18980 Fenton St Token

RealT


Price
$53.19 USD (3.85%)

24h Volume
4

Market Cap
$1,356,231

Last Trade
February 21, 2024

Last Trade
February 21, 2024
18980 Fenton St logo

RealT Price

Trading History

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Terms

Fundraise Information

Total Raise $1,281,375 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) $53.19 USD (3.85%)
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: 9.39%.

About

Overview

Built in 1963, Fenton is a multi-family residence composed of 24 fully-rented units and 24 parking spaces. This property is in the bread-and-butter category of RealT offerings, with an excellent purchase price, low renovations, good tenants, and an attractive expected income structured to offer stable rents month after month. By purchasing tokens from this property, investors can diversify their risk due to potential rental vacancies, as 24 units make for a consistent rental income. Fenton has an expected rental income return of 11.16%.

Highlights

Property Type: Multi Family
Full Address: 18980 Fenton St, Detroit, MI 48219
Country: USA
Source: RealT
Neighborhood: Five Points
Construction Year: 1963
Stories: 2 Stories
Total Units: 24 Units
Bedroom/Bath: 12x1, 12x2 Bed / 24x1 Bath
Rental Type: Long-term
Rented?: 20 / 24 Units
Rent Subsidy?: No