Source: STM.co
| Number Investors | 184 |
| Raise Close Date | March 04, 2020 |
| Last Updated | January 30, 2024 |
| Current Amount Raised | $582,000USD |
| Total Raise | $694,948 USD |
| Soft Cap | $100,000 USD |
| Raise Status | Closed |
| Minimum Investment | $174 USD |
| Accepted Investors | International Non-US |
| Exemptions | RegS |
| Instrument | Equity |
| Token Issuance Info | No lock up period due to RegS |
| Price Per (RealT) | $214.15 USD |
| Token Issuance Platform | RealT |
| Secondary Marketplace | Levinswap |
| 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: 10.24%.
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%
