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OLD-16200 Fullerton Ave, Detroit, MI 48227

View Smart Contracts: Eth

NOTE: Tokens for this property are being migrated to a new smart contract. Unmigrated tokens will show in your Portfolio as 'OLD'. If you hold tokens of this property, you will be contacted regarding the migration in coming weeks. This change will not impact the value of your tokens or rent.

Total Investment: $ 706,027.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    11.75%

    Not including capital appreciation

  • Rent per Token

    $ 21.82 / year

  • Rent Start Date

    August 26, 2019

  • Token Price

    $ 185.80

  • Total Tokens

    3,800

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

    Multi Family

  • Neighborhood

    Orchard Grove Park

  • Construction Year

    1969

  • Total Units

    14 Units

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 104,400.00

  • Gross Rent / month

    $ 8,700.00

  • Monthly Costs

    - $ 1,789.67
    • Property Management (5.00%)
      - $ 435.00
    • RealT Platform (2.00%)
      - $ 174.00
    • Property Taxes
      - $ 714.00
    • Insurance
      - $ 466.67

  • Net Rent / month

    $ 6,910.33

  • Net Rent / year

    $ 82,923.96

  • Total Investment

    $ 706,027.00
    • Underlying Asset Price
      $ 705,527.00
    • Initial Maintenance Reserve
      $ 500.00
    • Unrounded Listing Price
      $ 706,027.00

  • Expected Income

    11.75%

    Not including capital appreciation

Test Renovation content!

Property Valuation

  • 2022

    Jun 14
    1019 days since prior valuation

    Asset Valuation

    $ 705,527.00

    Annual Change

    +10.14%

    Total Investment

    $ 706,027.00

    Token Price

    $ 185.80

    Capital ROI

    +8.89%

    Reg Distributed

    $ 61,500.00

    New Photos

    No new photos at this time.

  • 2019

    Aug 30
    Initial Valuation

    Asset Valuation

    $ 550,000.00

    Total Investment

    $ 615,000.00

    Token Price

    $ 161.84

    Initial Valuation

    Values derived in: Property Financials Tab

This property is tradable on Uniswap!

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About the Property

Right in the heart of the revitalization of Detroit, 16200 Fullerton is a 15-unit apartment building that has undergone comprehensive renovations in 2019, and now is a stabilized, income-producing asset with vetted tenants. 16200 Fullerton is a high income-producing property, and due to its recent renovations, is positioned to be a low-maintenance property, with minimal vacancy rates.

Located near to Ford’s new factory, 16200 Fullerton is well-suited to capture the regrowth of Detroit’s manufacturing industry. With its 1.2-million-square-foot campus, focused on electric and self-driving vehicles, Ford estimates it will generate 5,000 new jobs in the local area. Also found nearby are local schools and businesses, putting the Fullerton apartments at the center of economic activity in Detroit. Just a few minutes outside of downtown, Fullerton is a great place for those who want access to the city life while still enjoying residential, quiet side of the industrial city.

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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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