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15110 Freeland St, Detroit, MI 48227

View Smart Contracts: Eth Gnosis

Total Investment: $ 69,220.80

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Property Highlights

  • Expected Income

    9.10%

    Not including capital appreciation

  • Income per Token

    $ 4.57 / year

  • Income Start Date

    October 1, 2023

  • Token Price

    $ 50.16

  • Total Tokens

    1,380

All financial statements of property yield are best estimates based on current conditions, and can change at any time.

We are targeting the above yield for investors; however, no assurance can be given that you will obtain any return on investment, and there is a risk that you can lose your entire investment.

  • Property Type

    Single Family

  • Full Address

    15110 Freeland St, Detroit, MI 48227

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Hubbell - Lyndon

  • Construction Year

    1936

  • Bedroom/Bath

    3 Beds / 1.5 Baths

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 10,800.00

  • Gross Rent / month

    $ 900.00

  • Monthly Costs

    - $ 375.00
    • Property Management (8.00%)
      - $ 72.00
    • RealT Platform (2.00%)
      - $ 18.00
    • Maintenance Expenses
      - $ 110.00
    • Property Taxes
      - $ 130.00
    • Insurance
      - $ 45.00
    • Utilities
      Tenant-paid

  • Net Rent / month

    $ 525.00

  • Net Rent / year

    $ 6,300.00

  • Total Investment

    $ 69,220.80
    • Underlying Asset Price
      $ 56,000.00
    • Sourcing Fee (10%)
      $ 6,922.19
    • Initial Maintenance Reserve
      $ 1,800.00
    • Initial Renovation Reserve
      $ 3,000.00
    • Administrative Fees
      $ 1,500.00
    • Unrounded Listing Price
      $ 69,222.19
    • Rounding Difference
      - $ 1.39

  • Expected Income

    9.10%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    4,051

  • Foundation

    Masonry

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Interior Size (sqft)

    1,334

  • Heating

    Forced Heat & Cool

  • Building Class

    C

  • Renovated

    Yes

  • Property Manager

    Mutual Property Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-15110-FREELAND-ST-DETROIT-MI

  • Total Tokens

    1380

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    September 10, 2023

  • Issuer

    RealToken International 15110 Freeland St Inc

  • Min. Investment Amount

    $50.16

  • Max. Investment Amount

    $69,220.80

  • Amount Raised

    $69,220.80

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

15110 Freeland
Discover Urban Vibrancy at Freeland

Nestled in the heart of Detroit, 15110 Freeland stands as a testament to urban living at its finest. Surrounded by public parks, restaurants, and shop hubs like Foot Locker, this property is a beacon for those who thrive in dynamic environments.

Economies of Scale in Property Management

With RealT’s strategic ownership of properties on Greenfield Rd and Strathmoor St close to Freeland, efficient property management is a given. This ensures reduced operational expenses and enhances the value for both homeowners and investors.

A Blueprint for Growth

15110 Freeland is not just a property, it’s an opportunity. A dedicated renovation budget of $3,000 has been allocated to further enhance its features, ensuring it meets modern standards while retaining its classic charm. With these upcoming transformative enhancements, we expect an annual rental yield of 9.10%. For investors with an eye for growth, this is an opportunity not to be missed.

Timeless Charm with a Modern Twist

This home already enjoys a new roof, new windows, and a new kitchen and flooring, and every upcoming renovation is designed to accentuate its timeless appeal. A tenant is ready to move in October 1st, and we expect 15110 Freeland to be a sought-after choice, with a charm that stands the test of time.

Map

Property Records

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Why Detroit?

INVEST RIGHT

Detroit, one of the fastest growing major cities in America and best kept real estate secrets, is rich with history, and  possesses a colorful cultural fabric. Despite being among the 15 largest metro areas in the US, Detroit drivers spend the least amount of time in traffic during peak periods. Beyond automotive innovation, Detroit is home to dozens of startup incubators, and is surging on Inc.’s list of top 50 cities to start a business*. Root for the Lions, Tigers, Pistons and Red Wings, or enjoy the outdoors with over 200 miles of hiking trails nearby, 9 state parks, and over 3200 miles of coastline to explore.

There’s something for everyone here, because Detroit is for everybody.

The Interests, in the form of Series #1 RealTokens and future series of RealTokens, being offered are highly speculative in nature, involve a high degree of risk and should be purchased only by persons who can afford to lose their entire investment. There can be no assurance that the Company’s business objectives will be achieved or that a secondary market would ever develop for the Interests, whether via the RealToken Website, via third party registered broker-dealers or otherwise. Investing in private placements requires high risk tolerance, low liquidity concerns, and long-term commitments. The Interests being sold are not FDIC insured, may lose value, and there is no bank or other guarantee.

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