14409 Linnhurst St Detroit MI Token

RealT

The Raise Total

$1,153,680

Price Per Token

$50

Raise Start

June 15, 2022

Minimum Investment

$1,153,680

https://realt.co/product/14409-linnhurst-st-detroit-mi-48205/

Built in 1928, this beautiful brick multi-family shows classic styling from the prewar period, including mature landscaping, trees, and statuary. Linnhurst hosts 23 fully-rented units, and ticks all the boxes for a RealT community and family-oriented property, having been acquired at a good price and offering stable rents month after month.

Terms

Fundraise Information

Total Raise $1,153,680 USD
Soft Cap $3,450 USD
Raise Status Open since Closed
Minimum Investment $1,153,680 USD
Accepted Investors International Non Us
Security Type -
Exemptions TBA
Instrument Dividend

Token Information

Price Per (RealT) $50
Token Issuance Platform RealT
Token Protocol ERC-20
Token Issuance Info TBA
Payment Options ETH

Token Rights

Each token grants the token holder the right to rent payments made by the tenant in the form of USDC

About

Overview

Property Type: Multi Family Full Address: 14409 Linnhurst St, Detroit, MI 48205 Neighborhood: Mapleridge Construction Year: 1928 Stories: 3 Stories Total Units: 23 Units Bedroom/Bath: 16x1 ; 5x2 ; 1xStudio Bed / 23x1 Bath Rental Type: Long-term Rented? Fully Rented Section 8? No Lot Size (sqft): 9,148 Foundation: Poured Concrete / Basement Exterior Walls: Brick Roof Type: Asphalt Parking: Street Parking Interior Size (sqft): 17,550 Heating: Steam Radiator Cooling: None Building Class: C Renovated: Well Maintained Property Manager: Investors Property Management Detroit LLC

Highlights

Expected Income: 10.14% not including capital appreciation Rent Start Date: July 15, 2022 Rent per Token: $5.08 / year Token Price: $50.16 Total Tokens: 23,000 Gross Rent / year: $215,280.00 Gross Rent / month: $17,940.00 Monthly Costs: - $8,195.00 Net Rent / month: $9,745.00 Net Rent / year: $116,940.00 Total Investment: $1,153,680.00 Expected Income: 10.14%