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5530 Marseilles St, Detroit, MI 48224

View Smart Contracts: Eth Gnosis

Total Investment: $ 65,884.00

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

    9.08%

    Not including capital appreciation

  • Income per Token

    $ 4.60 / year

  • Income Start Date

    June 1, 2024

  • Token Price

    $ 50.68

  • Total Tokens

    1,300

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

    5530 Marseilles St, Detroit, MI 48224

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Cornerstone Village

  • Construction Year

    1939

  • Bedroom/Bath

    3 Beds / 1 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 11,676.00

  • Gross Rent / month

    $ 973.00

  • Monthly Costs

    - $ 474.30
    • Property Management (8.00%)
      - $ 77.84
    • RealT Platform (2.00%)
      - $ 19.46
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 177.00
    • Insurance
      - $ 80.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 498.70

  • Net Rent / year

    $ 5,984.40

  • Total Investment

    $ 65,884.00
    • Underlying Asset Price
      $ 52,000.00
    • Sourcing Fee (10%)
      $ 6,588.40
    • Initial Maintenance Reserve
      $ 1,946.00
    • Initial Renovation Reserve
      $ 2,500.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 65,884.40
    • Rounding Difference
      - $ 0.40

  • Expected Income

    9.08%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,138

  • Foundation

    Masonry

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    1,016

  • Heating

    Gas / Forced Heat & Cold

  • Building Class

    C

  • Renovated

    Yes

Blockchain

  • Identifier

    REALTOKEN-S-5530-MARSEILLES-ST-DETROIT-MI

  • Total Tokens

    1300

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    March 28, 2024

  • Issuer

    RealToken International 5530 Marseilles St Inc

  • Min. Investment Amount

    $50.68

  • Max. Investment Amount

    $65,884.00

  • Amount Raised

    $65,884.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Snug Haven

5530 Marseilles is a captivating single-family brick residence offering 3 bedrooms, 1 bathroom, and 1,016 square feet of living space in a cozy sanctuary for families. With its well-kept lawn and inviting atmosphere, it offers a snug haven for residents seeking comfort and tranquility. Just steps away from the True Rock Church and Balduck Park, residents enjoy easy access to essential amenities and recreational avenues, enhancing their quality of life in this bustling community.

Cornerstone Village

The Cornerstone Village neighborhood is situated between Midtown and Lake St. Clair. Originally known as the Organized Neighbors East community, this area boasts a fascinating past as home to French ribbon farms, and has evolved into a densely-populated residential enclave. With its strategic location just 10 miles from downtown Detroit and convenient access to commercial pockets on East Warren and Mack Avenues, Cornerstone Village offers a perfect blend of urban connectivity and suburban charm. Lush greenery and midcentury homes characterize this neighborhood, where parks, mature trees, and well-maintained lawns create an idyllic backdrop for residents to enjoy.

Investment Synergies

Token-holders can anticipate an expected income of 9.08%. Acquired for a competitive price of $52,000.00, Marseilles comes with a renovation budget of $2,500 for entrance and window maintenance, enhancing the property’s aesthetic appeal and market value. Marseilles is also located near other RealT properties such as 5224 Hereford, which underscores the economies-of-scale benefits inherent in our investment portfolio, maximizing efficiency and amplifying returns for investors.

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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