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625 Virginia St, Toledo, OH 43620

View Smart Contracts: Eth xDai

Total Investment: $ 308,904.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.79%

    Not including capital appreciation

  • Rent per Token

    $ 4.96 / year
  • Rent Start Date

    February 20, 2023
  • Token Price

    $ 50.64
  • Total Tokens

    6,100

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
  • Full Address

    625 Virginia St, Toledo, OH 43620
  • Neighborhood

    Old West End
  • Construction Year

    1912
  • Stories

    3 Stories
  • Total Units

    5 Units
  • Bedroom/Bath

    5x2 Beds / 5x1.5 Baths
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Section 8?

    No

Property Financials

  • Gross Rent / year

    $ 48,000.00
  • Gross Rent / month

    $ 4,000.00
  • Monthly Costs

    - $ 1,480.00
    • Property Management (8.00%)
      - $ 320.00
    • RealT Platform (2.00%)
      - $ 80.00
    • Maintenance Expenses
      - $ 625.00
    • Property Taxes
      - $ 250.00
    • Insurance
      - $ 130.00
    • Utilities
      - $ 75.00
  • Net Rent / month

    $ 2,520.00
  • Net Rent / year

    $ 30,240.00
  • Total Investment

    $ 308,904.00
    • Underlying Asset Price
      $ 237,000.00
    • Operating Expense Reimbursement (10%)
      $ 30,888.89
    • Initial Maintenance Reserve
      $ 8,000.00
    • Initial Renovation Reserve
      $ 32,000.00
    • Administrative Fees
      $ 1,000.00
    • Unrounded Listing Price
      $ 308,888.89
    • Rounding Difference
      $ 15.11
  • Expected Income

    9.79%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    5,052
  • Foundation

    Brick Masonry
  • Exterior Walls

    Brick
  • Roof Type

    Gable / Shingle with EPDM Membrane
  • Parking

    Street Parking
  • Interior Size (sqft)

    6,787
  • Heating

    Forced Air / Gas
  • Cooling

    None
  • Building Class

    C
  • Renovated

    Partial
  • Property Manager

    ORG Rentals, LLC

Blockchain

  • Identifier

    REALTOKEN-S-625-VIRGINIA-ST-TOLEDO-OH
  • Total Tokens

    6100

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    January 20, 2023
  • Issuer

    RealToken International 625 Virginia St Inc
  • Min. Investment Amount

    $50.64
  • Max. Investment Amount

    $308,904.00
  • Amount Raised

    $308,904.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

625 Virginia

We are pleased to offer you a new multi-family building in Toledo, Ohio! This new residence of 5 units allows you to add geographic diversity to your real estate portfolio.

625 Virginia is located close to a hospital in the Old Town of Toledo. Some of the administrative staff of the hospital are even tenants of this property. As you can see from the pictures, the units are in good condition.  The tenants are all long-term, which allows us to expect a solid rental income of 9.79% in the coming months.

We have budgeted $32,000 for renovations, which will include: repainting the railings and exterior, upgrading the back of the property, replacing some bricks, and purchasing new microwaves and appliances for our tenants.

 

Map

Property Records

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Why Toledo?

INVEST RIGHT

A historic industrial city with a rich heritage, Toledo sits at the intersection of affordability, quality of life, and business growth. Named number one in the nation among mid-sized cities for new business investment by Site Selection Magazine in 2021, Toledo has approximately $2.2 billion worth of projects currently underway or recently completed. That means nearly 3,500 new permanent jobs in a city already well-known for its arts scene, its nationally-awarded zoo, and its long stretches of waterfront along the Maumee River and Lake Erie.

Cheer for the Mud Hens at their new stadium. Enjoy the 70+ restaurants that line the walkable downtown streets. Visit Picasso, Matisse, and van Gogh at the Toledo Museum of Art. Go to the symphony, the opera, the ballet. Take in a show at one of the historic renovated theaters. Toledo something to offer everyone, and it just keeps getting better.

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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