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 complete ID Verification, including U.S. Accredited Investor verification.


6582 Bewick St, Detroit, MI 48213

View Smart Contracts: Eth xDai

Total Investment: $ 368,775.00

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

    9.70%

    Not including capital appreciation

  • Rent per Token

    $ 4.77 / year
  • Rent Start Date

    March 12, 2023
  • Token Price

    $ 49.17
  • Total Tokens

    7,500

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

    6582 Bewick St, Detroit, MI 48213
  • Neighborhood

    Coleman Young Airport
  • Construction Year

    1926
  • Stories

    2 Stories
  • Total Units

    8 Units
  • Bedroom/Bath

    8x1 Beds / 8x1 Baths
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 65,400.00
  • Gross Rent / month

    $ 5,450.00
  • Monthly Costs

    - $ 2,470.00
    • Property Management (8.00%)
      - $ 436.00
    • RealT Platform (2.00%)
      - $ 109.00
    • Maintenance Expenses
      - $ 600.00
    • Property Taxes
      - $ 500.00
    • Insurance
      - $ 125.00
    • Utilities
      - $ 700.00
  • Net Rent / month

    $ 2,980.00
  • Net Rent / year

    $ 35,760.00
  • Total Investment

    $ 368,775.00
    • Underlying Asset Price
      $ 260,000.00
    • Operating Expense Reimbursement (10%)
      $ 36,877.78
    • Initial Maintenance Reserve
      $ 10,900.00
    • Initial Renovation Reserve
      $ 60,000.00
    • Administrative Fees
      $ 1,000.00
    • Unrounded Listing Price
      $ 368,777.78
    • Rounding Difference
      - $ 2.78
  • Expected Income

    9.70%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,356
  • Foundation

    Concrete Block
  • Exterior Walls

    Brick
  • Roof Type

    Rubber
  • Parking

    Street parking
  • Interior Size (sqft)

    4,508
  • Heating

    Forced Air
  • Cooling

    None
  • Building Class

    C
  • Renovated

    Not Renovated
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-6582-BEWICK-ST-DETROIT-MI
  • Total Tokens

    7500

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    February 10, 2023
  • Issuer

    RealToken International 6582 Bewick St Inc
  • Min. Investment Amount

    $49.17
  • Max. Investment Amount

    $368,775.00
  • Amount Raised

    $368,775.00
  • Offering Percent (of Total Tokens)

    100.00%

Map

Property Records

Please sign in to view property records. Sign In >

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

No Previous Properties were found for your area. US persons can only view US-only properties, and non-US persons can only view Non-US properties. If you believe you're seeing this message in error, please contact us via chat in the lower right corner of the website!
It looks like there are no previous properties at this time.
To improve site performance, the previous property query has been temporarily disabled until 22:46 UTC

    RealT has sold 290 other properties to investors around the world!

    For more information about these properties, please contact us via chat in the lower right corner of your screen, or email us at [email protected].

    Token-Holder’s Options for Disbursement of Dividends Terms & Conditions

    WHEREAS RealToken Inc. is transitioning to the Ethereum “LAYER 2” known as“xDai”;

    WHEREAS Token-Holders can now choose between three options to receive dividends representing the rental income from all of the Token-Holder’s cryptographic tokens expressing ownership of Series LLCs as described in their respective Offering Memorandums, Supplement Memorandums and Series Descriptions (hereafter “RealTokens”), including those that are generated from the Re-Investment Option (described below). Those three options are:

    1. To receive the income in Stable-coin (currently USDC) directly on the xDai blockchain (hereafter the xDai Option);

    2. To accumulate the income in Stable-coin (currently USDC) in a smart contract with the option to “claim” the USDCs on the Ethereum blockchain at the time of the Token Holder’s choosing and at the cost of the Token Holder (Hereafter the Accumulation Option);

    3. To re-invest the income in cryptographic tokens of another RealToken Series LLC owning exclusively a real estate property described in APPENDIX A which includes the Offering Memorandum, its Supplement, and its Series Description (hereafter the Re-Investment Option).

    WHEREAS the Token-Holder is aware that:

    1. It is possible to change between options A or B at any time;

    2. If the “Re-Investment Option” (Option C) is chosen, the choice is set and cannot be modified until either

      1. tokens of another Series LLC become available for another “re-investment option”, or

      2. until the tokens of the current Series LLC in the “re-investment option”are sold-out, or

      3. until the undersigned Token Holder has acquired a maximum of 10% (ten percent) of the available tokens of the current Series LLC for the “re-investment option”; or

      4. until the Managing Member (Currently RealToken Inc.) opts to put the remainder of the available tokens (less the standard Token Reserves) of the Series LLC for sale on the RealToken Inc. platform;

      at which time the Token-Holder will be able to choose once again amongst the options then available.

    NOW THEREFORE, the undersigned Token-Holder agrees to the terms and conditions described herein and confirms having chosen Option C, the “Re-Investment Option” as described above:

    I hereby confirm my full understanding of the above terms and conditions, including the unchangeable nature of Option C until one of the aforementioned events are met and I hereby irrevocably confirm my choice of Option C: The “Re-Investment Option”.

    Thank you! NEXT STEP
    • Sign Contract: Please sign the reinvestment contract sent to your email. If you do not sign the contract before your next rent payment, rent will be paid to your current rent wallet.
    We're sorry, something went wrong when trying to enroll in this property. Please refresh the page and try again, or contact support.