It looks like you’re in the U.S.

Thank you for your interest in RealT. We’re currently working on a new offering for U.S. persons that is not yet ready for distribution. It’s coming soon – register and we’ll be sure to notify you when it’s ready!

We appreciate your understanding as we continue to redefine real estate investing around the globe.

7501 Stockton St, Detroit, MI 48234

View Smart Contracts: Eth xDai

Total Investment: $ 247,499.00

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

    9.95%

    Not including capital appreciation

  • Rent per Token

    $ 5.03 / year

  • Rent Start Date

    February 1, 2023

  • Token Price

    $ 50.51

  • Total Tokens

    4,900

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

    Quadplex

  • Full Address

    7501 Stockton St, Detroit, MI 48234

  • Neighborhood

    Grant

  • Construction Year

    1934

  • Stories

    2 Stories

  • Total Units

    4 Units

  • Bedroom/Bath

    4x1 Bed / 4x1 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 41,760.00

  • Gross Rent / month

    $ 3,480.00

  • Monthly Costs

    - $ 1,428.00
    • Property Management (8.00%)
      - $ 278.40
    • RealT Platform (2.00%)
      - $ 69.60
    • Maintenance Expenses
      - $ 400.00
    • Property Taxes
      - $ 150.00
    • Insurance
      - $ 105.00
    • Utilities
      - $ 425.00

  • Net Rent / month

    $ 2,052.00

  • Net Rent / year

    $ 24,624.00

  • Total Investment

    $ 247,499.00
    • Underlying Asset Price
      $ 205,000.00
    • Operating Expense Reimbursement (10%)
      $ 24,751.11
    • Initial Maintenance Reserve
      $ 6,960.00
    • Initial Renovation Reserve
      $ 10,000.00
    • Administrative Fees
      $ 800.00
    • Unrounded Listing Price
      $ 247,511.11
    • Rounding Difference
      - $ 12.11

  • Expected Income

    9.95%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    3,877

  • Foundation

    Masonry Block

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Parking

    1 garage

  • Interior Size (sqft)

    2,671

  • Heating

    Forced Air / Gas

  • Cooling

    None

  • Building Class

    C

  • Renovated

    Yes

  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-7501-STOCKTON-ST-DETROIT-MI

  • Total Tokens

    4900

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    January 6, 2023

  • Issuer

    RealToken International 7501 Stockton St Inc

  • Min. Investment Amount

    $50.51

  • Max. Investment Amount

    $247,499.00

  • Amount Raised

    $247,499.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

7501 Stockton

We are pleased to be able to offer RealT’s first Quadplex, 7501 Stockton. This property is in good condition except for the roof, which will be replaced as soon as the weather improves. The new roof is included in the acquisition price, and has already been purchased.

Stockton is situated next to Hamtramck, where the new General Motors plant is located. That plant was recently redesigned, and will be devoted entirely to the assembly of electric vehicles. This represents a $2.2 billion dollar investment from GM, which will bring over 2,200 manufacturing jobs to the area! The Detroit-Hamtramck plant will be on the cutting edge of a burgeoning trend as the electric vehicle industry continues to expand and attract interest from socially-responsible investors looking to make a positive environmental impact through their investments.

Thanks to a great purchase price, we anticipate that Stockton will offer stable rents month after month with a solid expected rental income of 9.95%.

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 07:27 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].