1 Holdings Holcomb St Token

RealT


Price
$50.48 USD (0%)

24h Volume
0

Market Cap
$1,060,036

Last Trade
May 20, 2024

Last Trade
May 20, 2024
1 Holdings Holcomb St logo

RealT Market Cap & Volume

Source: STM.co

Trading History

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Terms

Fundraise Information

Total Raise $1,057,770 USD
Soft Cap $0 USD
Raise Status Closed
Minimum Investment $50 USD
Accepted Investors International Non-US
Exemptions RegS
Instrument Equity
Token Issuance Info No lock up period due to RegS

Token Information

Price Per (RealT) $50.48 USD (0%)
Token Issuance Platform RealT
Blockchains Available On Gnosis Chain
Security Type Equity
Asset Class Real Estate
Payment Options Other

Token Rights

Each token grants the token holder the right to rent payments made by the tenant in the form of USDC or XDAI (stablecoin). Expected Income: 9.63%.

About

Overview

This new token encompasses ownership of 17 single-family homes on the same street. All the properties in this group are single-family homes built between 2005 and 2007. As newer homes, they require less renovation and maintenance, and we have allocated a maintenance reserve of $22,964 and a renovation budget of $18,000 for the whole group. Newer properties sometimes offer lower yields, but not Holcomb. To incentivize the promoter to build them, these homes received a relief package that makes their taxes 4 to 5 times lower than other equivalent properties! This relief package also allows us to increase rents by 3% per year to keep pace with the economy.

Highlights

Property Type: SFR Portfolio
Full Address: 1 Holdings Holcomb St, Detroit, MI 48214
Country: USA
Source: RealT
Neighborhood: Gratiot Woods
Construction Year: 2007
Stories: 2 Stories
Total Units: 17 Units
Bedroom/Bath: (3 Beds, 1 Bath) x 17
Rental Type: Long-term
Rented?: Fully Rented
Rent Subsidy?: Section 42
Rent Subsidy Pays: 100%