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(S) 10147 Somerset Ave, Detroit, MI 48224

View Smart Contracts: Eth xDai

Total Investment: $ 70,980.00

Non-US Total: $ 70,980.00

US-Only Total: $ 0.00

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


    Not including capital appreciation

  • Income Start Date

    August 1, 2022
  • Income per Token

    $ 5.29 / year
  • Token Price

    $ 52.58
  • Total Tokens

  • Non-US Tokens

  • US-Only Tokens


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

    10147 Somerset Ave, Detroit, MI 48224
  • Country

  • Source

  • Neighborhood

  • Construction Year

  • Stories

    1 Stories
  • Bedroom/Bath

    3 Bed / 1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?


Property Financials

  • Gross Income / year

    $ 10,800.00
  • Gross Income / month

    $ 900.00
  • Monthly Costs

    - $ 305.00
    • Property Management (8.00%)
      - $ 72.00
    • RealT Platform (2.00%)
      - $ 18.00
    • Maintenance Expenses
      - $ 100.00
    • Property Taxes
      - $ 75.00
    • Insurance
      - $ 40.00
    • Utilities
  • Net Income / month

    $ 595.00
  • Net Income / year

    $ 7,140.00
  • Total Investment

    $ 70,980.00
    • Underlying Asset Price
      $ 70,000.00
    • Initial Maintenance Reserve
      $ 980.00
    • Miscellaneous Costs
      $ 0.03
    • Unrounded Listing Price
      $ 70,980.03
    • Rounding Difference
      - $ 0.03
  • Non-US Portion

    $ 70,980.00
  • US-Only Portion

    $ 0.00
  • Expected Income


    Not including capital appreciation

Property Details

  • Lot Size (sqft)

  • Foundation

    Masonry Block
  • Exterior Walls

  • Roof Type

  • Parking

    1 Detached Parking
  • Interior Size (sqft)

  • Heating

    Forced Air/Gas
  • Cooling

  • Building Class

  • Renovated

  • Property Manager

    Mutual Property Management LLC


  • Identifier

  • Non-US Tokens


Gnosis Chain


Test Renovation content!

Offering Details

  • Offering Date

    July 8, 2022
  • Issuer

    RealToken 10147 Somerset Ave, Inc
  • Min. Investment Amount

  • Max. Investment Amount

  • Amount Raised

  • Offering Percent (of Total Tokens)


Property Valuation

  • 2023

    Oct 24
    473 days since prior valuation

    Asset Valuation

    $ 70,000.00

    Annual Change


    Total Investment

    $ 70,980.00

    Token Price

    $ 52.58

    Capital ROI


    Reg Distributed

    $ 6,777.78

    New Photos

    No new photos at this time.
  • 2022

    Jul 08
    Initial Valuation

    Asset Valuation

    $ 55,500.00

    Total Investment

    $ 67,783.50

    Token Price

    $ 50.21

    Initial Valuation

    Values derived in: Property Financials Tab

About the Property

10147 Somerset

This single-family Residence continues our strategy of economy of scale in the east of the city. We already hold two properties on this street, 10604 Somerset and 10612 Somerset.

This property was built in 1939 and is very well maintained. We have budgeted $2,800 for the following minor renovations:

  • $1,550 to repair subfloor at toilet area
  • $1,250 to repair front porch and replace cap


Property Records

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Why Detroit?


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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