| Number Investors | 184 |
| Raise Close Date | March 04, 2020 |
| Last Updated | July 29, 2022 |
| Current Amount Raised | $582,000USD |
| Total Raise | $582,000 USD |
| Soft Cap | $100,000 USD |
| Raise Status | Open since Active |
| Minimum Investment | $582,000 USD |
| Accepted Investors | Tba |
| Security Type | Equity |
| Exemptions | Reg D and Reg S |
| Instrument | Equity/Dividend |
| Price Per (RealT) | $177.47 USD |
| Token Issuance Platform | RealT |
| Token Protocol | ERC-20 |
| Token Issuance Info | In-House |
| Payment Options |
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Token Rights
Each token grants the token holder the right to rent payments made by the tenant in the form of DAI (stablecoin)
Built in the 60’s, all 15 units were recently upgraded to conform to current market standards. In 2018, the roof was completely replaced. The apartment is currently fully rented, with a wait-list of available renters due to the below-market rate of $620 per month per unit.
To see a walkthrough of the property, please visit: http://smartfloorplan.com/p/t/shell5.php?id=v440516
Property Highlights
Expected Yield: 11.47%
Rent per Token: $16.70 / year
Token Price: $145.56
Total Tokens: 4,000
Property Type: Multi Family
Neighborhood: Barton - McFarland
Square Feet: 12,064
Bedroom/Bath: 15-Unit Multifamily
Rented?: Fully Rented
Section 8?: Section 8 Pays...100%
Financials
Gross Rent / year: $100,992.00
Gross Rent / month: $8,416.00
Monthly Costs: $2,849.11
Net Rent / month: $5,566.89
Net Rent / year: $66,802.68
Total Investment: $582,200.00
Expected Yield: 11.47%
