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9117 Manor St, Detroit, MI 48204

View Smart Contracts: Eth xDai

Total Investment: $ 125,000.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Token Type

    Standard Equity
  • Expected Income

    9.43%

    Not including capital appreciation

  • Income Start Date

    December 1, 2023
  • Income per Token

    $ 4.71 / year
  • Token Price

    $ 50.00
  • Total Tokens

    2,500

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

    Duplex
  • Full Address

    9117 Manor St, Detroit, MI 48204
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Mackenzie
  • Construction Year

    1923
  • Total Units

    2 Units
  • Bedroom/Bath

    2x2 Beds / 2x1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 18,000.00
  • Gross Income / month

    $ 1,500.00
  • Monthly Costs

    - $ 518.00
    • Property Management (8.00%)
      - $ 120.00
    • RealT Platform (2.00%)
      - $ 30.00
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 203.00
    • Insurance
      - $ 55.00
    • Utilities
      Tenant-paid
  • Net Income / month

    $ 982.00
  • Net Income / year

    $ 11,784.00
  • Total Investment

    $ 125,000.00
    • Underlying Asset Price
      $ 88,000.00
    • Sourcing Fee (10%)
      $ 12,500.00
    • Initial Maintenance Reserve
      $ 3,000.00
    • Initial Renovation Reserve
      $ 20,000.00
    • Administrative Fees
      $ 1,500.00
    • Unrounded Listing Price
      $ 125,000.00
  • Expected Income

    9.43%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,269
  • Foundation

    Masonry
  • Exterior Walls

    Siding
  • Roof Type

    Asphalt
  • Interior Size (sqft)

    1,680
  • Heating

    Forced Hot Water, Gas
  • Building Class

    C
  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-9117-MANOR-ST-DETROIT-MI
  • Total Tokens

    2500

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    September 20, 2023
  • Issuer

    RealToken International 9117 Manor St Inc
  • Min. Investment Amount

    $50.00
  • Max. Investment Amount

    $125,000.00
  • Amount Raised

    $125,000.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

9117 Manor

The Best of Both Worlds

9117 Manor stands as a beacon of potential and promise. With its great location, residents are just a stone’s throw away from an array of parks and eateries, ensuring a balanced mix of relaxation and urban excitement.

Ongoing Transformation

This duplex is currently in the skilled hands of our trusted contractors, with a set completion date of November 27th. Future residents can look forward to beautifully polished flooring, a fully repainted interior, brand-new kitchen cabinets, and state-of-the-art appliances. Among other enhancements, the electrical switchboard will be updated. These upgrades may be time-consuming, but they are straightforward and are sure to elevate the living experience.

A Strategic Investment

For those looking to expand their portfolio, we also have properties on Pinehurst and Joy, allowing us to leverage economies of scale and further solidify our presence in the Detroit property market.

For the discerning investor, 9117 Manor offers a solid expected rental income of 9.43%. Its ongoing renovations, combined with its strategic location, make it an excellent investment opportunity in Detroit’s real estate landscape.

Map

Property Records

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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.

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