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4832 University Pl, Detroit, MI 48224

View Smart Contracts: Eth xDai

Total Investment: $ 68,856.20

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

    9.31%

    Not including capital appreciation

  • Income Start Date

    June 15, 2024
  • Income per Token

    $ 4.68 / year
  • Token Price

    $ 50.26
  • Total Tokens

    1,370

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

    4832 University Pl, Detroit, MI 48224
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Cornerstone Village
  • Construction Year

    1924
  • Bedroom/Bath

    3 Beds / 1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 12,720.00
  • Gross Income / month

    $ 1,060.00
  • Monthly Costs

    - $ 526.00
    • Property Management (8.00%)
      - $ 84.80
    • RealT Platform (2.00%)
      - $ 21.20
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 220.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid
  • Net Income / month

    $ 534.00
  • Net Income / year

    $ 6,408.00
  • Total Investment

    $ 68,856.20
    • Underlying Asset Price
      $ 55,000.00
    • Sourcing Fee (10%)
      $ 6,885.62
    • Initial Maintenance Reserve
      $ 2,120.00
    • Initial Renovation Reserve
      $ 2,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 68,855.62
    • Rounding Difference
      $ 0.58
  • Expected Income

    9.31%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    6,354
  • Foundation

    Masonry
  • Exterior Walls

    Frame
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    959
  • Heating

    Gas / Forced Air w/ Ducts
  • Building Class

    C
  • Renovated

    No

Blockchain

  • Identifier

    REALTOKEN-S-4832-UNIVERSITY-PL-DETROIT-MI
  • Total Tokens

    1370

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    April 19, 2024
  • Issuer

    RealToken International 4832 University Pl Inc
  • Min. Investment Amount

    $50.26
  • Max. Investment Amount

    $68,856.20
  • Amount Raised

    $68,856.20
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Well-Connected Residence

Located within Detroit’s Cornerstone Village, 4832 University is a single-family home in a community steeped in history and convenience. This property has 3 bedrooms, 1 bathroom, and sits on a spacious 6,534-square-foot lot, providing ample space for family entertainment. Nearby amenities such as Smiths Eldercare, Balduck Park, and the East English Village Preparatory Academy (The Ville) ensure that residents have access to essential services and educational opportunities.

From Ribbon Farms to Cozy Community

Formerly known as the Organized Neighbors East community, Cornerstone Village traces its roots back to French ribbon farms before being absorbed into Detroit in 1925. Today, it stands as a densely populated community located between Midtown and Lake St. Clair, offering a blend of midcentury homes and modern conveniences. The neighborhood’s proximity to commercial hubs on East Warren and Mack Avenues, along with easy access to major roadways like Interstate 94, ensures residents enjoy seamless connectivity to downtown Detroit, Ann Arbor, and beyond.

Steady Growth

With an expected income of 9.31% and an acquisition cost of $55,000, University presents an attractive investment opportunity. The property will be delivered fully renovated by the seller, and on top of that, a budget of $2,000 is included in the listing price for minor maintenance to ensure the property remains in top condition. Its convenient location near other RealT properties, such as 5530 Marseilles and 5224 Hereford, underscores its investment appeal, aligning with a strategic approach to maximizing returns and reinforcing the neighborhood’s upward trajectory.

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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