Overview
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. This property is also located on the east side of the city, where we already have an interesting presence at 13041 Hayes, 15203 Park Grove St, and 14882 Troester St.
Linnhurst is a 15-minute drive to the neighborhoods of Grosse Pointe Park, Grosse Pointe and Grosse Pointe Farms, where you’ll find many luxury properties
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%
