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8809 Beckman Ave, Cleveland, OH 44104

View Smart Contracts: Eth Gnosis

Total Investment: $ 113,828.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    10.61%

    Not including capital appreciation

  • Income per Token

    $ 5.49 / year
  • Income Start Date

    December 12, 2022
  • Token Price

    $ 51.74
  • Total Tokens

    2,200

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

    Duplex
  • Full Address

    8809 Beckman Ave, Cleveland, OH 44104
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Fairfax
  • Construction Year

    1920
  • Stories

    2 Stories
  • Total Units

    2 Units
  • Bedroom/Bath

    2x2 Beds / 2x1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 18,420.00
  • Gross Rent / month

    $ 1,535.00
  • Monthly Costs

    - $ 528.50
    • Property Management (8.00%)
      - $ 122.80
    • RealT Platform (2.00%)
      - $ 30.70
    • Maintenance Expenses
      - $ 100.00
    • Property Taxes
      - $ 100.00
    • Insurance
      - $ 55.00
    • Utilities
      - $ 120.00
  • Net Rent / month

    $ 1,006.50
  • Net Rent / year

    $ 12,078.00
  • Total Investment

    $ 113,828.00
    • Underlying Asset Price
      $ 84,000.00
    • Sourcing Fee (10%)
      $ 11,383.33
    • Initial Maintenance Reserve
      $ 2,950.00
    • Initial Renovation Reserve
      $ 15,000.00
    • Administrative Fees
      $ 500.00
    • Unrounded Listing Price
      $ 113,833.33
    • Rounding Difference
      - $ 5.33
  • Expected Income

    10.61%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,200
  • Foundation

    Masonry
  • Exterior Walls

    Wood / Frame
  • Roof Type

    Asphalt Shingle
  • Parking

    2 Parking Spaces
  • Interior Size (sqft)

    2,332
  • Heating

    Forced Air / Natural Gas
  • Cooling

    None
  • Building Class

    C
  • Renovated

    No
  • Property Manager

    ORG Rentals, LLC

Blockchain

  • Identifier

    REALTOKEN-S-8809-BECKMAN-AVE-CLEVELAND-OH
  • Total Tokens

    2200

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    October 27, 2022
  • Issuer

    RealToken International 8809 Beckman Ave Inc
  • Min. Investment Amount

    $51.74
  • Max. Investment Amount

    $113,828.00
  • Amount Raised

    $113,828.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

8809 Beckman & 12318 Imperial

We are pleased to offer two beautiful duplexes in Cleveland! 8809 Beckman and 12318 Imperial are both approximately 1 mile from a multi-family we’ve already tokenized: 10518 Woodland. These two new acquisitions allow our investors to geographically diversify their real estate portfolio, and both meet RealT’s standards with expected rental incomes of 10.04% and 10.03%, respectively.

We have allocated a budget of $15,000 to renovate Beckman. $8,000 is for scraping and painting the exterior, because there are many layers and there is likely lead paint underneath. The remainder will be used to bring the property up to Section 8 standards. We intend to repaint and trash out the basement, turn the upstairs unit, and replace the hot water tank, back door, some light fixtures, and locks. Imperial has been well-maintained over the years and should require no immediate renovations.

Map

Property Records

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Why Cleveland?

Invest Right

Cleveland’s robust economy traces its roots to the early 20th century, when it thrived as the sixth-largest city in the United States, with a population of just under one million residents. Its growth was fueled by its role as a port city connected to the Atlantic Ocean through the Saint Lawrence Seaway. Its economic landscape is diverse, including sectors such as higher education, manufacturing, financial services, healthcare, and biomedical technology.

Cleveland’s real estate market is characterized by steady home appreciation, making it one of the US markets least susceptible to price fluctuations. This resilience is sustained by factors such as its strategic location near rail and water routes, coupled with abundant natural resources like iron and oil. The city’s neighborhoods showcase a blend of historic architecture and modern developments, contributing to a contemporary and welcoming atmosphere.

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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