18438 Morang Ave Token

RealT


Price
$50.4 USD (1.29%)

24h Volume
2

Market Cap
$206,627

Last Trade
February 16, 2024

Last Trade
February 16, 2024
18438 Morang Ave logo

RealT Price

Trading History

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Terms

Fundraise Information

Total Raise $205,984 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) $50.4 USD (1.29%)
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: 9.88%.

About

Overview

Pleased to present the first Commercial rental property at 18438 Morang! This opportunity enables the expansion of a diversified tokenized real estate portfolio into novel property types. The entire building is currently under lease by a single tenant, with lease renewals scheduled every two years. In the past few months, numerous acquisitions have been made on Morang street and within the surrounding neighborhood. This new property further contributes to the augmentation of economies of scale, introducing a distinct type of tenant to the portfolio.

Highlights

Property Type: Commercial
Full Address: 18438 Morang Ave, Detroit, MI 48205
Country: USA
Source: RealT
Neighborhood: Mapleridge
Construction Year: 1941
Stories: 1 Story
Total Units: 2 Units
Bedroom/Bath: 0 Bed / 2 x 0.5 Bath
Rental Type: Long-term
Rented?: Fully Rented
Rent Subsidy?: No