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.

9311 Bedford St, Detroit, MI 48224

View Smart Contracts: Eth xDai

Total Investment: $ 90,270.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Property Highlights

  • Token Type

    Standard Equity

  • Expected Income

    9.11%

    Not including capital appreciation

  • Income Start Date

    August 15, 2024

  • Income per Token

    $ 4.57 / year

  • Token Price

    $ 50.15

  • Total Tokens

    1,800

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

    Single Family

  • Full Address

    9311 Bedford St, Detroit, MI 48224

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Yorkshire Woods

  • Construction Year

    1936

  • Bedroom/Bath

    3 Beds / 1 Bath

  • Rental Type

    Long Term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 14,400.00

  • Gross Income / month

    $ 1,200.00

  • Monthly Costs

    - $ 515.00
    • Property Management (8.00%)
      - $ 96.00
    • RealT Platform (2.00%)
      - $ 24.00
    • Maintenance Expenses
      - $ 120.00
    • Property Taxes
      - $ 190.00
    • Insurance
      - $ 85.00
    • Utilities
      Tenant-paid

  • Net Income / month

    $ 685.00

  • Net Income / year

    $ 8,220.00

  • Total Investment

    $ 90,270.00
    • Underlying Asset Price
      $ 66,000.00
    • Sourcing Fee (10%)
      $ 9,027.00
    • Initial Maintenance Reserve
      $ 2,400.00
    • Initial Renovation Reserve
      $ 10,000.00
    • Administrative Fees
      $ 2,500.00
    • Miscellaneous Costs
      $ 350.00
    • Unrounded Listing Price
      $ 90,277.00
    • Rounding Difference
      - $ 7.00

  • Expected Income

    9.11%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    3,920

  • Foundation

    Block

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    1,170

  • Heating

    Gas / Forced Air not Ducted

  • Building Class

    C

  • Renovated

    Yes

  • Property Manager

    New Detroit Property Management

Blockchain

  • Identifier

    REALTOKEN-S-9311-BEDFORD-ST-DETROIT-MI

  • Total Tokens

    1800

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    June 14, 2024

  • Issuer

    RealToken International 9311 Bedford St Inc

  • Min. Investment Amount

    $50.15

  • Max. Investment Amount

    $90,270.00

  • Amount Raised

    $90,270.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

Colonial Revival Home

9311 Bedford is a tall, two-story Colonial Revival residence with beautiful brickwork, situated in the serene Yorkshire Woods neighborhood of Detroit. This single-family home includes 3 bedrooms and 1 bathroom, offering ample space for a growing family or anyone seeking a comfortable living space. The property is surrounded by notable amenities such as the Inward Man Christian Center, the Arts & Scraps non-profit organization, and the Family Dollar store, providing a sense of community and lots of convenience!

Accessibility and Renewal

Yorkshire Woods, an historic neighborhood dating back to the 1920s, is an up-and-coming residential community in Detroit. With many homes being renovated, buyers can find charming brick cottages with Tudor-inspired features, two-story Colonial Revival homes, and some ranch-style houses. The area has mature trees, plenty of sidewalks, and a close-knit urban feel. Local schools include Wayne Elementary, Brewer Academy, and Denby High, which has shown recent improvements in graduation rates and extracurricular programs. Yorkshire Woods residents enjoy proximity to freeways, shopping areas, and parks like Sasser Park and Skinner Playfield, which offer recreational facilities and community events.

Prime Location

Bedford was acquired for a modest $66,000, and enjoys an expected income of 9.11%. The listing price also includes a renovation budget of $10,000, allocated for brick and yard maintenance. Bedford’s location near other RealT properties like 9133 and 9166 Devonshire, as well as 9309 Courville, enhances the potential for economies of scale, making it an attractive opportunity for investors.

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 00:00 UTC

    RealT has sold 508 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].