It looks like you’re in the U.S.

To view our offerings and start building your digital real estate portfolio, you will need to verify your status as a U.S. Accredited Investor.

Please sign in and head to ID Verification to get started!


5846 Crane St, Detroit, MI 48223

View Smart Contracts: Eth xDai

Total Investment: $148,890.00

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

    11.73%

    Not including capital appreciation

  • Rent Start Date

    2021-10-25
  • Rent per Token

    $5.82 / year
  • Token Price

    $49.63
  • Total Tokens

    3,000

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

    Multi Family
  • Construction Year

    1916
  • Neighborhood

    Gratiot Woods
  • Bedroom/Bath

    2x2, 2x1 Bed / 4x1 Bath
  • Total Units

    4 Units
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Section 8?

    No

Property Financials

  • Gross Rent / year

    $24,000.00
  • Gross Rent / month

    $2,000.00
  • Monthly Costs

    - $545.00
    • Property Management (8.00%)
      - $160.00
    • RealT Platform (2.00%)
      - $40.00
    • Maintenance Expenses
      - $85.00
    • Property Taxes
      - $200.00
    • Insurance
      - $60.00
    • Utilities
      Tenant-paid
  • Net Rent / month

    $1,455.00
  • Net Rent / year

    $17,460.00
  • Total Investment

    $148,890.00
    • Underlying Asset Price
      $130,000.00
    • RealT Listing Fee (10%)
      $14,888.89
    • Initial Maintenance Reserve
      $4,000.00
  • Expected Income

    11.73%

    Not including capital appreciation

Property Details

  • Lot Size

    4792 sqft
  • Construction Type

    Brick
  • Roof Type

    Asphalt
  • Parking

    Street
  • Interior Size

    3186 sqft
  • Heating

    Gas/Forced Hot Air
  • Cooling

    None

Test Renovation content!

About the Property

5846 Crane

Crane offers easy city access while living on a residential street: this property is just a 10-minute drive to downtown Detroit, and you can see the skyline of the city the entire time! But don’t worry, Crane isn’t downtown — this four-unit multi-family home is situated on a one-way street with access to a wide variety of neighborhood shops and restaurants. Immediately around the corner on Gratiot Ave stand new business complexes, making it a very trending and highly desirable place to live and work.. It’s the best of both worlds!

Crane is fully-rented and enjoys many recent updates, including a brand new roof and gutters along with updated electrical, plumbing, windows, furnace, paint, and more. This is a solid brick home that offers great value to tenants and landlords alike. Add it to your portfolio today!

Map

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.

Previous Properties

It looks like there was an error getting previous properties, please refresh the page and try again.
It looks like there are no previous properties at this time.