1630 E State Fair Ave Token

RealT


Price
$63.88 USD (2.67%)

24h Volume
6

Market Cap
$753,742

Last Trade
February 12, 2024

Last Trade
February 12, 2024
1630 E State Fair Ave logo

RealT Price

Trading History

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Terms

Fundraise Information

Total Raise $590,708 USD
Soft Cap $0 USD
Raise Status Closed
Minimum Investment $50 USD
Accepted Investors International Non-US
Exemptions RegS
Instrument Equity
Token Issuance Info No lock up period due to RegS

Token Information

Price Per (RealT) $63.88 USD (2.67%)
Token Issuance Platform RealT
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: 12.87%.

About

Overview

This lovely brick multi-family is the twin of the 1610 E State Fair property next door. Both are classic RealT bread-and-butter properties, acquired in the same deal as 19750 and 19751 Marx. These 4 properties are all located on the same street, which allows for an economy of scale on renovations and maintenance. In addition, a renovation on one property increases the value of the neighborhood, and therefore the value of the other properties!

Highlights

Property Type: Multi Family
Full Address: 1630 E State Fair Ave, Detroit, MI 48203
Country: USA
Source: RealT
Neighborhood: Nolan
Construction Year: 1957
Stories: 2 Stories
Total Units: 16 Units
Bedroom/Bath: 16x1 Bed / 16x1 Bath
Rental Type: Long-term
Rented?: 15 / 16 Units
Rent Subsidy?: No