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5344-5346 Belvidere St, Detroit, MI 48213

View Smart Contracts: Eth xDai

Total Investment: $ 84,510.60

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Token Type

    Standard Equity
  • Expected Income

    10.42%

    Not including capital appreciation

  • Income Start Date

    January 1, 2024
  • Income per Token

    $ 5.31 / year
  • Token Price

    $ 50.91
  • Total Tokens

    1,660

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

    Duplex
  • Full Address

    5344-5346 Belvidere St, Detroit, MI 48213
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Gratiot Woods
  • Construction Year

    1918
  • Total Units

    2 Units
  • Bedroom/Bath

    2x3 Beds / 2x1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 13,560.00
  • Gross Income / month

    $ 1,130.00
  • Monthly Costs

    - $ 396.00
    • Property Management (8.00%)
      - $ 90.40
    • RealT Platform (2.00%)
      - $ 22.60
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 118.00
    • Insurance
      - $ 55.00
    • Utilities
      Tenant-paid
  • Net Income / month

    $ 734.00
  • Net Income / year

    $ 8,808.00
  • Total Investment

    $ 84,510.60
    • Underlying Asset Price
      $ 63,000.00
    • Sourcing Fee (10%)
      $ 8,451.11
    • Initial Maintenance Reserve
      $ 2,260.00
    • Initial Renovation Reserve
      $ 8,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 300.00
    • Unrounded Listing Price
      $ 84,511.11
    • Rounding Difference
      - $ 0.51
  • Expected Income

    10.42%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    7,187
  • Foundation

    Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    2,208
  • Heating

    Forced Air w/ Ducts
  • Building Class

    C
  • Renovated

    Yes, Not Finished
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-5344-5346-BELVIDERE-ST-DETROIT-MI
  • Total Tokens

    1660

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    November 11, 2023
  • Issuer

    RealToken International 5344-5346 Belvidere St Inc
  • Min. Investment Amount

    $50.91
  • Max. Investment Amount

    $84,510.60
  • Amount Raised

    $84,510.60
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

5344-5346 Belvidere

Say hello to the delightful duplex at 5344-5346 Belvidere, set in the center of the Gratiot Woods neighborhood. The Detroit Catholic Pastoral Alliance constructed this community over three years, which is the source of its vintage 1910s and 1920s architecture.

This duplex consists of two separate units, with three bedrooms and one bathroom each, spread over a total area of 2,208 square feet. Belvidere’s ideal location near the Engine 41 fire station, Bethel Baptist Church East, and the energetic Brighter Detroit Community Center adds convenience and a sense of community to the tenants.

Belvidere was acquired for an excellent price of $63,000, or $31,500 per unit, which makes for a very attractive 10.42% expected rental income.  This reinvestment property also has a dedicated renovation budget of $8,000 that will go toward painting, siding enhancements, and deferred maintenance. This will ensure the longevity of the property and enhance its overall appeal.

Don’t pass up the opportunity to own a piece of this thriving 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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