of 9.13%. Acquired for only $53,000, this property is a proposition with substantial growth potential. Additionally, a renovation budget of $2,500 has been allocated for entry upgrades and overall maintenance. Leveraging its proximity to other RealT properties, including 5760 Chatsworth and 4380 Beaconsfield, this investment embodies our economies-of-scale strategy, maximizing efficiency and amplifying returns for stakeholders. Take advantage of the opportunity to invest in 4642 Berkshire, where historic charm meets modern prosperity.

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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